STUART, FL., February 20, 2008 ¿ The board of directors of Seacoast Banking Corporation of Florida (NASDAQ-NMS:SBCF), a bank holding company whose principal banking subsidiary is Seacoast National Bank, yesterday declared a first 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 March 31, 2008 to shareholders of record on March 19, 2008.

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 in South and Central Florida, Seacoast¿s markets include some of the wealthiest and fastest growing areas of the nation.