Seacoast Banking Corporation of Florida announced Charles (Chuck) M. Shaffer, Seacoast's Chief Executive Officer (CEO), assumed the additional position of Chairman of Seacoast's Board of Directors and the company's principal operating subsidiary, Seacoast National Bank. Dennis S. Hudson III, former Chairman of the Board and CEO, will continue to serve as a member of the Board of the company and the bank, and Christopher E. Fogal will continue to serve as the Board's Lead Independent Director.

“On behalf of Seacoast’s Board, our nearly 1,000 associates and the many customers and communities we serve across Florida, we thank Denny for his outstanding leadership over more than four decades,” Shaffer said. “We are pleased our Board will continue to benefit from his deep market expertise and institutional knowledge. With the support of the Board, I look forward to continuing to execute our balanced growth strategy while building on the strong foundation that has led Seacoast to become Florida’s preeminent community bank.”

In connection with Shaffer’s elevation to Chairman, Hudson stated, “Seacoast has performed admirably since Chuck was appointed President and CEO earlier last year. Under his leadership, Seacoast has continued to deliver increasing tangible book value per share, expanded its presence, both organically and through acquisitions, and capitalized on Florida’s robust economic expansion by making further investments in commercial banking and technology. The Board’s unanimous decision to elect Chuck as Chairman reflects our confidence in his leadership and marks the last step in our methodical succession plan announced in 2020.”

Hudson added, “I look forward to continuing to serve on our Board, extending my family’s long history with Seacoast, which my grandfather chartered in 1926, and my father and uncle led until I became Chairman and CEO in 1992.”