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Seacoast Banking Corp. of Florida in Stuart has agreed to buy Floridian Financial Group in Lake Mary.
November 3 -
Given that Bank of the Ozarks has agreed to pay handsomely for C1 Financial in Florida, the relatively scarce number of large institutions in the state could command higher prices from acquirers.
November 10 -
Jacksonville Bancorp is in the market for a new CEO at a time when it is also trying to sell more stock and conduct a reverse stock split.
June 26 -
Seacoast Banking Corp. of Florida in Stuart has agreed to buy the Orlando, Fla., banking operations of BMO Harris Bank.
October 15
The private equity firm founded by Eugene Ludwig has sold about 6% of its stake in Seacoast Banking Corp. of Florida for $7.3 million.
Funds controlled by CapGen Capital Group on Nov. 13 sold an aggregate 500,000 shares of Seacoast for $14.62 each, according to a regulatory filing. The price was a discount of about 3% to Seacoast's closing share price on Nov. 12, according to a research note issued by Joseph Fenech, an analyst at Hovde Group.
CapGen still owns about a 21.7% stake in the $3.4 billion-asset Seacoast. The firm
Seacoast, based in Stuart, is in the midst of an acquisition spree. The bank has closed two acquisitions in the last 14 months, and in recent weeks it announced deals to
Ludwig is also the founder and chief executive of Promontory Financial Group in Washington and a former comptroller of the currency under President Bill Clinton.
