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Seacoast Signs definitive merger agreement to acquire The BANKshares Inc

Thursday, 24 Apr 2014 05:00pm EDT 

Seacoast Banking Corp:Announces signing of definitive agreement pursuant to which BANKshares will merge with and into Seacoast.Under the terms of the definitive agreement, Seacoast will issue 0.4975 Seacoast shares for each share of BANKshares, or a total of about 7.09 million shares of common stock to BANKshares's shareholders.Transaction will be valued at about $76.1 million.Guggenheim Securities, LLC served as exclusive financial advisor. 

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