Amerant Bancorp completes $573.9M deposit, $479.2M loan sale to MidFirst Bank

Amerant Bancorp Inc.

Sale of Houston banking operations and six branches closed November 8, 2024.
Transaction includes $573.9 million in deposits and $479.2 million in loans.
CEO Jerry Plush says sale lets Amerant focus on accelerating Florida growth.
MidFirst Bank (Oklahoma City) acquired operations; financial terms not disclosed.
Stephens Inc. advised Amerant; Raymond James advised MidFirst Bank.

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