---
schema_version: "secwatch.filing_event.v1"
accession: "0001734342-24-000025"
form_type: "8-K"
ticker: "AMTB"
cik: "0001734342"
company_name: "Amerant Bancorp Inc."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:44:39.617963+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Amerant to sell Houston banking operations to MidFirst; includes $576M deposits, $529M loans

## Summary
- Purchase price includes deposit premium of $13M (floor $9.25M) plus net book value of assets and cash.
- Sale covers six Houston branches; expected to close in H2 2024 subject to regulatory approvals.
- CEO Jerry Plush says sale allows focus on Florida expansion in South Florida and Tampa.
- MidFirst will assume $576M in deposits and acquire $529M in loans.
- Stephens Inc. advised Amerant; Raymond James advised MidFirst.

## SEC filing metadata
- accession: 0001734342-24-000025
- form_type: 8-K
- ticker: AMTB
- cik: 0001734342
- company_name: Amerant Bancorp Inc.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1734342/000173434224000025/0001734342-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1734342/000173434224000025/amtb-20240416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001734342-24-000025
- JSON: https://secwatch.observer/filing/0001734342-24-000025.json
- Plain text: https://secwatch.observer/filing/0001734342-24-000025.txt

## Key facts
- Material Agreements
  Amerant Bancorp Inc. entered into Purchase and Assumption Agreement with MidFirst Bank valued at approximately $576.0 million and $529.0 million, respectively (effective 2024-04-16).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: MidFirst Bank
  - Value: approximately $576.0 million and $529.0 million, respectively
  - Effective: 2024-04-16
  source text: On April 16, 2024, Amerant Bank, N.A. (the “Bank”), a wholly-owned subsidiary of Amerant Bancorp Inc. (the “Company”), entered into a Purchase and Assumption Agreement (the “Purchase Agreement”) with MidFirst Bank (“MidFirst”) pursuant to which MidFirst will purchase certain assets and assume certain liabilities (the “Transaction”) of the banking operations and six branches in the Houston, Texas metropolitan statistical area (collectively, the “Branches”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1734342/000173434224000025/0001734342-24-000025-index.htm

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