Every new experience comes with its fair share of questions. Here’s where you can find the most helpful answers to guide you through the upcoming transition.
Answers To Your Merger Questions
Seacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida. Seacoast provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at over 55 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida.
As of March 31, 2022 Seacoast Bank had over 1,000 associates, $10.9 billion in assets, and $9.2 billion in deposits.
For nearly a century, Seacoast Bank’s commitment to customers has remained the same and is summarized by its Four Promises.
Learn more about Seacoast Bank by visiting SeacoastBank.com
The merger is expected to close later this year (early in fourth quarter of 2022). The date of customer account conversion will be mutually determined as we approach the merger date, but is anticipated to be in the first quarter of 2023. As we approach conversion, you will receive a welcome packet including details about your account and any additional banking options available to you.
The proposed merger will greatly benefit our customers and associates with the added convenience of more branches, more ATMs, and a wider array of financial solutions, including leading online and mobile banking capabilities.
You should continue banking as normal. Seacoast Bank and Drummond Community Bank teams are working together to make this transition as smooth as possible for you.
More information will be coming soon as our teams finalize the transition plan. Account numbers and product types will not change at this time. Everything is business as usual.
Yes. Just as your deposits are insured with Drummond Community Bank, FDIC insurance will continue at Seacoast Bank.
No. Until the customer account conversion is completed, Drummond Community Bank customers should continue to utilize Drummond Community Bank branches for their banking needs.