Results
Amerant Bancorp Inc.
07/31/2024 | Press release | Distributed by Public on 07/31/2024 06:07
Material Event Form 8 K
Item 8.01. Other Events.
On July 30, 2024, MidFirst Bank ("MidFirst") informed Amerant Bancorp Inc. (the "Company") that it has received regulatory approval from the Office of the Comptroller of the Currency for the previously announced purchase and assumption of certain assets and certain liabilities of the banking operations and six branches in the Houston, Texas metropolitan statistical area of Amerant Bank, N.A., ("Amerant Bank") a wholly owned subsidiary of the Company. The transaction is expected to close on November 8, 2024, subject to the satisfaction of customary closing conditions.
Upon closing, MidFirst will assume certain deposit liabilities and will acquire certain loans, as well as cash, real property, personal property and other fixed assets associated with Amerant Bank's six locations in Houston. In addition, upon completion of the transaction, all Amerant Bank employees in Houston are expected to join MidFirst.
Cautionary Notice Regarding Forward-Looking Statements
This Current Report on Form 8-K contains "forward-looking statements" including statements with respect to Amerant Bancorp Inc.'s (the "Company") objectives, expectations and intentions and other statements that are not historical facts. Forward-looking statements include statements regarding our expectations of our performance and financial condition, the provision for credit losses, deposit and loan growth expectations, and the Company's ability to consummate and close the sale of its Houston franchise. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target," "goals," "outlooks," "modeled," "dedicated," "create," and other similar words and expressions of the future.
Forward-looking statements, including those relating to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the Company's actual results, performance, achievements, or financial condition to be materially different from future results, performance, achievements, or financial condition expressed or implied by such forward-looking statements. You should not rely on any forward-looking statements as predictions of future events. You should not expect us to update any forward-looking statements, except as required by law. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in "Risk factors" in our annual report on Form 10-K for the fiscal year ended December 31, 2023 filed on March 7, 2024 (the "Form 10-K"), in our quarterly report on Forn 10-Q for the quarter ended March 31, 2024 filed on May 3, 2024 and in our other filings with the U.S. Securities and Exchange Commission (the "SEC"), which are available at the SEC's website www.sec.gov.