MidFirst Bank, a privately owned 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 its footprint and will gain most of Amerant’s Houston loan and deposit relationships.
“We are pleased to have received regulatory approval of our acquisition and are excited to enhance our presence and services in the attractive and growing Houston market,” Jeff Records, chairman and CEO of MidFirst Bank, said. “With a shared commitment to customer service and community support, we look forward to welcoming the Amerant Houston team and their clients to MidFirst.”
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.
