Seacoast Banking Corporation of Florida to acquire Villages Bancorporation for $711m.

Seacoast Banking Corporation of Florida, a bank holding company, agreed to acquire Villages Bancorporation, the parent company of Citizens First Bank, for $711m. “VBI serves a thriving and rapidly growing customer base characterized by strong financial stability and consistent demand for tailored financial products. This is a rare partnership opportunity to continue the legacy of high quality service to the Villages community with a shared vision for the many years of growth that lay ahead. We are excited to complement VBI’s strengths with Seacoast’s innovative products and breadth of offerings in this unique market,” Charles M. Shaffer, Seacoast Chairman and CEO.