Seacoast Banking of Florida (SBCF) said Friday it finalized its acquisition of Heartland Bancshares, the parent of Heartland National Bank.
As part of the deal, the company said Heartland National Bank merged into Seacoast Bank, which remains the operating institution.
It added that Heartland shareholders received a mix of cash and stock, with the total transaction valued at around $111.2 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.