This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Seacoast Announces Effectiveness Of Resale Registration Statements Covering Privately Placed Shares Of Common Stock

STUART, Fla., July 22 /PRNewswire-FirstCall/ -- Seacoast Banking Corporation of Florida (the "Company") (Nasdaq: SBCF), a bank holding company whose principal subsidiary is Seacoast National Bank (the "Bank"), announced today that registration statements covering the shares of Company Common Stock sold in private placement have been declared effective by the SEC timely and in accordance with the Company's agreements with its investors.  These include shares issued by the Company in connection with its $50 million private placement of permanent equity capital on April 9, 2010.



Dennis S. Hudson, III, Chairman and CEO of the Company, stated "Seacoast was pleased to have raised the capital in the April offering, and with the continued support of the investors in that offering, including CapGen Financial.  The registration of shares sold in private placements is a customary requirement that enables various of our institutional shareholders to meet their legal and policy limits on the amounts of 'restricted securities' they may hold at any time.  This recent offering and the completion of these registration statements demonstrates the Company's ability to effectively execute capital markets transactions quickly and effectively."

Robert Goldstein, a director of Seacoast and a principal of CapGen, which is the Company's largest shareholder, commented:  "We are delighted with our investment in the Company and bought additional shares in the April offering."

Seacoast Banking Corporation of Florida has approximately $2.2 billion in assets. It is one of the largest independent commercial banking organizations domiciled in Florida, and is headquartered on Florida's Treasure Coast.

Cautionary Notice Regarding Forward-Looking Statements

Certain of the statements made herein are "forward-looking statements," within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SBCF $16.23 0.00%
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs