MidFirst Bank receives approval to acquire Houston locations of Amerant

MidFirst Bank has received all required regulatory approvals to complete the previously announced acquisition of the Houston, Texas banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp. MidFirst expects the acquisition to close on November 8, 2024, subject to the satisfaction of customary closing conditions. Upon closing, MidFirst will add six Amerant Bank locations to the Company’s footprint and will gain most of Amerant’s Houston loan and deposit relationships. This transaction builds on MidFirst’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. Upon completion of the transaction, all Amerant Bank employees in Houston are expected to join MidFirst, and Amerant Bank locations will be operated as MidFirst Bank locations. MidFirst and Amerant will provide additional information to customers regarding next steps in the process over the coming months.