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.
Representing Seacoast was an Alston & Bird team led by partners Randy Moore, John Gerl, and Cliff Stanford, senior associate Nathan Tyre, and associates Skyler Green, Jerome Felton, Morgan Geurts, and Olivia Weber (Financial Services); partner Mike Stevens and senior associate Cremeithius Riggins (Employee Benefits & Executive Compensation); counsel Rick Pilch (Real Estate); partner Clark Calhoun and senior associate Josh Labat (State & Local Tax); partner Scott Harty and senior associate John Harden (Federal & International Tax); and partner Justin Howard (Corporate & Business Transactions).