Seacoast Banking Corp. of Florida has acquired Palm Beach Community Bank, expanding its presence in South Florida
“This is a compelling acquisition that expands our footprint in Palm Beach County, part of Florida's largest MSA,” Seacoast Chairman and CEO Dennis Hudson III said in a press release. “The acquisition of Palm Beach Community Bank increases our market share and gives current and prospective Palm Beach customers immediate access to our products and services, delivered by our knowledgeable local team as well as mobile and online banking, our 24/7 local call center and access to the Publix ATM network.”
Seacoast is one of Florida’s largest community banks and offers a variety of financial services, including commercial and retail banking, mortgages and wealth management, according to the release.
“Our customers will benefit from our combination with Seacoast, a successful community bank with strong local roots,” Cal Cearley, Palm Beach Community Bank CEO, said in the release. “Seacoast's well-established brand, commitment to the communities it serves, and wide range of mobile and digitally enabled products makes them an ideal partner.”