{"schema_version":"secwatch.filing_event.v1","accession":"0001734342-24-000004","form_type":"8-K","ticker":"AMTB","cik":"0001734342","company_name":"Amerant Bancorp Inc.","filed_at":"2024-01-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.337350+00:00","generated_at":"2026-06-06T23:20:07.577473+00:00","sec_items":["1.01","2.06","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Amerant sells $401M multifamily loan portfolio to Prime at ~$370M, $30M impairment","bullets":["Amerant Bank sells $401M non-relationship multifamily CRE loans to Prime for ~$370M.","Expected closing by end of January 2024; customary reps, warranties, indemnification.","Records $30M pre-tax ($23M after-tax) non-cash charge in Q4 2023 attributable to the sale.","Loan portfolio sourced from Bank's Houston, TX commercial real estate portfolio.","Buyer is PFSS 2 SUB III (C), LLC, a subsidiary of a fund advised by Prime Finance Advisor."],"urls":{"canonical":"https://secwatch.observer/filing/0001734342-24-000004","json":"https://secwatch.observer/filing/0001734342-24-000004.json","markdown":"https://secwatch.observer/filing/0001734342-24-000004.md","text":"https://secwatch.observer/filing/0001734342-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1734342/000173434224000004/0001734342-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1734342/000173434224000004/amtb-20240112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T23:20:07.577473+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5aabd83e3bcd97bcb1289f1e9993034c9fe3119d","claim":"Amerant Bancorp Inc. entered into Asset Sale Agreement with PFSS 2 SUB III (C), LLC (\"Prime\"), a wholly-owned subsidiary of a private commercial real estate finance fund advised by Prime Finance Advisor, L.P. valued at total purchase price of approximately $370 million (effective 2024-01-12).","evidence_excerpt":"On January 12, 2024, Amerant Bank, N.A. (the \"Bank\"), a wholly-owned subsidiary of Amerant Bancorp, Inc. (the \"Company\"), and PFSS 2 SUB III (C), LLC (\"Prime\"), a wholly-owned subsidiary of a private commercial real estate finance fund advised by Prime Finance Advisor, L.P., an SEC-registered investment advisor, entered into an Asset Sale Agreement (the \"Agreement\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1734342/000173434224000004/0001734342-24-000004-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"PFSS 2 SUB III (C), LLC (\"Prime\"), a wholly-owned subsidiary of a private commercial real estate finance fund advised by Prime Finance Advisor, L.P."},{"label":"Value","value":"total purchase price of approximately $370 million"},{"label":"Effective","value":"2024-01-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}