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Stock impact report

MidFirst Bank to Acquire Houston Banking Locations of Amerant Bank

Amerant Bancorp Inc. (AMTB) 
Last amerant bancorp inc. earnings: 4/28 06:30 am Check Earnings Report
Company Research Source: Business Wire
Acquisition includes Houston operations and client relationships, building on MidFirst’s recent growth in Texas and the Western United States OKLAHOMA CITY--(BUSINESS WIRE)--MidFirst Bank ("MidFirst" or the “Company”), the largest privately owned bank in the nation, has entered into a definitive agreement to acquire the Houston, Texas banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp Inc. (NYSE: AMTB). Upon closing expected later this year, MidFirst will add six Amerant Bank locations to the Company’s footprint and will gain Amerant’s Houston client relationships totaling approximately $576 million in deposits and $529 million in loans.This transaction builds on MidFirst Bank’s recent growth in Texas and accelerates the Company’s expansion strategy in the state. The additional Houston banking locations will better position MidFirst to deliver the Company’s award-winning customer service in the Houston market and invest in the local community.“Houston is a st Show less Read more
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