Seacoast Announces Pricing of Common Stock Offering

STUART, Fla., Feb. 15, 2017

The Company will receive gross proceeds from the public offering of approximately $52.3 million.  The net proceeds to the Company, after deducting the underwriting discount, but before expenses, are expected to be approximately $49.4 million.  The Company intends to use the net proceeds from the offering, including any net proceeds from the underwriters' exercise of its option to purchase additional shares, for general corporate purposes, including potential future acquisitions and to support organic growth.  The Company will not receive any proceeds from the sale of the shares by CapGen.

Guggenheim Securities, LLC and Sandler O'Neill & Partners, L.P. are serving as joint book-runners for the offering. Raymond James & Associates, Inc. will serve as lead manager.

The Company expects to close the transaction and deliver the shares, subject to the satisfaction of customary closing conditions, on or about February 21, 2017.

Additional Information Regarding the Offering

The common stock is being offered and sold pursuant to two effective shelf registration statements on Form S-3 (File Nos. 333-194712 and 333-206588) filed by the Company with the Securities and Exchange Commission ("SEC") and only by means of a prospectus supplement and accompanying prospectus relating to the applicable registration statement. A preliminary prospectus supplement and a free writing prospectus have been filed with the SEC to which this communication relates. Prospective investors should read the preliminary prospectus supplement, the free writing prospectus and the accompanying prospectuses and other documents the Company has filed with the SEC for more complete information about the Company and the offering.  These documents are available at no charge by visiting the SEC's website at http://www.sec.gov. Alternatively, copies of the preliminary prospectus supplement, the accompanying prospectuses, the free writing prospectus and, when available, the final prospectus supplement related to the offering may be obtained by contacting: Guggenheim Securities, LLC at Attention: Equity Syndicate Department, 330 Madison Avenue, 8^th Floor, New York, NY 10017, by email at GSEquityProspectusDelivery@guggenheimpartners.com, or by phone at 212-518-9658, or Sandler O'Neill & Partners, L.P., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attn: Syndicate Operations, or by phone at 1-866-805-4128.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any offer or sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.