Seacoast calls all $50 million cumulative perpetual preferreds

By Marisa Wong

Madison, Wis., Dec. 2 - Seacoast Banking Corp. of Florida issued a redemption notice for all 2,000 shares of its fixed-rate cumulative perpetual preferred stock, series A, according to an 8-K filing with the Securities and Exchange Commission.

The preferreds will be redeemed for an aggregate price of $50 million, the face liquidation amount of the shares, plus about $386,000 of accrued dividends.

The redemption date is expected to be Dec. 31.

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

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