---
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"
generated_at: "2026-06-06T23:20:07.577473+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Amerant sells $401M multifamily loan portfolio to Prime at ~$370M, $30M impairment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.06, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001734342-24-000004
- JSON: https://secwatch.observer/filing/0001734342-24-000004.json
- Plain text: https://secwatch.observer/filing/0001734342-24-000004.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: 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.
  - Value: total purchase price of approximately $370 million
  - Effective: 2024-01-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1734342/000173434224000004/0001734342-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.