TITLE

Novel Capital Deal Gives Seacoast Chance to Buy

AUTHOR(S)
Barba, Robert
PUB. DATE
April 2010
SOURCE
American Banker;4/13/2010, Vol. 175 Issue 56, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Seacoast Banking Corp.'s securing of $50 million in new capital, including $14 million from CapGen Capital Group, makes it more likely that the bank could attempt to acquire Riverside National Bank of Florida. Should Seacoast bid successfully for Riverside, the combined entity could present an obstacle to expansion plans by BankUnited.
ACCESSION #
49149852

 

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