Floridian Financial Group Inc. shareholders desiring input into their benefit choice are reminded that election forms are due 5 p.m. today, as the bank expects to close its merger with Seacoast Banking Corp. of Florida March 11.
Floridian shareholders wishing to make an election to receive the merger consideration in cash or shares of Seacoast common stock, subject to proration, are advised to deliver completed election forms and stock certificates to the Exchange Agent, Continental Stock Transfer & Trust Co., by 5 p.m. Eastern Standard time.
Shareholders who choose not to submit documentation to Continental will not be able to select the method of merger consideration. Shareholders can obtain copies of the election form by calling 772-463-8977.
Seacoast National Bank expects to complete a proposed merger with Floridian Financial Group Inc. through its holding company Seacoast Banking Corp. of Florida.
Seacoast and Floridian expect to complete the proposed merger March 11 subject to the satisfaction of conditions stated in the merger agreement. Holders representing over 70 percent of the shares of Floridian common stock who were entitled to vote on the matter chose to approve the agreement and merger on Nov. 2, 2015.
Seacoast Banking Corp. of Florida is one of the largest community banks with over 40 branches extending from Ft. Lauderdale, Boca Raton and West Palm Beach north through the Space Coast, into Orlando and central Florida, and west to Okeechobee and surrounding areas.