MidFirst Bank Completes Acquisition of Amerant Bank Locations in Houston

OKLAHOMA CITY--(BUSINESS WIRE)--MidFirst Bank ("MidFirst" or the “Company”), the largest privately owned bank in the nation, today announced the successful completion of its previously announced acquisition of the Houston, Texas banking locations of Amerant Bank, N.A. (“Amerant”), the main subsidiary of Amerant Bancorp Inc. (NYSE: AMTB).

Through the acquisition, MidFirst gained Amerant’s Houston client relationships and added six banking locations and 45 employees. “Houston is a highly desirable and fast-growing market, and this acquisition is important to our growth plans for Texas,” said MidFirst Bank Chairman and CEO Jeff Records.

MidFirst Bank Houston Market President Brian Heflin added, “Our team has significant experience and strong relationships in Houston, and we look forward to a bright future as we continue to grow and serve the community.”

Amerant’s Houston banking locations and accounts will transition to MidFirst Bank over the course of the weekend and Veterans Day holiday. All Amerant’s Houston locations will be opened as MidFirst Bank locations starting on November 12. Customers may visit the MidFirst website for additional details on the transition.

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 $39.0 billion in assets, Oklahoma City-based MidFirst Bank is the largest privately owned bank in the nation and provides personal banking, commercial banking, private banking, wealth management and mortgage servicing nationally. MidFirst Bank has locations in Arizona, California, Colorado, Nevada, Oklahoma, Texas and Utah. MidFirst Bank serves California through 1st Century Bank, a division of MidFirst Bank. MidFirst website: midfirst.com, 1st Century Bank website: 1cbank.com.