SEACOAST BANKING CORP OF FLORIDA (SBCF): M&A transaction — 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.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SEACOAST BANKING CORP OF FLORIDA completed an acquisition involving Heartland Bancshares, Inc. for approximately $111.2 million (closed 2025-07-11).

Action: acquisition
Counterparty: Heartland Bancshares, Inc.
Consideration: approximately $111.2 million
Closing: 2025-07-11

Exact text from the filing

institution. Under the terms of the merger agreement, Heartland shareholders received a 50-50 combination of cash and stock, with the final consideration of approximately $111.2 million. Heartland has had the leading deposit market share in Highlands County, Florida for many years, with deposits of approximately $665.9 million and total consolidated net loans of

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Source: SEC EDGAR

accession 0000730708-25-000152

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