A Gunster team led by attorneys Gregory K. Bader, Robert B. Lamm, Frederick Brackin, Thomas Hickey, Rick J. Burgess and Michael V. Mitrione recently represented Professional Holding Corp. (Professional) in connection with the negotiation of the definitive merger agreements whereby Professional will be acquired by Seacoast Banking Corporation of Florida and its subsidiary, Seacoast National Bank (Seacoast). Seacoast was represented by Alston & Bird LLP. The deal, valued at approximately $488 million, is expected to close in the first quarter of 2023.
Seacoast is one of the largest banks headquartered in Florida, with approximately $10.8 billion in assets. Professional Bank is the sixth largest bank headquartered in South Florida and operates nine branches across Miami-Dade, Broward and Palm Beach counties, with deposits of approximately $2.4 billion.
The Gunster M&A team continues to excel in helping clients achieve their goals in connection with large and complex corporate deals, having recently represented multiple companies in significant M&A and SPAC-related transactions, including representing HotelPlanner in a three-way merger agreement with Reservations.com and Astrea Acquisition Corp., and representing the seller in connection with the sale of the Architec Housewares business to Bradshaw Home.
Gunster, Florida’s law firm for business, provides full-service legal counsel to leading organizations and individuals from its 11 offices statewide. Established in 1925, the firm has expanded, diversified and evolved, but always with a singular focus: Florida and its clients’ stake in it. A magnet for business-savvy attorneys who embrace collaboration for the greatest advantage of clients, Gunster’s growth has not been at the expense of personalized service but because of it. The firm serves clients from its offices in Boca Raton, Fort Lauderdale, Jacksonville, Miami, Orlando, Palm Beach, Stuart, Tallahassee, Tampa, The Florida Keys, Vero Beach, and its headquarters in West Palm Beach. With more than 220 attorneys and 200 committed support staff, Gunster is ranked among the National Law Journal’s list of the 500 largest law firms and has been recognized as one of the Top 100 Diverse Law Firms by Law360. More information about its practice areas, offices and insider’s view newsletters is available at www.gunster.com.