General

          Seacoast is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”), and its principal subsidiary is Seacoast National Bank (“Seacoast National”). Seacoast National commenced its operations in 1933, and operated prior to 2006 as “First National Bank & Trust Company of the Treasure Coast”.

          Seacoast and its subsidiaries offer a full array of deposit accounts and retail banking services, engages in consumer and commercial lending and provides a wide variety of trust and asset management services, as well as securities and annuity products. Seacoast National had 42 banking offices in 13 counties in Florida at year-end 2006, with plans to open three new branches in 2007.

          Seacoast has 26 branches in the “Treasure Coast,” including the counties of Martin, St. Lucie and Indian River on Florida’s southeastern coast. In April 2005, Seacoast acquired a bank in Orlando, Florida and in April 2006, acquired a bank with nine offices in seven counties, including DeSoto, Glades, Hardee, Hendry, Highlands, Okeechobee, and St. Lucie Counties. The Company operates 42 banking offices in 13 counties. Offices are located in the following cities:
•   five in Stuart,    
•   two in Palm City,    
•   two in Jensen Beach,    
•   one on Hutchinson Island,    
•   one in Hobe Sound,    
•   six in Vero Beach,    
•   two in Sebastian,    
•   five in Port St. Lucie,    
•   two in Ft. Pierce,    
•   five in northern Palm Beach County,    
•   three in Orlando,    
•   two in Okeechobee,    
•   one in Arcadia,    
•   one in Moore Haven,    
•   one in Wauchula,    
•   one in Clewiston,    
•   one in Labelle, and    
•   one in Lake Placid.

Seacoast National opened a loan production office in Brevard County in June 2004, and is opening two banking offices in Brevard County, in February 2007 in the Viera area, and the other later in 2007. Seacoast National intends to further expand its presence into St. Lucie County, with an additional office planned to open in late 2007. See “