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. 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.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000730708-25-000204), on October 06, 2025, and is solely responsible for the information contained therein.
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