Locally owned bank acquired for $63.6M

Seacoast Bank continues push into Tampa Bay market with takeover of St. Petersburg-based Freedom Bank.

  • By Business Observer Staff
  • | 9:18 a.m. January 24, 2020
File. Cathy Swanson presided over Freedom Bank as CEO. She will remain with Seacoast Bank as Pinellas County market president.
File. Cathy Swanson presided over Freedom Bank as CEO. She will remain with Seacoast Bank as Pinellas County market president.
  • Tampa Bay-Lakeland
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ST. PETERSBURG — Stuart-based Seacoast Bank has acquired Freedom Bank, a locally owned bank headquartered in St. Petersburg, for $63.6 million. The deal represents Seacoast’s third acquisition in the Tampa-St. Petersburg metropolitan statistical area (MSA) in the past three years.

 

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