UPDATE: Raymond James Downgrades Professional Holding (PFHD) to Market Perform

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Seacoast Announces Agreement to Acquire Professional Holding Corp.

August 8, 2022 8:05 AM EDT

Accelerates Seacoasts Successful Strategy of Expanding its Presence in the Attractive South Florida Market

STUART, Fla.--(BUSINESS WIRE)-- Seacoast Banking Corporation of Florida (Seacoast) (NASDAQ: SBCF), the holding company for Seacoast National Bank (Seacoast Bank), and Professional Holding Corp. (Professional) (NASDAQ: PFHD), parent company of Professional Bank, announced today that they have signed a definitive agreement under which Seacoast will acquire Professional. The proposed transaction will expand Seacoasts footprint in the dynamic tri-county South Florida market, which includes Miami-Dade, Broward, and... More

Seacoast Announces Agreement to Acquire Professional Holding Corp.

August 8, 2022 7:59 AM EDT

STUART, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (Seacoast) (NASDAQ: SBCF), the holding company for Seacoast National Bank (Seacoast Bank), and Professional Holding Corp. (Professional) (NASDAQ: PFHD), parent company of Professional Bank, announced today that they have signed a definitive agreement under which Seacoast will acquire Professional. The proposed transaction will expand Seacoasts footprint in the dynamic tri-county South Florida market, which includes Miami-Dade, Broward, and Palm Beach Counties, the largest MSA in Florida and the eighth largest in the nation.

Professional Bank, the sixth largest... More