Seacoast Announces Management Appointments

World News: . []

STUART, Fla., May 15, 2019 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (“Seacoast” or “the Company”) (NASDAQ: SBCF) today announced the following refinements to its management organization, effective immediately, continuing to align its experienced leadership team with Seacoast’s long-term strategies.

Dennis S. Hudson, III, Seacoast’s Chairman and Chief Executive Officer, said, “Over the past several years, Seacoast’s successful execution of its balanced growth strategy has transformed our bank. Comprising organic growth, disciplined acquisitions and careful cost controls, our strategy has helped us create significant shareholder value, outperforming peer market indices over one-, two- and three-year time horizons, while earning Seacoast a place last year on Fortune’s 100 Fastest Growing Companies list and the S&P SmallCap 600 index.

“We believe our strategy will continue to serve us well as we attain our Vision 2020 goals and further capitalize on our strategic advantages, including Seacoast’s attractive franchise in the state’s fastest growing markets, including West Palm Beach, Orlando and Tampa, and our customer analytics platform, which continues to be an important part of our value proposition. As we continue to execute our robust business model, we will remain committed to top-tier performance and will maintain our conservative risk profile and discipline.

‘We have an experienced and highly talented management team with the right skills and background to implement our strategy. With today’s announcement, we are taking the opportunity to further refine our management organization to support the execution of our strategy.  These refinements are intended to further enhance Seacoast’s ability to deliver shareholder returns by driving growth and profitability, while also ensuring that our careful risk and expense management culture is maintained.  These changes also further enable me to maintain diligent focus on our overall strategic direction and ensure continued accountability for results.  Our Board and I have high confidence in each of our talented executives.”

Dennis S. Hudson IIIChairman and Chief Executive Officer(772) 288 6086denny.hudson@seacoastbank.com

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Globe Newswire: 21:01 GMT Wednesday 15th May 2019

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