Seacoast Banking Corporation of Florida announced the completion of its acquisition of Heartland Bancshares, Inc., effective July 11, 2025. The merger of Heartland National Bank with and into Seacoast Bank was also effective on the same date.
The total consideration for the acquisition was approximately $111.2 million. Heartland contributed approximately $665.9 million in deposits and $156.6 million in total consolidated net loans as of March 31, 2025.
This acquisition expands Seacoast's presence in Central Florida, particularly in Highlands County where Heartland held a leading deposit market share. Integration activities, including system conversion, are expected to be finalized later in the third quarter of 2025.
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