Seacoast Banking Corporation of Florida announced that it has received all necessary regulatory approvals for its previously announced acquisition of Villages Bancorporation, Inc. (VBI). The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency granted their approvals.
These approvals clear a significant condition for the completion of the transaction. The merger of Citizens First Bank, VBI's banking subsidiary, with and into Seacoast Bank also received approval.
The acquisition is expected to close in the fourth quarter of 2025, subject to the approval of VBI shareholders and other customary closing conditions.
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