Terence Channon
Special situations, contrarian, hedge fund manager

Seacoast Banking Corporation Of Florida's Board Realignment Could Mean Philosophical Transition

Out with the old and in with the new is nothing new. A recent look at the composition of the board of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) suggests that we may be seeing a transition of leadership & corporate oversight - and more importantly for shareholders, pursuit of a new value creation plan.

SBCF is a community bank primarily serving the counties of St. Lucie, Martin and Indian River - 20 of its 34 traditional branches are within these three counties. The bank also has branches in Okeechobee, Brevard, DeSoto, Glades, Hendry, Highlands, Orange and Palm Beach counties. SBCF also operates a handful of Accelerate Business locations - these are in an effort to provide business banking...

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