Seacoast Banking receives approval for acquisition of Heartland Bancshares

Seacoast Banking (SBCF) announced that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved Seacoast’s application with respect to Seacoast’s previously announced acquisition of Heartland Bancshares and Seacoast Bank’s application with respect to the merger of Heartland National Bank with and into Seacoast Bank. All required regulatory approvals to complete the transaction have now been received, and the transaction is expected to close on or around July 11 subject to the satisfaction of customary closing conditions, including approval of the shareholders of Heartland Bancshares.