Seacoast Banking Corp. of Florida in Stuart has released to its investors $200 million in capital it was holding in escrow because it did not place the winning bid for Riverside National Bank in Fort Pierce, Fla.

Though the $2.2 billion-asset Seacoast never explicitly said the money was earmarked to absorb Riverside, one of its rivals, it said in a press release Monday that the "winning bidder and its bid included two other failed banks in which the company had no interest."

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