Sarasota bank sale, a $54 million deal, closes

Seacoast Banking Corp. of Florida has completed the purchase of Sarasota-based Sabal Palm Bank.

  • By Business Observer Staff
  • | 12:48 p.m. January 4, 2022
FILE: Sale of Sabal Palm Bank is complete.
FILE: Sale of Sabal Palm Bank is complete.
  • Manatee-Sarasota
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SARASOTA — Seacoast Banking Corp. of Florida has completed the purchase of Sarasota-based Sabal Palm Bancorp Inc. — parent company of Sabal Palm Bank — and Melbourne-based Business Bank of Florida — the parent of Florida Business Bank.

 

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