US EditionSeacoast enters $710.8m deal to buy Villages Bancorporation
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Seacoast enters $710.8m deal to buy Villages Bancorporation
Seacoast Banking Corporation of Florida, the parent company of Seacoast National Bank, has agreed to acquire Villages Bancorporation, Inc. (VBI), for roughly $710.8m. VBI is the parent entity of Citizens First Bank, based in The Villages, Florida. Under the agreed terms, 25% of VBI’s common stock will be exchanged for cash, while the remaining 75% will be converted to Seacoast stock. The deal’s completion is anticipated in the fourth quart…
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