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.
Seacoast Banking Corporation of Florida added James Norton as executive vice president and commercial real estate executive, Chris Rolle as president of the west Florida region and Robert Hursh as market president for Pinellas County in Florida.
Seacoast Banking Corporation of Florida hired Richard Raiford as executive vice president and chief credit officer. David Houdeshell, currently executive vice president and chief credit officer, will assume a newly created role leading the company’s credit analytics and policy division.
Seacoast Banking Corporation of Florida hired Austen Carroll as executive vice president and chief lending officer and promoted Julie Kleffel to chief banking officer.
Seacoast Banking promoted Charles Shaffer to president and COO. In addition, Shaffer will become CEO in December. The company also promoted Tracey Dexter to EVP and CFO and Jennings Walker to EVP, treasurer and director of corporate strategy.
Seacoast Banking Corporation of Florida has purchased certain assets, factored receivables and employee expertise of First Growth Capital, a commercial accounts receivable funding and small asset based facility group.