MidFirst Bank, recognized as the largest privately owned bank in the United States, has completed its acquisition of the Houston, Texas banking locations of Amerant Bank, N.A., a subsidiary of Amerant Bancorp Inc. (NYSE: AMTB). This strategic acquisition includes six banking branches and 45 employees, along with Amerant’s Houston-based client relationships.
“With Houston being a rapidly growing and sought-after market, this acquisition plays a key role in our expansion strategy for Texas,” stated Jeff Records, Chairman and CEO of MidFirst Bank.
Brian Heflin, Houston Market President for MidFirst Bank, added, “Our team brings extensive experience and deep-rooted relationships within the Houston community. We are excited about the future as we continue to expand and serve this vibrant market.”
The transition of Amerant’s Houston branches to MidFirst Bank will take place over the weekend, aligning with the Veterans Day holiday. All locations will reopen under the MidFirst Bank brand on November 12. Customers can find additional transition details on the MidFirst Bank website.
Raymond James & Associates, Inc. acted as financial advisor, and Covington & Burling LLP served as legal counsel for MidFirst Bank. Amerant was advised by Stephens Inc., with legal counsel provided by Squire Patton Boggs (US) LLP.
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.
