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Seacoast Banking Acquires Villages Bancorporation
Seacoast Banking Acquires Villages Bancorporation

Yahoo

time5 days ago

  • Business
  • Yahoo

Seacoast Banking Acquires Villages Bancorporation

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) recently disclosed the acquisition of Villages Bancorporation, Inc. (VBI), the parent company of Citizens First Bank, for an estimated $710.8 million. A financial advisor leading a client meeting, explaining different investment options in detail. Through a proration mechanism, VBI stockholders will get a combination of $1,000 in cash and 38.5 Seacoast Banking Corporation of Florida (NASDAQ:SBCF) shares per share, guaranteeing 25% cash and 75% stock. The transaction is scheduled to wrap up in Q4 2025 and be 22% EPS accretive by 2026, with a tangible book value earnback in less than three years. VBI has $1.3 billion in loans, $3.5 billion in deposits, and $4.1 billion in assets throughout its 19 branches. It owns a deposit share of more than 50% in the Wildwood-The Villages MSA. The Villages, a high-growth Florida town of 150,000 people, offers a strategic expansion opportunity. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) will have $21 billion in pro forma assets after the VBI and Heartland Bancshares transactions. While we acknowledge the potential of SBCF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SBCF and that has 100x upside potential, check out our report about this READ NEXT: and .

Rescued twin brown bear cubs find forever home in Devon
Rescued twin brown bear cubs find forever home in Devon

BBC News

time28-05-2025

  • General
  • BBC News

Rescued twin brown bear cubs find forever home in Devon

Two brown bear cubs thought to be war refugees have travelled hundreds of miles across borders to reach a forever home in a Devon two-year-old siblings, Malenky and Nanuq, are in Wildwood, where director of zoo operations Mark Habben said they were "thrilled" to welcome the duo who would be offered a "safe, enriched environment to thrive". They were born in Belgium after their mother was rescued from the front line in Ukraine, but were believed to have been conceived in Ukraine, staff said. Wildwood has now rescued and rehabilitated eight brown bears from hardship, but said it relied on public support, as caring for each rescued bear cost about £70,000 a year. The cubs arrived at their new home in Ottery St Mary on Tuesday after a long journey from De Zonnegloed Wild Animal Sanctuary. The pair's arrival was described a "heartwarming milestone" in their journey of survival, after their mother had been smuggled out in the back of a van to escape shelling in Habben said his colleagues in Belgium did an "incredible job" caring for Malenky and Nanuq, but, due to a lack of space and resources, were not able to provide a future the cubs deserved."We're thrilled to welcome them to Wildwood, where we can provide them with a safe, enriched environment to thrive under the watch of our expert keepers," he added staff would help the pair settle in the coming weeks. 'Rescue work matters' Malenky and Nanuq are sharing their new home with another rescued sibling duo, brown bears Mish and Lucy, who were rescued from Albania in Whitfield, director general of the Wildwood Trust, said they relied on the public's support to help more bears like Malenky and said: "Every rescued bear needs food, shelter, medical care, and enrichment. We spend around £70,000 a year caring for each rescued bear, which is why fundraising is essential to everything we do."All the bears at Wildwood have come from unimaginable hardship. Malenky and Nanuq represent not just survival, but the growing threat to wildlife around the world. "Their story reminds us why rescue work matters - and why we must act."He added that staff were "incredibly excited" for visitors to meet the newest members of the Wildwood family.

The Doo Wop Experience Museum in New Jersey "tells the story of the Wildwoods"
The Doo Wop Experience Museum in New Jersey "tells the story of the Wildwoods"

CBS News

time24-05-2025

  • Entertainment
  • CBS News

The Doo Wop Experience Museum in New Jersey "tells the story of the Wildwoods"

Marked with a neon sign, Wildwood's Doo Wop Experience Museum tells the story of the shore town Marked with a neon sign, Wildwood's Doo Wop Experience Museum tells the story of the shore town Marked with a neon sign, Wildwood's Doo Wop Experience Museum tells the story of the shore town The Wildwoods is known for its wide beaches, lively boardwalk and being a haven for "Doo Wop" fans. Once on the island, it is hard to miss this funky, colorful architecture synonymous with the Wildwoods. "We like to think it's still in its heyday," John Donio, the President of the Doo Wop Preservation League, said. "Our collection is one of the finest on the entire East Coast, right here in Wildwood." Marked by a neon sign garden, the Doo Wop Experience Museum sits across from the Wildwoods Convention Center in Fox Park. Inside, the museum houses dozens of items. The building used to be the iconic Surfside Diner. "We've been lucky to get different people to donate neon signs, furniture, bicycles, period pieces," Donio said. Karen Samuels serves as the tour guide for the Guided Trolley Tour. "I grew up in the 50s and 60s, and that's what the tour is all about," Samuels said. "It's a midcentury architecture and music scene of the Doo Wop history." The museum is free, and starting next month, it will be open Thursday through Sunday until Labor Day weekend. "This tells the story of the Wildwoods. It's the fabric of our community," Donio said. It's the community that's kept doo wop alive and well.

Visitors flock to Wildwood, New Jersey, for Memorial Day Weekend – the unofficial start to summer
Visitors flock to Wildwood, New Jersey, for Memorial Day Weekend – the unofficial start to summer

CBS News

time24-05-2025

  • Entertainment
  • CBS News

Visitors flock to Wildwood, New Jersey, for Memorial Day Weekend – the unofficial start to summer

It's the unofficial start to summer, plus the International Kite Festival in Wildwood, New Jersey It's the unofficial start to summer, plus the International Kite Festival in Wildwood, New Jersey It's the unofficial start to summer, plus the International Kite Festival in Wildwood, New Jersey Those Wildwood days are back again! The iconic tram cars are moving, and families are once again filling the boardwalk, making memories at the beginning of a new season down the shore. "It's the ocean, it's the restaurants, it's the amusement parks – Morey's Piers has been here as long as we have," said Calvin Price, who has been coming to Wildwood for 50 years with his family. Price drove from Connecticut on Thursday afternoon to beat the traffic. He enjoyed a walk on the boards on Friday, and his grandson, Oscar, is helping to carry on the tradition. "I'm looking forward to doing whatever my Poppop had planned and go to the boardwalk and have fun," said Oscar Brennan. The Wildwoods unlocked the ocean Friday morning. The festivities kicked off with a moving Flags of Liberty Ceremony to highlight the true meaning of Memorial Day. More than 125 casket flags were unfurled around the Convention Center, which represented deceased veterans. Lori Stokes-Powers remembered her father, who served in WWII. "It means so much to us, I personally think we can never do enough for the veterans," Stokes-Powers said. "We should always take care of them, whatever they need, take care of them for what they've done for us, we wouldn't have the life we have without them," said Ted Powers. Inside the Convention Center, second graders from the island's schools made kites and then made their way onto the sand to help kick off the International Kite Festival. This is the 39th year of the festival, and all different colors, shapes, and sizes took flight, another tradition helping the Wildwoods come alive this weekend "As soon as the traffic lights go back on we know it's time to kick into high gear, get ready for our guests to come down and visit us and make sure everybody has a spectacular summer that they're used to," said Louis Belasco, executive director of the Greater Wildwood Tourism Authority.

Experience Wildwood's free family fun this summer season in New Jersey
Experience Wildwood's free family fun this summer season in New Jersey

CBS News

time23-05-2025

  • CBS News

Experience Wildwood's free family fun this summer season in New Jersey

Free family fun in Wildwood, NJ extends far beyond the beach Free family fun in Wildwood, NJ extends far beyond the beach Free family fun in Wildwood, NJ extends far beyond the beach Sun, surf, and plenty of sand. The Wildwoods offer five miles of sun-soaked beaches and no beach tags are required. "Unlike most of New Jersey, there's no beach tag necessary. You can bring your family down enjoy a great day at the beach," said Louis Belasco, executive director of Greater Wildwoods Tourism Authority. Throughout the summer season, visitors can enjoy activities in Downtown Wildwood like free Tuesday night movies and Thursday night concerts at Byrne Plaza, along with a number of free festivals around town, plus free fireworks every Friday night. "We have so much free things to do that a family can really defray a lot of the costs of their vacation, by taking advantage of all the great free things we have," said Ben Rose, director of marketing & public relations of Greater Wildwoods Tourism Authority. Fun for families at Sunrise Park Located along the beach edge of Wildwood Crest between Rambler Road and Lotus Road. This popular stop features a large playground for kids of all ages, a spray ground and an outdoor fitness center for adults. "You're never more than a few short blocks to a playground on this island," said Belasco. A beach for your furry friends Even dogs can enjoy the sand and the ocean. Wildwood has a free dog park and beach from Maple to Glenwood avenues. Enter under the boardwalk at Maple Avenue. The dog park is open daily, and the dog beach is open from dawn to dusk. "Wildwood definitely surpasses other beaches in terms of dog friendliness and the length of the beach," said Delaware resident Elise Conner. Bikeability at its best Explore the Wildwoods with a scenic, 10-mile round-trip bike path adventure from the southern dunes onto the boardwalk to the seawall in North Wildwood. "We coined the phrase 'bikeability' because the Wildwoods have the greatest bike path," said Rose. "It's great to bike here and no hills!" said Pennsylvania resident Betsy Medon. Need wheels? D.R. Bradley's has you covered. Rent a bike from a local business that has served the Wildwoods for over 20 years. "It's just the best way to go around and see the Wildwoods," said owner Dan Bradley.

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