secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000730708-23-000007
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000007/0000730708-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070823000007/sbcf-20230131.htm
  HTML page:      https://secwatch.observer/filing/0000730708-23-000007

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