Amerant Bancorp Inc Class A (AMTB) just unveiled an announcement.
Amerant Bank has struck a deal with MidFirst Bank to sell certain assets and assume liabilities of its Houston, Texas branches, which include deposits and loans valued at roughly $576 million and $529 million, respectively. The sale price hinges on various factors and includes a minimum guaranteed deposit premium of $9.25 million. The transaction, awaiting regulatory approval, is expected to close in the latter half of 2024. In connection with the deal, the company will hold a conference call and present additional details, which will be made available in their current report.
See more data about AMTB stock on TipRanks’ Stock Analysis page.
