Sarasota bank acquired in nearly $54 million deal

Seacoast announced the acquisition of Sabal Palm is expected to wrap up early next year.

  • By Business Observer Staff
  • | 5:58 p.m. August 23, 2021
File. Seacoast Banking Corporation of Florida announced Monday that it's set to acquire Sarasota-based Sabal Palm Bancorp Inc. by the beginning of next year.
File. Seacoast Banking Corporation of Florida announced Monday that it's set to acquire Sarasota-based Sabal Palm Bancorp Inc. by the beginning of next year.
  • Manatee-Sarasota
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SARASOTA — Seacoast Banking Corp. of Florida announced Monday, Aug. 23 that it has acquired Sarasota-based Sabal Palm Bancorp Inc., parent company of Sabal Palm Bank, in a deal valued at $53.9 million.

 

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