Press Release March 26, 2015

Seacoast Banking to Acquire Grand Bankshares for $16.2 Million

Alston & Bird client Seacoast Banking Corporation of Florida has entered into a definitive agreement to acquire Grand Bankshares, Inc., for $16.2 million.

Listed on the Nasdaq market, Seacoast is one of Florida’s largest community banks with approximately $3.1 billion in assets and more than 40 branch locations. The acquisition of Grand Bankshares, which operates Grand Bank & Trust of Florida in West Palm Beach, will add three new branches and approximately $208 million in assets and allow Seacoast to substantially grow its customer base in one of Florida’s most important markets.

Advising Seacoast is an Alston & Bird team led by partner Randy Moore, with support from partners Mike Stevens and Blake MacKay (Employee Benefits & Executive Compensation); counsel Cliff Stanford (Bank Regulatory); senior associate Sarah McElroy and associates Will Hooper and David Park (Financial Services & Products).
Media Contact
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222
This website uses cookies to improve functionality and performance. By continuing to browse this site, you are consenting to the use of cookies on this website. For details, see our Privacy Statement