STUART, Fla., Aug. 16 /PRNewswire-FirstCall/ -- The board of directors of
Seacoast Banking Corporation of Florida (Nasdaq: SBCF), a bank holding company
whose banking subsidiaries are First National Bank & Trust Company of the
Treasure Coast and Century National Bank, today announced approval of a
7.1 percent increase in the cash dividend paid on the Company's common stock.
The quarterly dividend will increase to $0.15 from the current $0.14 per share
and the indicated annual rate will increase to $0.60 from $0.56. The dividend
is payable on September 30, 2005 to shareholders of record on September 16,
2005.
Seacoast, with approximately $2.0 billion of assets, is one of the largest
independent commercial banking organizations in Florida. Seacoast is
headquartered on Florida's Treasure Coast, which is one of the wealthiest and
fastest growing areas in the nation.
SOURCE Seacoast Banking Corporation of Florida
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Related links:
http://www.seacoastbanking.net
CONTACT:
Dennis S. Hudson, III, President 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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