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Prospect News home > News index > List of issuers S > Headlines for Seacoast Banking Corp. of Florida > News item
Published on 8/31/2009 in the Prospect News Special Situations Daily.

Sandler O'Neill buys 9.84% stake in Seacoast Banking Corp. of Florida

By Lisa Kerner

Charlotte, N.C., Aug. 31 - A group of Seacoast Banking Corp. of Florida investors led by Sandler O'Neill Asset Management, LLC bought 5.2 million shares of the company's stock for an initial 9.84% stake.

The shares were acquired on Aug. 14 for $2.25 each, according to a schedule 13D filed with the Securities and Exchange Commission on Monday.

Seacoast Banking is a Stuart, Fla.-based bank holding company.


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