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Announced

Completed

Seacoast Banking Corporation of Florida completed the acquisiton of Apollo Bancshares for $168m.

Financials

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Transaction Value£128m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Domestic

Banks

bank holding company

Single Bidder

Majority

United States

Friendly

Completed

Synopsis

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Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, completed the acquisiton of Apollo Bancshares, the parent company of Apollo Bank based in Miami, FL, for $168m. "Apollo Bank is a customer-focused franchise with an outstanding reputation for service excellence and deep customer relationships in this important market. We see a great opportunity to grow our presence and expand our position in South Florida by complementing Apollo’s strengths with Seacoast’s innovation and breadth of offerings," Charles M. Shaffer, Seacoast Chairman and CEO.

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