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Press Release

Seacoast Board Declares Second Quarter Dividend

Company Release - 5/20/2008 4:06 PM ET

STUART, Fla., May 20 /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 second quarter cash dividend on the Company's common stock of $0.16 per share, an indicated annual dividend of $0.64. The dividend is payable on June 30, 2008 to shareholders of record on June 20, 2008.

(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 43 offices in South and Central Florida, Seacoast's 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, +1-772-288-6085, William R. Hahl, Executive Vice President and Chief Financial Officer, +1-772-221-2825, both of Seacoast Banking Corporation of Florida