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November 04, 2016
Cadwalader is representing Seacoast Banking Corporation of Florida (NASDAQ: SBCF), the holding company for Seacoast National Bank, in its definitive agreement to acquire GulfShore Bancshares, Inc., the parent company of GulfShore Bank. The acquisition of GulfShore Bank, a full-service community bank serving the Tampa area since 2007, will add approximately $332 million in assets, $279 million in deposits and $253 million in loans, bringing Seacoast’s total assets to approximately $4.8 billion.
The Cadwalader team is being led by Corporate partners William Mills and includes: associates Alexandra Cotter and Tim Polmateer (Corporate); partner Scott Cammarn and associate Marty Horowitz (Bank Regulatory); partner Linda Swartz (Tax); and senior counsel Jonathan Wainwright (Financial Services).
About Seacoast Banking Corporation of Florida
Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $4.5 billion in assets and $3.5 billion in deposits as of September 30, 2016. The Company provides integrated financial services including commercial and retail banking, wealth management, and mortgage services to customers through advanced banking solutions, 47 traditional branches of its locally-branded wholly-owned subsidiary bank, Seacoast Bank, and five commercial banking centers. Offices stretch from Ft. Lauderdale, Boca Raton and West Palm Beach north through the Daytona Beach area, into Orlando and Central Florida, and west to Okeechobee and surrounding counties. More information about the Company is available at SeacoastBanking.com.