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Seacoast Banking closes deal for GulfShore Bancshares

Stuart, Fla.-based Seacoast Banking Corp. of Florida completed the purchase of Tampa, Fla.-based GulfShore Bancshares Inc., effective April 7.

As part of the deal, GulfShore Bank merged with and into Seacoast National Bank.

The acquisition of GulfShore Bank brings Seacoast's total assets to approximately $5.0 billion as of March 31, by adding about $343 million in assets, $290 million in deposits and $258 million in loans.