Seacoast completes $111.2M acquisition of Heartland Bancshares; enters Highlands County, FL

SEACOAST BANKING CORP OF FLORIDA

Effective July 11, 2025; Heartland shareholders received 50-50 cash/stock consideration of ~$111.2 million.
Heartland had $665.9M in deposits and $156.6M in net loans as of March 31, 2025.
Heartland held the leading deposit market share in Highlands County, Florida.
Heartland National Bank merged into Seacoast National Bank; Seacoast is the surviving entity.
Expands Seacoast's presence in Central Florida with a customer-focused franchise.

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