Seacoast completes redemption of $50 million of series A preferreds

By Jennifer Chiou

New York, Jan. 2 - Seacoast Banking Corp. of Florida said it has redeemed all $50 million of its series A fixed-rate cumulative perpetual preferred stock.

According to a press release, the preferreds were redeemed on Dec. 31 at par plus about $368,000 of accrued dividends.

The securities were originally issued to the Treasury Department under the Capital Purchase Program and subsequently auctioned to private investors.

Stuart, Fla.-based Seacoast Banking is a bank holding company.

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