Seacoast completed the acquisition of Professional Holding for $489m.

Seacoast, a community bank headquartered in Florida, completed the acquisition of Professional Holding, a bank holding company, for $489m. “Professional Bank will be a strong addition to Seacoast’s breadth of offerings, accelerating our growth strategy and expanding our presence in the attractive tri-county South Florida market. With the combined scale, we will bring to market a larger balance sheet, a greater digital product set and the banking team to become South Florida’s most competitive community bank. We are excited to welcome Professional’s employees and customers to the Seacoast franchise," Charles Shaffer, Seacoast Chairman and CEO.