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Stuart, Fla.-Based Bank Increases Executive Compensation in Event of Merger.

By Jeff Ostrowski, The Palm Beach Post, Fla. Knight Ridder/Tribune Business News

Jan. 5--STUART, Fla.--Seacoast Banking Corp. just got a little more expensive.

The parent of First National Bank & Trust, the Treasure Coast's dominant bank, last month sweetened "change in control" agreements with its top executives, according to regulatory filings.

If Chief Executive Dennis S. Hudson were let go after a merger, he'd get three times his $400,000-a-year salary, up from two times his pay in an earlier agreement. Chief Operating Officer Douglas G

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