CORAL GABLES, Fla.–(BUSINESS WIRE)–Amerant Bancorp Inc. (NYSE: AMTB) today announced that its wholly owned subsidiary, Amerant Bank, N.A, completed the sale of its banking operations and six branches in the Houston, Texas metropolitan area to MidFirst Bank, based in Oklahoma City, Oklahoma. The previously announced transaction closed on November 8, 2024 and included approximately $573.9 million of deposits and $479.2 million in loans.
“We are pleased to announce the successful completion of the sale of our Houston banking operations to MidFirst Bank,” said Jerry Plush, Chairman and CEO. “This strategic decision allows us to focus on accelerating growth in our core markets in Florida as we execute on our expansion plans in both the south Florida and greater Tampa markets. We remain committed to delivering exceptional value to our customers and shareholders as we continue to work toward achieving our goal of being the bank of choice in the markets we serve.”
Stephens Inc. served as financial adviser and Squire Patton Boggs (US) LLP provided legal counsel to Amerant. Raymond James & Associates, Inc. served as financial adviser and Covington & Burling LLP provided legal counsel to MidFirst Bank.
About Amerant Bancorp Inc.
Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its main subsidiary, Amerant Bank, N.A. (the “Bank”), as well as its other subsidiaries: Amerant Investments, Inc., and Amerant Mortgage, LLC. The Company provides individuals and businesses with deposit, credit and wealth management services. The Bank, which has operated for over 40 years, is headquartered in Florida and has over 10 billion in assets. The Bank operates 19 banking centers – 18 in South Florida and 1 in Tampa, FL. For more information, visit investor.amerantbank.com.
