Sole Placement Agent
Seaside National Bank and Trust
Debt Capital Markets
Subordinated Notes
Transaction Details
- $15 million private placement of subordinated notes
- Kroll Bond Rating Agency investment grade rating of BBB
- The transaction proceeds will be used to fund future growth and for general corporate purposes
About the company
Founded in 2006, Seaside National Bank & Trust is a nationally chartered commercial bank headquartered in Orlando, Florida. With one loan production office and 14 full service offices located in North Florida, Central Florida, West Florida, South Florida and Greater Miami, the bank currently has combined assets in excess of $1.8 billion in on and off balance sheet assets. Seaside offers its clients a complete array of wealth management, insurance and commercial and private banking financial solutions. www.seasidebank.com
Source: Company Annual Report and transaction documents.
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