We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Professional Holding Corp. (“Professional Holding” or the “Company”) (NASDAQ: PFHD) in connection with the proposed acquisition of the Company by Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ:SBCF).  Under the terms of the merger agreement, the Company’s shareholders will receive 0.8909 shares of Seacoast common stock for each Professional Holding share owned, representing implied per-share merger consideration of approximately $32.74 based upon Seacoast’s August 5, 2022 closing price of $36.75.

Weiss Law is investigating whether (i) Professional Holding’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Professional Holding’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.