Seacoast Receives Regulatory Approvals for the Acquisition of Villages Bancorporation, Inc.

Core Viewpoint - Seacoast Banking Corporation of Florida has received all necessary regulatory approvals for its acquisition of Villages Bancorporation, Inc., with the transaction expected to close around October 1, 2025, pending shareholder approval [1][2]. Company Overview - Seacoast Banking Corporation of Florida is one of the largest community banks in Florida, with approximately $15.9 billion in assets and $12.5 billion in deposits as of June 30, 2025 [3]. Transaction Details - The acquisition involves the merger of Citizens First Bank into Seacoast Bank, and all required regulatory approvals have been obtained [1][2]. - The transaction is subject to customary closing conditions, including the approval of Villages Bancorporation's shareholders [2]. Financial Performance - In the second quarter of 2025, Seacoast reported a net income of $42.7 million, or $0.50 per diluted share, an increase from $31.5 million, or $0.37 per diluted share, in the first quarter of 2025 [11].