Seacoast Banking Corporation of Florida, the holding company for Seacoast Bank, entered into agreements to acquire Sabal Palm Bancorp, parent company of Sabal Palm Bank, and Business Bank of Florida, parent company of Florida Business Bank.
United Community Banks and Aquesta Financial Holdings entered into a definitive agreement for United to acquire Aquesta, including its wholly-owned subsidiary, Aquesta Bank. The transaction is valued at approximately $131 million.
Hovde Group has formed a new practice to provide financial strategy advisory services to regional and community banks. Industry veteran Ray Chandonnet will lead this new venture.
Solar Capital Partners and its affiliates will fund $30 million in second lien debt financing for BAMFi, a provider of fintech solutions. Hovde Group served as sole arranger and placement agent on the transaction.
Hovde Group formed a new practice to advise specialty finance companies, led by Tim Stute as managing director and head of Specialty Finance. Stute will be joined by T.J. Humes as director.
Jonathan Knauss joined the Hovde Group as managing director and head of its Diversified Financials Group responsible for leading the firm’s efforts in specialty finance, financial technology and asset management.