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Press Release

Seacoast Board Declares Third Quarter Dividend

Company Release - 8/15/2006 11:42 AM ET

STUART, Fla., Aug. 15 /PRNewswire-FirstCall/ -- The board of directors of Seacoast Banking Corporation of Florida (Nasdaq: SBCF), a bank holding company whose principal banking subsidiary is Seacoast National Bank, today declared a third 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 September 29, 2006 to shareholders of record on September 15, 2006.

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

Headquartered in Stuart, Florida, Seacoast has approximately $2.4 billion in assets and ranks among the largest publicly traded community banks in the state of Florida. With 41 offices from Orlando to Palm Beach, its markets include some of the wealthiest and fastest growing areas of the nation.

SOURCE Seacoast Banking Corporation of Florida

Contact: Dennis S. Hudson, III, Chairman and Chief Executive Officer, +1-772-288-6086, or William R. Hahl, Executive Vice President and Chief Financial Officer, +1-772-221-2825, both of Seacoast Banking Corporation of Florida