---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-054274"
form_type: "8-K"
ticker: "SBCF"
cik: "0000730708"
company_name: "SEACOAST BANKING CORP OF FLORIDA"
filed_at: "2025-05-29T23:59:59+00:00"
generated_at: "2026-05-20T07:09:21.214086+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Seacoast to acquire Villages Bancorporation for cash and stock; 25% cash/75% stock mix

## Summary
- Each VBI share converts to $1,000 cash, 38.5 SBCF shares, or a 25/75 cash/stock mix, subject to proration.
- Shareholders representing ~75% of VBI (Morse family) sign voting agreement capping SBCF ownership at 9.75%.
- Developer Support Agreement with The Villages entities provides 10-year branch lease exclusivity and deposit relationship.
- Seacoast may adjust exchange ratio downward if VBI tangible equity <$459.9M or allowance <1.76% of loans.
- Termination fee of $31.4M payable by VBI if its board withdraws recommendation or triggers certain conditions.

## SEC filing metadata
- accession: 0001104659-25-054274
- form_type: 8-K
- ticker: SBCF
- cik: 0000730708
- company_name: SEACOAST BANKING CORP OF FLORIDA
- filed_at: 2025-05-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730708/000110465925054274/0001104659-25-054274-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730708/000110465925054274/tm2516417d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-054274
- JSON: https://secwatch.observer/filing/0001104659-25-054274.json
- Plain text: https://secwatch.observer/filing/0001104659-25-054274.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.