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Seacoast Banking (NASDAQ:SBCF) to acquire Sabal Palm Bancorp, parent company of Sabal Palm Bank based in Sarasota, FL and Business Bank of Florida, parent company of Florida Business Bank based in Melbourne. Transactions will deepen presence in Brevard County and banks will merge with and into Seacoast Bank. Sabal Palm Bank has ~$377M deposits and loans of $272M as of June 30, 2021. Florida Business Bank has ~$166M deposits and loans of $136M as of the same period. A quick look at the bank's recent quarterly performance.