Amerant Bancorp announced that its wholly owned subsidiary, Amerant Bank, N.A., entered into a definitive purchase and assumption agreement under which MidFirst Bank, based in Oklahoma City, Oklahoma, will acquire Amerant Bank’s banking operations and six branches in the Houston, Texas metropolitan area. The transaction includes approximately $576M of deposits and $529M in loans. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2024.
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