secwatch.observer — SEC 8-K summary
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Issuer:     Amerant Bancorp Inc. (AMTB)
CIK:        0001734342
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001734342-24-000025
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734342/000173434224000025/0001734342-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734342/000173434224000025/amtb-20240416.htm
  HTML page:      https://secwatch.observer/filing/0001734342-24-000025

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