Amerant Bancorp Inc. (NYSE: AMTB) (“Amerant” or the “Company”)
today announced that its wholly owned subsidiary, Amerant Bank,
N.A., entered into a definitive purchase and assumption agreement
under which MidFirst Bank, based in Oklahoma City, Oklahoma, will
acquire Amerant Bank’s banking operations and six branches in the
Houston, Texas metropolitan area. The transaction includes
approximately $576 million of deposits and $529 million in
loans.
“As part of our strategic planning process, we reviewed our
current business model of operating in both Florida and Texas.
While we have appreciated the opportunity to serve our customers in
Houston and see the potential for growth there, we recognized that
additional investment would be needed to gain the scale necessary
for our Houston operations to materially contribute to future
results,” said Jerry Plush, Chairman and CEO. “With the tremendous
growth opportunities we see here in Florida, we believe it is
prudent to focus on the execution on our ongoing expansion plans in
South Florida and Tampa, and continue to work toward achieving our
goal of being the bank of choice in the markets we serve.”
The transaction is subject to customary closing conditions,
including regulatory approvals, and is expected to close in the
second half of 2024.
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.
Today, April 17, 2024, Jerry Plush, Chairman and Chief Executive
Officer, and Sharymar Calderón, Executive Vice-President and Chief
Financial Officer, will host a conference call at 5:30PM ET to
discuss the transaction.
Conference Call Details
Participant Dial-In: (866) 405-1245 / (215) 268-9857
Click here for participant International Toll-Free access
numbers
Webcast Access:
The conference call will be webcast live online and may be
accessed through the investor relations section of the Company’s
website, www.amerantbank.com, in “IR Calendar” under the “News
& Events” heading. A replay of the webcast will be available on
the Company's website for approximately 30 days.
About Amerant Bancorp Inc.
Amerant Bancorp Inc. is a bank holding company headquartered in
Coral Gables, Florida since 1979. The Company operates through its
subsidiaries, Amerant Bank, N.A. (the “Bank”), Amerant Investments,
Inc., Elant Bank and Trust Ltd., 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 the largest community bank headquartered in
Florida. The Bank operates 24 banking centers – 17 in South
Florida, 1 in Tampa, Florida, and 6 in Houston, Texas. For more
information, visit www.investor.amerantbank.com.
Forward-Looking Statements
This press release contains “forward-looking statements”
including statements with respect to the Company’s objectives,
expectations and intentions and other statements that are not
historical facts. All statements other than statements of
historical fact are statements that could be forward-looking
statements. Forward-looking statements include the Company’s
strategic rationale for, and proposed benefits of, the Company’s
sale of its Houston franchise (the “Sale Transaction”), the
Company’s ability to consummate the Sale Transaction on terms
acceptable to the Company, if at all, the Company’s expected use of
proceeds from the Sale Transaction, the Company’s business strategy
following the consummation of the Sale Transaction, and the
Company’s growth initiatives in Florida, including expectations
regarding the labor market in Florida. You can identify these
forward-looking statements through our use of words such as “may,”
“will,” “anticipate,” “assume,” “should,” “indicate,” “would,”
“believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,”
“point to,” “project,” “could,” “intend,” “target,” “goals,”
“outlooks,” “modeled,” “dedicated,” “create,” and other similar
words and expressions of the future.
Forward-looking statements, including those relating to our
beliefs, plans, objectives, goals, expectations, anticipations,
estimates and intentions, involve risks, uncertainties and other
factors, which may be beyond our control, and which may cause the
Company’s actual results, performance, achievements, or financial
condition to be materially different from future results,
performance, achievements, or financial condition expressed or
implied by such forward-looking statements. You should not rely on
any forward-looking statements as predictions of future events. You
should not expect us to update any forward-looking statements,
except as required by law. All written or oral forward-looking
statements attributable to us are expressly qualified in their
entirety by this cautionary notice, together with those risks and
uncertainties described in “Risk factors” in our annual report on
Form 10-K for the fiscal year ended December 31, 2023 filed on
March 7, 2024 (the “Form 10-K”), our quarterly reports on Form
10-Q, and in our other filings with the U.S. Securities and
Exchange Commission (the “SEC”), which are available at the SEC’s
website www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20240417597763/en/
Investors InvestorRelations@amerantbank.com (305)
460-8728
Media MediaRelations@amerantbank.com (305) 441-8414
Amerant Bancorp (NYSE:AMTB)
過去 株価チャート
から 4 2024 まで 5 2024
Amerant Bancorp (NYSE:AMTB)
過去 株価チャート
から 5 2023 まで 5 2024