Seacoast Banking Corporation of Florida to acquire Heartland Bancshares for $110m.

Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, agreed to acquire Heartland Bancshares, the parent company of Heartland National Bank, for $110m. “Heartland has an outstanding reputation for exceptional service and strong financial performance, with a deep commitment to the communities it serves for over 25 years, and we look forward to continuing Heartland’s dedication to its customers, employees and shareholders. We see great opportunity in complementing Heartland’s strengths with Seacoast’s innovative products and breadth of offerings to grow our presence and expand our position in the state. The transaction is expected to be accretive to earnings in 2026 with modest dilution of tangible book value. We look forward to welcoming Heartland’s employees and customers to the Seacoast franchise,” Charles M. Shaffer, Seacoast Chairman and CEO.