South Florida Business Journal | Seacoast Completes Acquisition of Legacy Bank of Florida

Alston & Bird is mentioned for representing Seacoast Banking Corp. of Florida in its planned $488 million acquisition of South Florida Bank.

Alston & Bird is noted for representing Seacoast Banking Corporation of Florida in its planned acquisition of Legacy Bank of Florida for approximately $110 million.

Alston & Bird represented Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, in its $710.8 million acquisition of Villages Bancorporation, parent company of Florida-based Citizens First Bank. The transaction structure includes a unique combination of cash, common stock, and non-voting preferred stock and represents Seacoast’s largest transaction to date.

Alston & Bird client Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, has announced a definitive agreement to acquire Legacy Bank of Florida in a transaction valued at approximately $110 million.