Amerant provides Houston sale update; director resigns; $5.5M in Q2 charges offset by $4.4M reserve release

Amerant Bancorp Inc.

Director Samantha Holroyd resigned June 28, 2024; board reduced from 10 to 9 directors.
Houston branch sale regulatory approval expected Q3 2024; closing mid-Q4 2024.
Non-routine Q2 charges of $5.5M incl. $3.4M branch value adjustments, $1.3M loan allowance, $0.5M fees, $0.3M intangible write-off.
Charges partially offset by $4.4M credit reserve release; net impact of $1.1M.
Management expects $13.0M premium post-close, partly offset by $1.0-1.5M additional fees.

item 5.02 item 7.01

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Departed

Samantha Holroyd

Director

AMTB · Amerant Bancorp Inc.

Effective: 2024-06-28
Filed: July 1, 2024, 7:59 PM ET

Effective June 28, 2024, Samantha Holroyd resigned from the Board of Directors of Amerant Bancorp Inc.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Samantha Holroyd resigned as Director at Amerant Bancorp Inc..

Action: resigned
Role: Director

Exact text from the filing

Effective June 28, 2024, Samantha Holroyd resigned from the Board of Directors of Amerant Bancorp Inc.

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Amerant Bancorp Inc. filing history →

Source: SEC EDGAR

accession 0001734342-24-000036

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