Seacoast Banking Corporation of Florida Completes Acquisition of Villages Bancorporation, Expanding Presence in The Villages Community
Seacoast Banking Corporation of Florida has completed its acquisition of Villages Bancorporation, Inc. (VBI), the parent company of Citizens First Bank. The transaction, effective October 1, 2025, expands Seacoast's presence into The Villages®, a rapidly growing community in Central Florida. Under the terms of the agreement, VBI shareholders could elect to receive cash, Seacoast common stock, or a mix of both, with approximately $829 million in total consideration. Citizens First Bank, which held more than 50% deposit market share in the Wildwood-The Villages area and operated 19 branches with $3.5 billion in deposits as of June 30, 2025, has now merged into Seacoast National Bank. Seacoast stated that the combined organization will build on both companies' commitment to personalized service and community growth.
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: 20251001527789) on October 01, 2025, and is solely responsible for the information contained therein.
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