STUART, Fla., June 22 /PRNewswire-FirstCall/ -- The board of directors
of Seacoast Banking Corporation of Florida (Nasdaq: SBCF), a bank holding
company whose principal subsidiary is Seacoast National Bank, elected Edwin
E. Walpole, III to the Board on June 20, 2006. Mr. Walpole is president and
owner of Walpole Inc., a trucking transportation company in Okeechobee,
Florida, covering the Southeastern U.S. He will serve as a Class III
director, with an initial term expiring at the Company's 2008 annual
meeting of shareholders.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050916/SEACOASTLOGO )
Walpole is the former Chairman and CEO of Big Lake Financial
Corporation, which was acquired by Seacoast on April 1, 2006. Walpole is
the retired president of three other South/Central Florida corporations:
Ft. Drum Corporation, Walpole Leasing, and Seminole Land and Cattle. He is
a member and past president of the Okeechobee Economic Council; a member
and past president of Florida Trucking Association; a member of the
American Trucking Association; and a member and board trustee of Murray
State University where he earned a Bachelor of Science degree in
Agriculture. Walpole lives in Okeechobee with his wife Donna. They have
seven children.
"Ed Walpole's extensive business experience and his knowledge of our
markets will be invaluable to us in the years ahead," commented Dennis S.
Hudson, III, Chairman and Chief Executive Officer of Seacoast.
The election of Walpole to the Seacoast Banking Corporation board
follows the previously announced retirement of Evans Crary, Jr., who was
elected to the board in 1983, the year the holding company was formed. He
has also served as a director for Seacoast National Bank since 1960. Mr.
Crary is a retired partner of Crary, Buchanan, Bowdish, Bovie, Beres, Elder
& Thomas, Chartered (Crary-Buchanan), a law firm located in Stuart,
Florida. Crary has practiced law in Stuart, Florida since 1952.
Mr. Hudson said, "Our board of directors would like to again express
our heartfelt appreciation to Evans Crary Jr. for his many years of
dedicated service, his outstanding leadership and his many contributions to
our company and its shareholders, associates and communities."
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
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CONTACT:
Dennis S. Hudson, III, Chairman and Chief
Executive Officer. Seacoast Banking Corporation of Florida,
+1-772-288-6086
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