Seacoast Banking Corporation of Florida logo. (PRNewsFoto/Seacoast Banking Corporation of Florida)
STUART, FL UNITED STATES
STUART, Fla., Aug. 6 /PRNewswire-FirstCall/ -- Seacoast Banking Corporation of Florida (the "Company") (Nasdaq: SBCF), a bank holding company whose principal subsidiary is Seacoast National Bank, today announced that it has commenced an offering to sell 34,500,000 shares of common stock in an underwritten public offering. Sandler O'Neill & Partners, L.P. is acting as the lead book-running manager, and Fox-Pitt Kelton Cochran Caronia Waller is acting as the co-manager for the offering.
The Company intends to grant the underwriters an option to purchase up to an additional 5,175,000 shares sold to cover over-allotments, if any. The Company expects to use the net proceeds from this offering for general corporate purposes and to add capital to Seacoast National Bank.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement on Form S-1 may be accessed through the SEC's website at www.sec.gov. Alternatively, copies of the prospectus relating to the offering may be obtained from Sandler O'Neill & Partners, L.P., 919 Third Avenue, 6th Floor, New York, NY 10022, or toll free at 866-805-4128; or from Fox-Pitt Kelton Cochran Caronia Waller at 420 Fifth Ave., 5th Floor, New York, NY 10018, by telephone at 212-857-6212 or by fax at 212-849-0582.
Seacoast Banking Corporation of Florida has approximately $2.1 billion in assets. It is one of the largest independent commercial banking organizations in Florida, and is headquartered on Florida's Treasure Coast.
