secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0000730708-25-000204
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacoast completes $829M acquisition of Villages Bancorporation, expands into The Villages
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000073070825000204/0000730708-25-000204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000073070825000204/sbcf-20251001.htm
  HTML page:      https://secwatch.observer/filing/0000730708-25-000204

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