Under the terms of the merger agreement, Legacy Bank shareholders received 0.1703 shares of Seacoast common stock for each share of Legacy Bank common stock held immediately prior to the merger, and Legacy Bank option holders received options to purchase Seacoast common stock, with the number of shares underlying each such option and the applicable exercise price adjusted using the same 0.1703 exchange ratio. Longer delays to the availability of funds may apply. Images are available for 18 months regardless of image type or method of deposit. Seacoast Bank customers with deposit accounts may complete a loan payment online by transferring funds from any Seacoast Bank deposit account to make your loan payment. No, you do not need a separate Login ID and password to log into the Mobile Banking app. When you entrust your banking to us, we promise to: For first-time check orders, use our secure. For a full listing of system and browser requirements or to learn how to check and/or update your browser, reference our User Requirements Document. Seacoast Bank has an A health rating. As an asset-based lender, our lending solutions are unique to each business, with prompt turnaround that is much more efficient than most financing options. For your protection, we have standard limits on the amount of money you can send. No need to enroll and there's no additional costit's automatic when you have qualifying direct deposits to your Regions account or prepaid Regions Now Card. View mortgage and loan balances. Seacoast expects the transaction to be 8.6% accretive to earnings per share in 2023, with modest dilution of tangible book value per share that will be earned back in 1.6 years. Still need help? Seacoast Bank Reviews: 179 User Ratings - WalletHub Dover | Barrington | Durham | Portsmouth | Rochester| (603) 742-4680Privacy Policy | Security Information | Investor Relations | Copyright 2021First Seacoast BankFacebookTwitterYouTubeInstagramLinkedin, Member FDIC Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank, in residential real estate loans, commercial real estate and multi-family real estate loans, acquisition, development . Do Not Sell My Personal Information (CA Residents Only). Comment. The acquisition increases Seacoast's presence in . STUART, Fla., Aug. 06, 2021 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ: SBCF) ("Seacoast"), the holding company for Seacoast National Bank ("Seacoast Bank"), announced today the completion of its acquisition of Legacy Bank of Florida ("Legacy Bank"), effective August6, 2021, pursuant to the merger of Legacy Bank with and into Seacoast Bank. Only checking accounts are eligible for mobile deposit. Fisher Asset Management LLC owned approximately 0.93% of Seacoast Banking Co. of Florida at the end of the most recent reporting period. State Street Corp raised its stake in Seacoast Banking Co. of Florida by 30.6% in the first quarter. Available for personal accounts only. Seacoast Bank offers a variety of mortgage loan options, check them out here . Liens are released two weeks after the payoff date. Provide insights to our team on your banking experience and how we can better serve you. Complete the form and click request stop payment to submit, Use your PIN to complete an ATM transaction, Use your PIN to complete a purchase with a merchant, Under Alerts & Settings click on Security Preferences. Market Cap: $2.0 billion as of March 31, 2023. 2023, Nasdaq, Inc. All Rights Reserved. Seacoast Bank General Information. Funds availability describes when you can access the money you deposit into a bank account. With Early Pay 1, Regions customers can get access to qualifying payroll funds from participating employers or federal and state government payments up to two days early. Based on Seacoasts closing price of $33.72 as of May 3, 2022, the transaction is valued at approximately $173.2 million. For more information about Seacoast, visit www.SeacoastBanking.com. You can identify these forward-looking statements through our use of words such as "may", "will", "anticipate", "assume", "should", "support", "indicate", "would", "believe", "contemplate", "expect", "estimate", "continue", "further", "plan", "point to", "project", "could", "intend", "target" or other similar words and expressions of the future. Yes, Seacoast Bank is FDIC insured. For new customers, you can deposit up to $1,000 per business* day for the first 60 days of the account opening. You can feel true security. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2020 and quarterly reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, under "Special Cautionary Notice Regarding Forward-looking Statements" and "Risk Factors", and otherwise in our SEC reports and filings. Have a direct deposit of $500 or more within 60 days of account opening. To update your Secure Access contact information, navigate to Alerts & Settings, Security Preferences, and Secure Delivery. Strong capital position, supporting further organic growth and opportunistic acquisitions. On January 31, 2023, the Company acquired Professional, the sixth largest bank headquartered in South Florida. Utilize the secure message center to contact us, or for time-sensitive requests please call 866.710.5778, Mon Fri 7 am 10 pm, Sat 8:30 am 5 pm. This version includes performance enhancements and bug fixes. The duration of this liquidity remaining on the balance sheet is uncertain; changes in borrower credit risks and payment behaviors, including as a result of the financial impact of COVID-19; changes in retail distribution strategies, customer preferences and behavior; changes in the availability and cost of credit and capital in the financial markets; changes in the prices, values and sales volumes of residential and commercial real estate; the Company's ability to comply with any regulatory requirements; the effects of problems encountered by other financial institutions that adversely affect Seacoast or the banking industry; Seacoast's concentration in commercial real estate loans and in real estate collateral in the state of Florida; inaccuracies or other failures from the use of models, including the failure of assumptions and estimates, as well as differences in, and changes to, economic, market and credit conditions; the impact on the valuation of Seacoast's investments due to market volatility or counterparty payment risk; statutory and regulatory dividend restrictions; increases in regulatory capital requirements for banking organizations generally; the risks of mergers, acquisitions and divestitures, including Seacoast's ability to continue to identify acquisition targets and successfully acquire and integrate desirable financial institutions; changes in technology or products that may be more difficult, costly, or less effective than anticipated; the Company's ability to identify and address increased cybersecurity risks, including as a result of employees working remotely; inability of Seacoast's risk management framework to manage risks associated with the business; dependence on key suppliers or vendors to obtain equipment or services for the business on acceptable terms; reduction in or the termination of Seacoast's ability to use the mobile-based platform that is critical to the Company's business growth strategy; the effects of war or other conflicts, acts of terrorism, natural disasters, health emergencies, epidemics or pandemics, or other catastrophic events that may affect general economic conditions; unexpected outcomes of, and the costs associated with, existing or new litigation involving the Company, including as a result of the Companys participation in the PPP; Seacoast's ability to maintain adequate internal controls over financial reporting; potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions; the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, non-bank financial technology providers, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in the Company's market areas and elsewhere, including institutions operating regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the Internet; the failure of assumptions underlying the establishment of reserves for possible credit losses.