Seacoast Banking Corporation of Florida Expands Presence in Central Florida with Acquisition of Heartland Bancshares
Seacoast Banking Corporation of Florida has completed its acquisition of Heartland Bancshares, Inc., expanding its presence in Central Florida by entering Highlands County. The merger, effective as of July 11, 2025, integrates Heartland National Bank into Seacoast National Bank. Heartland shareholders received a combination of cash and stock valued at approximately $111.2 million. Heartland has been a leader in deposit market share in Highlands County, with deposits of around $665.9 million and net loans of about $156.6 million as of March 31, 2025. Seacoast Chairman and CEO Charles M. Shaffer emphasized the opportunity to enhance service and grow in Central Florida by leveraging Heartland's customer-focused reputation and Seacoast's comprehensive offerings.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seacoast Banking Corporation of Florida published the original content used to generate this news brief via Business Wire (Ref. ID: 20250711033013) on July 11, 2025, and is solely responsible for the information contained therein.
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