Item 1.01. Entry into a Material Definitive Agreement.
On August 14, 2009, Seacoast Banking Corporation of Florida (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Sandler O'Neill & Partners, L.P., as representative of the underwriters (the "Underwriters"), relating to the sale of 29,300,000 shares of the Company's common stock, par value $0.10 per share (the "Common Stock"), plus up to an additional 4,375,000 shares of Common Stock if the Underwriters exercise their 30-day option to purchase additional shares to cover over-allotments, if any, at a public offering price of $2.25 per share. The Underwriting Agreement contains other terms and conditions that are generally customary for transactions of this nature. The transactions contemplated by the Underwriting Agreement are expected to close on August 19, 2009. The net proceeds from this offering, after deducting underwriting discounts and commissions but before estimated offering expenses, are expected to be approximately $62.0 million (or approximately $71.2 million if the Underwriters exercise their over-allotment option in full).
The foregoing description of the terms of the Underwriting Agreement is qualified in its entirety by reference to the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The offering is being made pursuant to effective registration statements filed on Form S-1 (File Nos. 333-160133 and 333-161353) with the Securities and Exchange Commission (the "SEC"), as supplemented by a final prospectus dated August 14, 2009, filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended.
Item 8.01. Other Events.
On August 14, 2009, the Company issued a press release announcing that it has priced the offering described in Item 1.01 above. A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.

Exhibit Number Description 1.1 Underwriting Agreement dated August 14, 2009, by and between Seacoast Banking Corporation of Florida and Sandler O'Neill & Partners, L.P. 99.1 Press Release of Seacoast Banking Corporation of Florida issued August 14, 2009.

---