---
schema_version: "secwatch.filing_event.v1"
accession: "0000730708-23-000007"
form_type: "8-K"
ticker: "SBCF"
cik: "0000730708"
company_name: "SEACOAST BANKING CORP OF FLORIDA"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T04:21:40.449042+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Seacoast completes acquisition of Professional Holding; exchange ratio 0.8909, $2.2B deposits

## Summary
- Effective January 31, 2023; Professional shareholders received 0.8909 Seacoast shares per PFHD share.
- Professional Bank had ~$2.2B deposits and ~$2.1B loans as of December 31, 2022.
- Deal expands Seacoast's presence in South Florida; Professional was the 6th largest bank HQ'd there.
- Pro forma financials and acquired business financials to be filed within 71 days via 8-K/A.

## SEC filing metadata
- accession: 0000730708-23-000007
- form_type: 8-K
- ticker: SBCF
- cik: 0000730708
- company_name: SEACOAST BANKING CORP OF FLORIDA
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730708/000073070823000007/0000730708-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730708/000073070823000007/sbcf-20230131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000730708-23-000007
- JSON: https://secwatch.observer/filing/0000730708-23-000007.json
- Plain text: https://secwatch.observer/filing/0000730708-23-000007.txt

## Key facts
- M&A Transactions
  SEACOAST BANKING CORP OF FLORIDA completed an acquisition involving Professional Holding Corp. (closed 2023-01-31).
  - Action: acquisition
  - Counterparty: Professional Holding Corp.
  - Closing: 2023-01-31
  source text: Effective January 31, 2023, Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) and Seacoast's wholly-owned subsidiary Seacoast National Bank, completed the previously announced merger (the "Merger") with Professional Holding Corp. ("Professional") (NASDAQ: PFHD), parent company of Professional Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/730708/000073070823000007/0000730708-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.