WebMay 5, 2024 · May 05, 2024, 8:53 a.m. EDT 1 Min Read. Seacoast Banking Corp. of Florida in Stuart is acquiring Drummond Banking Co. in a $173 million deal that would bolster its operations in the northern reaches of the Sunshine State. With the acquisition Seacoast would enter Gainesville, home to the University of Florida, and neighboring markets. WebJul 5, 2024 · On March 12, the companies signed a letter of intent that provided for a transaction consisting of roughly 90% Seacoast stock and 10% cash, with a fixed exchange ratio of 48.6460 shares of Seacoast stock and $194.75 in cash consideration for each outstanding Drummond common share, representing an aggregate deal value of $194.4 …
SEACOAST REPORTS FOURTH QUARTER AND FULL YEAR …
WebMay 11, 2024 · 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. The acquisition is expected to close early in the fourth quarter of 2024, … WebMay 4, 2024 · Seacoast, Drummond, Apollo, their respective directors and executive officers and other members of management and employees may be considered participants in the solicitation of proxies in connection with the proposed transactions. Information about the directors and executive officers of Seacoast is set forth in its proxy statement for its ... middle child menu philadelphia
Seacoast Reports Second Quarter 2024 Results
WebMay 4, 2024 · Seacoast will file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 containing a proxy statement of Drummond and a … WebDrummond Island Resort & Conference Center is the ultimate vacation destination for anyone with an adventurous spirit and a love of the outdoors. Located on the north shore … WebFollowing the merger, Luther Drummond and Gray Drummond will remain with Seacoast, serving as Market Executives. Scott Guthrie will also remain with Seacoast, serving as Market President. The proposed transaction exemplifies Seacoast’s M&A focus on consolidation or entry into attractive markets, low concentration risks, and ease of … news on lending club