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Announced

Completed

Seacoast completed the acquisition of Legacy Bank for $102m.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

United States

Banks

Private

bank

Majority

Single Bidder

Domestic

Friendly

Completed

Synopsis

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Seacoast, a bank holding company, completed the acquisition of Legacy Bank of Florida, an independently owned bank, for $102m. “Our acquisition of Legacy Bank accelerates Seacoast's expansion into Palm Beach and Broward County and positions us to increase shareholder value over time by bringing our broad range of convenient digital solutions and personalized brand of customer service to new markets and clients. With a shared vision of customer service and supporting our communities, we are excited about building on this combination with Legacy Bank in the future years ahead," Charles M. Shaffer, Seacoast President and CEO.

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