Freedom Bank sets date for shareholder vote on acquisition
June 25, 2020 - Shareholders of Fourth Street Banking Co. will vote Aug. 18 on the sale of the company to Seacoast Banking Corp. of Florida. The special meeting of shareholders to vote on the deal will be held at Freedom Bank at 1200 4th St. N. in St. Petersburg. That's the main office of Freedom Bank, Fourth Street Banking Co.'s subsidiary. Seacoast (Nasdaq: SBCF), headquartered in Stuart and the parent of Seacoast National Bank, announced earlier this year that it would buy Fourth Street Banking and Freedom Bank in a stock deal originally valued at $63.6 million. The bank intends to hold the special meeting in person, but is monitoring the COVID-19 situation and may announce alternative arrangements, it said in a proxy filed June 23 with the U.S. Securities and Exchange Commission.