Important Notice to Our Valued Customers

December 20, 2019

Dear Valued Customer,

We are pleased and excited to inform you that we recently signed an agreement to merge with Seacoast Banking Corporation of Florida, parent company to Seacoast Bank.

The proposed merger will greatly benefit our customers and employees with expanded branch locations and additional services, including a Florida-based customer service center, 1,100+ fee-free Publix® ATMs, wealth advisory, trust and estate planning, and investment management.

First Bank of the Palm Beaches customers are our first priority. You will be able to continue banking as normal. Our conversion teams will be working behind-the-scenes to make the merger as convenient as possible for all. If you have questions regarding the transition, reach out to your local branch for assistance.

To assist you in this transition, we are providing an “Answers to Your Merger Questions” sheet attached within, as well as a website link

The website will continue to be updated with the latest information available regarding the transition. Seacoast Bank has had a strong, stable presence in Florida since 1926. They truly care about the communities they serve, and are dedicated to helping local businesses and neighbors prosper.

Together, we look forward to offering all the banking products and conveniences you expect, delivered with unparalleled personal service, and a host of smart technologies guiding us into the future.


Jay Shearouse's Signature

Joseph B. Shearouse, III Chairman & CEO, First Bank of the Palm Beaches

Answers to Your Merger Questions

Q: Who is Seacoast Bank?
A. Since 1926, Seacoast Bank has had a strong, stable presence with deep roots in the neighborhoods they serve and a secure place in the hearts of their customers. Seacoast is the #2 Florida based bank in Palm Beach County,
the #1 Florida based bank in Orlando, and the #1 Florida based bank in Port St. Lucie/Treasure Coast area, with a growing presence in the Tampa/St. Petersburg area.

Seacoast is a third generation, family influenced bank with over 800 associates and $6.9 billion in assets.

For more than 90 years, our commitment to customers remains the same and is summarized by our 4 Promises.
• Get you comfortable with the right products and the right team to serve you
• Make your day-to-day banking simple
• Resolve out-of-the-ordinary items responsively
• Invest in you and your community.

Learn more about Seacoast Bank by visiting

Q. When is the sale expected to close?
A: The sale is expected to close late in the first quarter of 2020. The date of customer account conversion will be mutually determined as we approach the sale date. As we approach conversion in March, you will receive a
welcome packet including details about your account and any additional banking options available to you.

Q: How will customers benefit from the proposed merger?
A: The proposed merger will greatly benefit our customers and employees with the added convenience of more branches, more ATMs, and a wider array of financial solutions including Wealth Management, Residential Lending and a dedicated business banking team.

When you bank with Seacoast you have options.
• Live Florida-based Telephone Banking Representatives to assist with account servicing
• Fee-Free access to over 1,100 Publix® ATMs
• 48 Seacoast Bank Branches in 15 counties
• Online and Mobile Banking with digital check deposit capabilities
• Deposit, transfer funds and access cash using any of our 50+ Seacoast Bank ATMs
• Access your accounts 24/7 with automated phone service, FastLane

Q: What should customers do right now?
A: You should continue banking as normal. Seacoast Bank and First Bank of the Palm Beaches teams are working together to make this transition as smooth as possible for you. We will be sending out detailed information regarding your account(s) in the near future.

Q: Will customer account numbers and product types change?
A: More information will be coming soon as our teams finalize the transition plan. Account numbers and product types will not change at this time. Everything is business as usual.

Q: Are customer deposits FDIC insured?
A: Yes. Just as your deposits are insured with First Bank of the Palm Beaches, FDIC insurance will continue at Seacoast Bank.

Q: Can I start using Seacoast Bank offices now?
A: No. Until the merger is completed, First Bank of the Palm Beaches customers are not yet customers of Seacoast Bank.