First Seacoast sells four bank properties for $7.5M, leases them back for 15 years

First Seacoast Bancorp, Inc.

Sale of four bank office properties to MountainSeed for ~$7.5M cash; pre-tax gain of ~$2.5M.
Master lease with initial 15-year term, one 15-year renewal option; annual lease payments ~$678K.
Parent company First Seacoast Bancorp guarantees the lease; no offices closed or markets exited.
Transaction provides cash for investment and balance sheet flexibility, per CEO James Brannen.

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