Seacoast Banking files $40 million shelf registration

By Devika Patel

Knoxville, Tenn., May 23 - Seacoast Banking Corp. of Florida filed a $40 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers senior debt securities, subordinated debt securities, junior subordinated debt securities, preferred stock, depository shares, common stock, purchase contracts, units, warrants, rights and guarantees.

The preferreds and debt securities may be convertible.

Use of proceeds will be specified in the applicable prospectus supplement.

Stuart, Fla.-based Seacoast Banking is a bank holding company that operates through its principal subsidiary, Seacoast National Bank, to offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending and provide a variety of trust and asset management services, as well as securities and annuity products.

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