M&A Deal Summary |
|
|---|---|
| Date | 2022-05-04 |
| Target | Drummond Community Bank |
| Sector | Financial Services |
| Buyer(s) | Seacoast Bank |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Hovde Group LLC (Financial) Smith Mackinnon PA (Legal) |
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| Category | Company |
|---|---|
| Founded | 1926 |
| Sector | Financial Services |
| Employees | 965 |
| Revenue | 432M USD (2022) |
Seacoast Bank is a provider of financial services including commercial and retail banking, wealth management, and mortgage services to customers through 34 traditional branches of its locally-branded wholly-owned subsidiary bank, Seacoast National Bank, and five Accelerate offices fueled by the power of Seacoast National Bank. Seacoast Bank was founded in 1926 and is based in Stuart, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 15 |
| Sector (Financial Services) | 12 of 13 |
| Type (Add-on Acquisition) | 12 of 13 |
| State (Florida) | 13 of 14 |
| Country (United States) | 14 of 15 |
| Year (2022) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-29 |
Apollo Bank
Miami, Florida, United States Apollo Bank operates five branches across Miami-Dade County with deposits of approximately $928 million and loans of $665 million as of December 31. Apollo Bank was founded in 2001 and is based in Miami, Florida. |
Buy | $168M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-08 |
Professional Bank
Coral Gables, Florida, United States Professional Bank is a financial holding company designed for the business challenges faced by professionals and entrepreneurs, and its bankers are business-savvy and bring originality to problem-solving all with high-touch personal service. The company's lending products comprise commercial loans, residential mortgage loans, home equity lines of credit, installment loans, and consumer lines of credit. Professional Bank was founded in 2008 and is based in Coral Gables, Florida. |
Buy | $489M |
