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Amerant Bancorp secures OCC approval for Houston branch sale

EditorIsmeta Mujdragic
Published 07/31/2024, 10:33 AM
AMTB
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Today, Amerant Bancorp Inc. (NYSE:AMTB), a Florida-based national commercial bank, announced it has received the green light from the Office of the Comptroller of the Currency (OCC) for the sale of certain assets and liabilities of its banking operations in the Houston, Texas area. The transaction, involving the purchase and assumption by MidFirst Bank, is slated to finalize on November 8, 2024, pending customary closing conditions.

This strategic move will see MidFirst Bank taking over certain deposit liabilities and acquiring specific loans, cash, real property, personal property, and other fixed assets related to Amerant Bank's six Houston locations. The deal is also expected to include the transition of all Amerant Bank employees in Houston to MidFirst Bank.

The information provided in this article is based on a press release statement from Amerant Bancorp Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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