SEACOAST BANKING CORP OF FLORIDA (SBCF): M&A transaction — Seacoast files financial statements for acquired Professional Holding Corp.

SEACOAST BANKING CORP OF FLORIDA

Audited financial statements of Professional for FY2021 and FY2020 included as exhibits.
Unaudited financial statements for nine months ended Sep 30, 2022 and 2021 provided.
Unaudited pro forma combined financials for Seacoast for FY2021 and nine months 2022 filed.
Amendment No. 1 to Form 8-K filed March 15, 2023 to satisfy Item 9.01 requirements.
Merger with Professional (PFHD) closed Jan 31, 2023; consideration and terms unchanged.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

SEACOAST BANKING CORP OF FLORIDA completed a disposition involving Professional Holding Corp. (closed 2023-01-31).

Action: disposition
Counterparty: Professional Holding Corp.
Closing: 2023-01-31

Exact text from the filing

On January 31, 2023, Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) filed a Current Report on Form 8-K to report under Item 2.01 that the Company and Seacoast's wholly-owned subsidiary Seacoast National Bank, had completed its previously announced merger (the “Merger”) with Professional Holding Corp. (“Professional”) (NASDAQ: PFHD), parent company of Professional Bank.

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Source: SEC EDGAR

accession 0001104659-23-032929

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