Seacoast to acquire Villages Bancorporation in $710.8 million cash-and-stock deal
Seacoast Banking Corporation of Florida and Seacoast National Bank signed a merger agreement on May 29, 2025 to acquire Villages Bancorporation and its subsidiary Citizens First Bank. Each VBI share can be exchanged for $1,000 in cash or 38.5 Seacoast common shares, with a 25% cash and 75% stock mix applied, and the company estimates the implied transaction value at $710.8 million. Closing is anticipated in the fourth quarter of 2025, subject to VBI shareholder and regulatory approvals, and the filing states there will be no changes to Seacoast's board or executive leadership.
Key points
- Implied aggregate transaction value of $710.8 million; consideration is 25% cash and 75% stock
- Each VBI share may be exchanged for $1,000 in cash or 38.5000 Seacoast common shares, subject to proration
- Presentation shows approximately 81% Seacoast and 19% VBI ownership on a fully converted basis
- VBI would pay a $31.4 million termination fee in certain circumstances; closing anticipated in Q4 2025
The filing
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 May 29, 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.