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Seacoast Announces the Acquisition of Heartland Bancshares, Inc.

1. Seacoast Banking Corporation to acquire Heartland Bancshares, expanding into Central Florida. 2. Heartland operates four branches, which will enhance Seacoast's market presence.

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FAQ

Why Bullish?

This acquisition strategically boosts SBCF's footprint in a key market, historically improving similar banks' valuations.

How important is it?

Acquisitions often lead to fortified market positions and investor confidence; positive effects can materialize over time.

Why Long Term?

A successful integration could yield long-term growth through increased deposits and market reach.

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HEBT
STUART, Fla.--(BUSINESS WIRE)--Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF), the holding company for Seacoast National Bank (“Seacoast Bank”), announced today that it has signed a definitive agreement to acquire Heartland Bancshares, Inc. (“Heartland”), parent company of Heartland National Bank based in Sebring, FL. The proposed transaction will expand Seacoast's presence into this key Central Florida market. Heartland operates four branches with deposits.

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