STOCK TITAN

AMERANT BANK NAMES INDUSTRY VETERAN MIKE NURSEY AS CENTRAL FLORIDA MARKET PRESIDENT

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Amerant Bank has appointed industry veteran Mike Nursey as EVP, Central Florida Market President, to spearhead its expansion in Hillsborough and Pinellas counties, as well as other Central Florida markets. Nursey, who brings over two decades of experience in leading high-performing teams and client relationship management, will operate from Amerant's new regional headquarters in Tampa. This appointment follows Amerant's recent opening of a new banking center in Tampa's Westshore district, aligning with the bank's strategy to enhance its presence in Greater Tampa and Central Florida. Nursey's prior roles include North Florida Market President at TD Bank and Commercial Banking Executive in Jacksonville and Miami. He is also actively involved in community service, serving on various boards.

Positive
  • Mike Nursey's appointment as EVP, Central Florida Market President brings over 20 years of experience in client relationship management and high-performing team leadership.
  • Amerant Bank's recent opening of a new banking center in the Westshore district aligns with its expansion strategy in Central Florida.
  • Nursey's expertise in financing acquisitions, capital investments, and growth initiatives positions him well to drive Amerant Bank's strategic goals.
  • Amerant's new regional office in Tampa is strategically located in the Urban Centre Building, a central business area in Tampa.
Negative
  • There is no mention of immediate financial gains or cost efficiencies expected from the new appointment, which may raise questions among investors.
  • The press release lacks concrete financial data or projections related to the expansion, leaving the financial impact on the company unclear.

On the heels of the recent opening of a Tampa regional office and a new banking center in the Westshore district, Nursey will lead Amerant’s ongoing expansion in Hillsborough County, Pinellas County and Central Florida as a whole

TAMPA, Fl, June 17, 2024 (GLOBE NEWSWIRE) -- Amerant Bank, Florida’s bank of choice with a growing presence across the Greater Tampa area, has named industry veteran, Mike Nursey, as EVP, Central Florida Market President. Nursey will be responsible for the strategic execution of Amerant Bank’s growth strategy in Hillsborough, Pinellas counties as well as other key markets throughout Central Florida.

“We are delighted to welcome Mike to the Amerant Bank team. His expertise in leading high-performing teams and client relationship management is an ideal fit for Amerant as we continue to proactively further our presence in the Greater Tampa area and Central Florida markets,” said Jerry Plush, Chairman and CEO of Amerant Bank. “His appointment reaffirms our commitment to being the bank of choice for businesses and customers looking to grow and prosper in this dynamic region.”

Nursey will be based in Amerant’s new regional headquarters in Tampa and brings a wealth of experience, leadership, and strategic vision to Amerant Bank, particularly in building and nurturing new client relationships.

For more than two decades, Nursey has led high-performing, Florida-based teams dedicated to building client relationships, fostering substantial growth for a broad spectrum of companies. His understanding of market dynamics in Tampa, Orlando, and South Florida, coupled with his expertise in financing acquisitions, capital investments, and various growth initiatives, positions him as the ideal leader to drive Amerant Bank's strategic goals in the region.

“I am honored to join Amerant Bank, a highly regarded institution known for its commitment to excellence and relationship-centric approach to banking,” said Nursey. “I look forward to serving our growing customer base, fostering meaningful community relationships and helping to drive growth across the rapidly evolving region.”

Nursey most recently served as North Florida Market President and before that was Managing Director for Middle Market Florida at TD Bank. He led teams responsible for client acquisition and providing growth capital for companies $20MM-$1 billion in revenue. Prior to his time at TD, Nursey spent more than a decade as a Commercial Banking Executive in the Jacksonville and Miami markets.

Also deeply committed to giving back to the local community, Nursey has been serving on the Board of Directors for Special Olympics Florida since May 2018, the American Cancer Society-Tampa Bay Volunteer Leadership Board since April 2017, and as the Chairman of the Athletics Committee on the University of Tampa Board of Trustees since August 2015. His dedication to community service also aligns with Amerant Bank's values of community involvement and service.

Amerant Bank’s recent Tampa banking center and regional office opening celebrations, along with the recently announced expansion plans align with the overarching strategy to better serve key markets in Central and South Florida.

The new regional office and banking center are strategically located in the Urban Centre Building at 4830 W Kennedy Blvd, situated in the bustling Westshore Business District, one of the most central business areas in Tampa. Amerant Bank’s new banking center stands as a testament to the company’s commitment to serving customers and businesses in the Greater Tampa area as well as neighboring districts.

###

About Amerant Bank

Amerant Bank, N.A., is the largest community bank headquartered in Florida and the main subsidiary of Amerant Bancorp Inc. (NYSE: AMTB), with a presence across South Florida and in Tampa, FL, and Houston, TX. The bank has been serving clients for over 40 years and comprises subsidiaries Amerant Investments and Amerant Mortgage. Rooted in the communities it serves, Amerant supports numerous non-profit and community organizations. In 2022 and again in 2023, the company was certified as a Most Loved Workplace® by Best Practice Institute. For news and updates, visit the Amerant Newsroom

Attachment


FAQ

Who is the new Central Florida Market President for Amerant Bank?

Mike Nursey has been appointed as the new Central Florida Market President for Amerant Bank.

What regions will Mike Nursey oversee at Amerant Bank?

Mike Nursey will oversee Hillsborough County, Pinellas County, and other key markets throughout Central Florida.

What recent expansions has Amerant Bank announced?

Amerant Bank has recently opened a new banking center in Tampa's Westshore district and a regional office in Hillsborough County.

What experience does Mike Nursey bring to Amerant Bank?

Mike Nursey brings over two decades of experience in leading high-performing teams, client relationship management, and expertise in financing acquisitions and capital investments.

Where is Amerant Bank's new regional office located?

Amerant Bank's new regional office is located in the Urban Centre Building at 4830 W Kennedy Blvd, in the Westshore Business District of Tampa.

Amerant Bancorp Inc.

NYSE:AMTB

AMTB Rankings

AMTB Latest News

AMTB Stock Data

953.34M
33.56M
14.31%
59.98%
2.11%
Banks - Regional
National Commercial Banks
Link
United States of America
CORAL GABLES