STUART, Fla., May 5 /PRNewswire-FirstCall/ -- Seacoast Banking
Corporation of Florida (Nasdaq: SBCF), a bank holding company whose
principal subsidiary is Seacoast National Bank, today announced that, at
the Company's annual shareholders' meeting yesterday, shareholders
re-elected all nominees for directors.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050916/SEACOASTLOGO )
Shareholders also approved an amendment to the Company's Articles of
Incorporation which increased the authorized shares of Common Stock from
22,000,000 shares to 35,000,000, and increased the Company's total
authorized shares of Common Stock and Preferred Stock to 39,000,000. The
additional shares of Common Stock will be available to meet business
demands, for possible future stock dividends or splits, acquisitions, stock
options and awards, and to support the future growth of the Company.
Seacoast Banking Corporation of Florida has approximately $2.5 billion
in assets. It is one of the largest independent commercial banking
organizations in Florida, with offices from Orlando to Palm Beach,
including some of the wealthiest and fastest growing areas of the nation.
SOURCE Seacoast Banking Corporation of Florida
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Related links:
http://www.seacoastbanking.net
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20050916/SEACOASTLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Dennis S. Hudson, III, Chairman and Chief
Executive Officer, +1-772-288-6086, or William R. Hahl, Executive
Vice President and Chief Financial Officer, +1-772-221-2825, both
of Seacoast Banking Corporation of Florida
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