Seacoast Banking Corporation of Florida and The BANKshares, Inc. Complete Merger

Seacoast Banking Corporation of Florida and The BANKshares, Inc. Complete Merger

  • Posted: 10/1/2014
  • Castle Creek

STUART, Fla.–(PRNewswire)–Seacoast Banking Corporation of Florida (NASDAQ-NMS: SBCF) and The BANKshares, Inc., parent of BankFIRST (“BANKshares”), announced the completion of their merger today, creating the sixth largest Florida-based bank by total assets with approximately $3.0 billion. The combined franchise will also have $2.3 billion of deposits and 46 branches.

“Today, we took a significant step forward in achieving our goal of building a community bank that offers the products and services of a large bank while maintaining the personal touch and engagement of a community bank,” said Dennis S. Hudson, Seacoast’s chairman and CEO.  “Together, the Seacoast and BANKshares teams will significantly expand our reach in our important Central Florida and Central East Coast growth markets, and will bring even greater focus on business banking in the Seacoast legacy markets. Seacoast will continue to deliver the high-touch level of service that customers expect, with an expanded branch and ATM network and a broad range of products and expertise in retail, wealth management, small business and commercial banking.”

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