Davis Polk advised the joint book-running managers in connection with the $198.3 million public offering of Seacoast Banking Corporation of Florida common stock. $60.1 million of the common stock was sold by Seacoast and $138.2 million was sold by one of its stockholders. The common stock is listed on the NASDAQ Global Select Market under the symbol “SBCF.”
Seacoast is a bank holding company and one of the largest community banks headquartered in Florida. Its principal subsidiary is Seacoast National Bank, a national banking association. Seacoast and its subsidiaries provide integrated financial services, including commercial and retail banking, wealth management and mortgage services.
The Davis Polk corporate team included partner Bruce K. Dallas, counsel Jeffrey Gould and associate Angela J. Koo. Partner Luigi L. De Ghenghi and associate Hallie T. Damon provided regulatory advice. The tax team included partner Rachel D. Kleinberg and associate Lena X. Qiu. Members of the Davis Polk team are based in the Menlo Park and New York offices.