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AI brief of an SEC Form 8-K · Seacoast Banking Corporation of Florida (SBCF)

Seacoast Completes $111.2 Million Acquisition of Heartland Bancshares

Neutral Impact 4 of 5 m&a Written later

Seacoast Banking Corporation of Florida completed its acquisition of Heartland Bancshares, Inc., parent of Heartland National Bank, effective July 11, 2025, and merged Heartland National Bank into Seacoast National Bank. The filing says the deal adds Heartland's leading deposit share in Highlands County, Florida, with deposits of approximately $665.9 million and net loans of approximately $156.6 million as of March 31, 2025.

Key points

  • Final consideration of approximately $111.2 million, paid as a 50-50 mix of cash and stock
  • Heartland had approximately $665.9 million in deposits and $156.6 million in total consolidated net loans as of March 31, 2025
  • Merger agreement dated February 27, 2025; Heartland National Bank merged into Seacoast National Bank, effective July 11, 2025
  • Chairman and CEO Charles M. Shaffer said the deal expands Seacoast's presence in Central Florida

The filing

CompanySeacoast Banking Corporation of Florida (SBCF)
Form8-K, current report
Filed with the SECJul 11, 2025, 5:17 PM ET
Accession number0000730708-25-000152

Items reported: 2.01 Acquisition or Disposition Completed8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 11, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.