Seacoast Banking Corp. of Florida continues to focus on M&A opportunities in its home state, the company's chief executive said.

The Stuart, Fla.-based bank recently closed its acquisition of Boca Raton, Fla.-based Legacy Bank of Florida, and has yet to close its pending acquisitions of Sarasota, Fla.-based Sabal Palm Bancorp Inc. and Melbourne, Fla.-based Business Bank of Florida Corp. Nevertheless, management is still looking into opportunities in the Sunshine State.

"We continue to be focused on ... Jacksonville, down to South Florida, including Miami-Dade, with the right opportunity," President and CEO Charles Shaffer said in the bank's third-quarter earnings call. He added that the entire Interstate 4 corridor, which runs diagonally across the state from Daytona Beach through Orlando to Tampa, is also of interest, as is southwest Florida.

Executives said Florida offers meaningful economic expansion, population growth, low taxes and a business-friendly environment. In a trend of corporate relocations to Florida, several Wall Street organizations are bringing large portions of their staff to the state, they added.

Along with acquisition opportunities, Seacoast Banking is also looking into de novo opportunities where it sees talent and opportunities for disruption, Shaffer said.

"What's exciting about what's going on in the state is we're starting to see real meaningful economic expansion," he said. "And so it gives us the opportunity to fill out more effectively in these markets with some de novo growth."

Seacoast Banking plans to "continue to focus on the same exact markets we've been focused on," Shaffer said. "There's a few fill-in markets in there. For example, Naples is one where there's not a lot of M&A opportunity, but a great market, and with the right talent, we think we can do well there."