SEACOAST BANKING CORP OF FLORIDA (SBCF): M&A transaction — Seacoast completes $829M acquisition of Villages Bancorporation, expands into The Villages

SEACOAST BANKING CORP OF FLORIDA

Final consideration ~$829M; VBI shareholders received 25% cash, 75% stock per proration mechanism.
VBI had 19 branches, ~$3.5B deposits, $1.3B loans as of June 30, 2025; >50% deposit share in Wildwood-The Villages MSA.
Transaction effective Oct 1, 2025; Citizens First Bank merged into Seacoast National Bank.
Entered amended Developer Support Agreement restricting new bank branches in The Villages to Seacoast/Citizens First.
Issued Series A Non-Voting Preferred Stock to VBI shareholders exceeding 9.75% ownership cap.

item 2.01 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SEACOAST BANKING CORP OF FLORIDA: Filed Certificate of Designations to create Series A Non-Voting Preferred Stock, amending the Amended and Restated Articles of Incorporation (effective 2025-10-01).

Change: charter amendment
Effective: 2025-10-01

Exact text from the filing

the Company filed the Certificate of Designations with the Articles of Amendment filed with the Secretary of State of Florida to amend the Company’s Amended and Restated Articles of Incorporation on October 1, 2025

View on SEC.gov

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

SEACOAST BANKING CORP OF FLORIDA completed an acquisition involving Villages Bancorporation, Inc. for approximately $829 million (closed 2025-10-01).

Action: acquisition
Counterparty: Villages Bancorporation, Inc.
Consideration: approximately $829 million
Closing: 2025-10-01

Exact text from the filing

outstanding Seacoast common stock, non-voting convertible preferred stock was issued in lieu of the excess amount of common shares. The final consideration was approximately $829 million. The foregoing description of the Merger and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, which is

View on SEC.gov

28 governance changes filed in the last 30 days. Browse all governance changes →

SEACOAST BANKING CORP OF FLORIDA filing history →

Source: SEC EDGAR

accession 0000730708-25-000204

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.