Seacoast Banking of Florida in Stuart has agreed to buy Heartland Bancshares in Sebring, Florida. The $15.2 billion-asset Seacoast said in a news release that it will pay $110 million in cash and stock for the $734 million-asset Heartland. The deal, which is expected to close in the third quarter, priced Heartland at 163% of its tangible book value.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
The House Financial Services Committee voted to advance a joint resolution to invalidate the Consumer Financial Protection Bureau’s final rule on overdraft protection.
Iowa Attorney General Brenna Bird announced lawsuits against two cryptocurrency ATM operators over alleged failures that allowed Iowans to transfer millions of dollars to scammers through their kiosks.
Overall economic activity has risen slightly since mid-January, with six of the 12 Federal Reserve districts reporting no change in activity, four reporting modest or moderate growth, and two noting slight contractions, according to the Federal Reserve's second...
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