On July 20, 2023, Seacoast Banking Corporation of Florida increased the size of its board of directors from eleven to twelve and appointed Joseph ?Jay? B. Shearouse, III as a director, effective immediately. Mr. Shearouse will stand for election as a Class I director at the Company?s 2024 annual meeting of shareholders and, if elected, will serve a term expiring at the Company?s 2027 annual meeting of shareholders, along with the other Class I directors.

Mr. Shearouse does not serve on any committee of the Company. Mr. Shearouse was also appointed as a director of the Company?s operating subsidiary, Seacoast National Bank. Mr. Shearouse, age 66, was Senior Vice President and Market Executive of Seacoast Bank, with responsibility for business development and growth strategies to deepen client relationships and execute market strategy.

Prior to joining Seacoast Bank, Mr. Shearouse served as Chairman and CEO for First Bank of the Palm Beaches from 2010 until its sale to Seacoast Bank in 2020. From 2007 to 2009, Mr. Shearouse served as President of Southeast Florida for National City Bank following its purchase of Fidelity Federal Bank & Trust where he served in multiple senior-level roles for 27 years, including Executive Vice President of Corporate Lending with responsibilities over Commercial Real Estate Lending, Small Business Lending, Consumer Lending, Loan Servicing, SBA Lending and the Credit Department. There are no familial relationships between Mr. Shearouse and any director or executive officer of the Company.

Mr. Shearouse has not engaged in any transaction with the Company that would be reportable as a related party transaction under Item 404(a) of Regulation S-K. Mr. Shearouse has served on many community boards over his career, including the Boys and Girls Club of Palm Beach County, United Way of Palm Beach County, Palm Health Foundation, Chamber of Commerce of the Palm Beaches, as well as the Palm Beach County Business Development Board and the Economic Council, among others. Mr. Shearouse earned a bachelor?s degree in Real Estate and Insurance from Florida State University and an associate degree in business management from Wofford College.