SEACOAST BANKING CORP OF FLORIDA: Completion of Acquisition or Disposal of Assets, Other Events, Financial Statements and Exhibits (Form 8-K)

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Item 2.01 Completion of Acquisition or Disposal of Assets.

Effective October 7, 2022, Seacoast Banking Corporation of Florida ("Seacoast"
or the "Company") and Seacoast's wholly-owned subsidiary Seacoast National Bank,
completed the previously announced mergers (the "Mergers") with Apollo
Bancshares, Inc. ("Apollo"), parent company of Apollo Bank, and Drummond Banking
Company ("Drummond"), parent company of Drummond Community Bank. At the
effective time of the Mergers (the "Effective Time"), each of Apollo and
Drummond merged with and into Seacoast, and each of Apollo Bank and Drummond
Community Bank merged with and into Seacoast National Bank, pursuant to the
terms and conditions of the Agreement and Plan of Merger by and among Seacoast,
Seacoast National Bank, Apollo and Apollo Bank, dated as of March 29, 2022 (the
"Apollo Merger Agreement"), and of the Agreement and Plan of Merger by and among
Seacoast, Seacoast National Bank, Drummond and Drummond Community Bank, dated as
of May 4, 2022 (the "Drummond Merger Agreement").

Pursuant to the Apollo Merger Agreement, holders of Apollo common stock received
1.006529 shares (the "Exchange Ratio") of Seacoast common stock (subject to the
payment of cash in lieu of fractional shares) for each share of Apollo common
stock held immediately prior to the Effective Time. The minority interest
holders in Apollo Bank received 1.195651 shares of Seacoast common stock for
each share of Apollo Bank common stock. Each share of Seacoast common stock
outstanding immediately prior to the Merger remained outstanding and was
unaffected by the Merger. Also at the Effective Time, each Apollo option ceased
to be outstanding, and, in consideration therefor, Seacoast granted to each
holder of Apollo options, as of the Effective Time, an option to purchase shares
of Seacoast common stock on the same terms and conditions as applicable to each
such Apollo option as in effect immediately prior to the Effective Time, with
the number of shares underlying each such option and the applicable exercise
price adjusted based on the Exchange Ratio.

Under the terms of the Drummond Merger Agreement, holders of Drummond common
stock received 51.9561 shares of Seacoast common stock (subject to the payment
of cash in lieu of fractional shares) for each share of Drummond common stock
held immediately prior to the Effective Time. Each share of Seacoast common
stock outstanding immediately prior to the Merger remained outstanding and was
unaffected by the Merger.

The above description of the Mergers and Merger Agreements does not purport to be complete and is qualified in its entirety by reference to the Merger Agreements, which are included in Exhibits 2.1 and 2.2 to this Current Report on Form 8-K and are incorporated herein by reference.

Section 8.01 Other Events.

On October 7, 2022, the Company issued a press release announcing the completion
of the Mergers. A copy of the press release is included as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated by reference herein.


Item 9.01 Financial statements and supporting documents

(a) Exhibits

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Exhibit No.                 Description
                              Agreement and Plan of Merger    ,     d    ated March 29, 2022 by and
2.1                         among the Company, Seacoast     National     

Bank, Apollo Bancshares, Inc.

                            and Apollo Bank incorporated herein by 

reference of part 2.1 to the

                            Company's Form 8-K, filed     April     1    , 2022
                              Agreement and Plan of Merger, dated     M    ay 4, 2022, by and among
2.2                             the Company    , Seacoast     National     Bank, Drummond Banking
                            Company and Drummond Community Bank

incorporated herein by reference to

                            Exhibit 2.1 to the Company's Form 8-K, filed May 10, 2022
99.1                          Press Release dated October 7, 2022
104                         Cover Page Interactive Data File (embedded within the Inline XBRL
                            document)


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