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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