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Seacoast Board Declares Second Quarter Dividend

Company Release - 5/17/2006 12:04 PM ET

STUART, Fla., May 17 /PRNewswire-FirstCall/ -- The board of directors of Seacoast Banking Corporation of Florida (Nasdaq: SBCF), a bank holding company whose banking subsidiaries are Seacoast National Bank and Century National Bank, yesterday declared a second quarter cash dividend on the Company's common stock of $0.15 per share, an indicated annual dividend of $0.60. The dividend is payable on June 30, 2006 to shareholders of record on June 16, 2006.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050916/SEACOASTLOGO )

Seacoast, with approximately $2.5 billion of assets, is one of the largest independent commercial banking organizations in Florida. Seacoast is headquartered on Florida's Treasure Coast, which is one of the wealthiest and fastest growing areas in the nation.

SOURCE  Seacoast Banking Corporation of Florida
    -0-                             05/17/2006
    /CONTACT:  Dennis S. Hudson, III, Chairman and Chief Executive Officer,
+1-772-288-6086, or William R. Hahl, Executive Vice President, Chief Financial
Officer, +1-772-221-2825, both of Seacoast Banking Corporation of Florida/
    /Photo:  http://www.newscom.com/cgi-bin/prnh/20050916/SEACOASTLOGO
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, photodesk@prnewswire.com /
    /Web site:  http://www.seacoastbanking.net /
    (SBCF)

CO:  Seacoast Banking Corporation of Florida
ST:  Florida
IN:  FIN
SU:  DIV

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0931 05/17/200612:04 EDThttp://www.prnewswire.com