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An announcement from Amerant Bancorp (AMTB) is now available.
Samantha Holroyd has stepped down from Amerant Bancorp Inc. and Amerant Bank’s Boards of Directors as the bank sells its Houston operations, prompting a reduction in board size from ten to nine members. Meanwhile, Amerant Bank has agreed to sell assets and assume liabilities of its Houston branches to MidFirst Bank, with regulatory approval expected in the third quarter and finalization by mid-fourth quarter of 2024. The transaction has led to approximately $5.5 million in non-routine charges, while management anticipates a $13 million premium from the sale, slightly offset by additional legal and investment banking fees.
Find detailed analytics on AMTB stock on TipRanks’ Stock Analysis page.