Global Legal Chronicle | Seacoast’s Acquisition of Drummond Banking Company

Alston & Bird client Seacoast Banking Corporation of Florida, holding company for Seacoast National Bank, has announced a definitive agreement to acquire Drummond Banking Company, parent company of Drummond Community Bank, for $173.2 million.

Randy Moore, Cliff Stanford, John Gerl, Sarah McElroy, Brian Harvel, Mike Stevens, and Chris Marquardt are noted for representing Seacoast Banking Corporation of Florida in its planned acquisition of Legacy Bank of Florida.

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.

Alston & Bird client Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, has announced a definitive agreement to acquire Fourth Street Banking Co., the holding company for Freedom Bank of St. Petersburg, in a transaction valued at more than $60 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.