Seacoast Banking Corporation of Florida has completed its acquisition of Villages Bancorporation, Inc. (VBI), the parent company of Citizens First Bank. With the transaction finalized on October 1, 2025, Citizens First Bank has merged into Seacoast National Bank, which will continue as the surviving institution. Under the terms of the agreement, VBI shareholders received either $1,000 in cash, 38.5 shares of Seacoast common stock, or a combination of both, with proration resulting in 25% of shares receiving cash and 75% receiving stock. The total consideration for the deal was approximately $829 million. This acquisition expands Seacoast's presence into The Villages, a rapidly growing community in Central Florida. Citizens First Bank held a leading deposit market share in the Wildwood-The Villages MSA, operating 19 branches with approximately $3.5 billion in deposits and $1.3 billion in loans as of June 30, 2025. Seacoast's Chairman and CEO, Charles M. Shaffer, highlighted the alignment of both organizations' values and the opportunity for continued growth in the region.