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Announced

Completed

Seacoast completed the acquisition of Sabal Palm Bank, for $53.9m.

Financials

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Transaction Value£39m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Banks

Friendly

Private

United States

bank

Domestic

Majority

Single Bidder

Completed

Synopsis

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Seacoast, a holding company for Seacoast National Bank, completed the acquisition of Sabal Palm Bank, a full-service bank, for $53.9m. “Sabal Palm Bank has always been passionate about serving the needs of our community and working side by side with our customers to help them achieve their financial goals. We are delighted to partner with Seacoast, which shares our values and has been serving Florida consumers and businesses for more than 90 years,” Neil McCurry, Sabal Palm Bancorp President and CEO.

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