MidFirst Bank Completes Acquisition of Amerant Bank Locations in Houston
MidFirst Bank, the largest privately owned bank in the US, has completed its acquisition of Amerant Bank's (NYSE: AMTB) Houston operations. The deal includes six banking locations, 45 employees, and Amerant's Houston client relationships. The transition of banking locations and accounts will occur over the Veterans Day weekend, with locations reopening as MidFirst Bank on November 12. Houston is described as a strategic, fast-growing market important to MidFirst's Texas expansion plans.
MidFirst Bank, la più grande banca privata degli Stati Uniti, ha completato l'acquisizione delle operazioni di Amerant Bank (NYSE: AMTB) a Houston. L'accordo include sei sedi bancarie, 45 dipendenti e i rapporti con i clienti di Amerant a Houston. La transizione delle sedi bancarie e dei conti avverrà durante il fine settimana del Giorno dei Veterani, con la riapertura delle sedi come MidFirst Bank il 12 novembre. Houston è descritta come un mercato strategico in rapida crescita, fondamentale per i piani di espansione di MidFirst in Texas.
MidFirst Bank, el banco de propiedad privada más grande de EE. UU., ha completado la adquisición de las operaciones de Amerant Bank (NYSE: AMTB) en Houston. El acuerdo incluye seis sucursales bancarias, 45 empleados y las relaciones con los clientes de Amerant en Houston. La transición de las sucursales bancarias y cuentas se llevará a cabo durante el fin de semana del Día de los Veteranos, con las sucursales reabriendo como MidFirst Bank el 12 de noviembre. Houston se describe como un mercado estratégico de rápido crecimiento importante para los planes de expansión de MidFirst en Texas.
미드퍼스트 은행은 미국에서 가장 큰 사유 은행으로, 아메란트 은행(NYSE: AMTB)의 휴스톤 운영 인수 작업을 완료했습니다. 이번 거래에는 6개의 은행 지점, 45명의 직원, 그리고 아메란트의 휴스턴 고객 관계가 포함됩니다. 은행 지점 및 계좌의 전환은 재향 군인 기념일 주말에 이루어지며, 11월 12일에 미드퍼스트 은행으로 재개장합니다. 휴스턴은 미드퍼스트의 텍사스 확장 계획에 중요한 전략적이며 빠르게 성장하는 시장으로 설명됩니다.
MidFirst Bank, la plus grande banque privée des États-Unis, a achevé l'acquisition des opérations de la Banque Amerant (NYSE: AMTB) à Houston. L'accord comprend six emplacements bancaires, 45 employés et les relations clients d'Amerant à Houston. La transition des emplacements et des comptes bancaires aura lieu pendant le week-end du Jour des Anciens Combattants, avec une réouverture des emplacements en tant que MidFirst Bank le 12 novembre. Houston est décrite comme un marché stratégique en forte croissance, important pour les plans d'expansion de MidFirst au Texas.
Die MidFirst Bank, die größte privat geführte Bank in den USA, hat die Übernahme der Houston-Operationen der Amerant Bank (NYSE: AMTB) abgeschlossen. Der Deal umfasst sechs Bankstandorte, 45 Mitarbeiter und die Kundenbeziehungen von Amerant in Houston. Der Übergang der Bankstandorte und Konten wird am Wochenende des Veterans Day stattfinden, wobei die Standorte am 12. November als MidFirst Bank wiedereröffnet werden. Houston wird als strategischer, schnell wachsender Markt beschrieben, der für die Expansionspläne von MidFirst in Texas wichtig ist.
- Expansion into strategic Houston market
- Acquisition of 6 banking locations
- Addition of 45 experienced employees
- Immediate market presence in fast-growing region
- None.
Insights
The completed acquisition of Amerant Bank's Houston locations by MidFirst Bank represents a strategic market expansion that impacts Amerant's footprint and balance sheet. The deal transfers six banking locations, 45 employees and the associated client relationships in the Houston market. For Amerant (AMTB), this divestiture aligns with their strategy to optimize operations and focus on core markets, likely improving operational efficiency. The transaction will impact Amerant's deposit base and revenue streams from the Houston market, though specific financial terms weren't disclosed. The timing of the branch conversion over the Veterans Day weekend minimizes operational disruption. This move reflects ongoing consolidation trends in regional banking, particularly as institutions seek to optimize their geographic presence and operational efficiency in key growth markets.
Through the acquisition, MidFirst gained Amerant’s
MidFirst Bank Houston Market President Brian Heflin added, “Our team has significant experience and strong relationships in
Amerant’s
Raymond James & Associates, Inc. served as financial adviser and Covington & Burling LLP provided legal counsel to MidFirst Bank. Stephens Inc. served as financial adviser and Squire Patton Boggs (US) LLP provided legal counsel to Amerant.
About MidFirst Bank
With
View source version on businesswire.com: https://www.businesswire.com/news/home/20241107676524/en/
Derek Caswell
MidFirst Bank
405.767.7475
derek.caswell@midfirst.com
Source: MidFirst Bank
FAQ
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