Seacoast Banking completed the acquisition of Florida Business Bank for $28m.

Seacoast Banking, a holding company for Seacoast National Bank, completed the acquisition of Florida Business Bank, a bank based in Melbourne, for $28m. “We’re excited to enter the highly attractive and dynamic Sarasota market and to continue to grow our presence in Brevard County. We are delighted to welcome Sabal Palm Bank and Florida Business Bank customers and employees into the Seacoast family. We look forward to introducing them to our broad range of convenient and mobile-accessible products and services as well as Seacoast’s personalized brand of customer service," Charles Shaffer, Seacoast President and CEO.