M&A Deal Summary

MidFirst Bank Acquires Amerant Bank - Houston Banking Locations

On November 8, 2024, MidFirst Bank acquired financial services company Amerant Bank - Houston Banking Locations from Amerant Bank

Acquisition Highlights
  • This is MidFirst Bank’s 6th transaction in the Financial Services sector.
  • This is MidFirst Bank’s 6th transaction in the United States.
  • This is MidFirst Bank’s 1st transaction in Texas.

M&A Deal Summary

Date 2024-11-08
Target Amerant Bank - Houston Banking Locations
Sector Financial Services
Buyer(s) MidFirst Bank
Sellers(s) Amerant Bank
Deal Type Divestiture

Target

Amerant Bank - Houston Banking Locations

Houston, Texas, United States
Amerant Bank's Houston Banking Locations is a provider of banking services in Houston, Texas.

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Buyer(S) 1

Buyer

MidFirst Bank

Oklahoma, Oklahoma, United States

Category Company
Founded 1954
Sector Financial Services
DESCRIPTION

MidFirst provides a full range of business, private banking, trust, personal banking, and mortgage banking products and services.


DEAL STATS #
Overall 6 of 6
Sector (Financial Services) 6 of 6
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 1st Century Bancshares

Los Angeles, California, United States

1st Century Bank is a nationally-chartered, commercial bank based in the Century City area of West Los Angeles. 1st Century focuses on providing a wide range of banking services to small and medium-sized businesses, their owners and employees.1st Century Bank operates three locations in the Los Angeles, California market, serving the unique needs of businesses and professionals on the Westside of Los Angeles, and is distinguished as the premier private bank in the area. 1st Century Bank was established in 2004 by a team of entrepreneurs, banking veterans, and local leaders. As of December 31, 2015, 1st Century Bancshares had assets totaling $732 million, net loans of $589 million and deposits of $598 million.

Buy -

Seller(S) 1

SELLER

Amerant Bank

Coral Gables, Florida, United States

Category Company
Founded 1979
Sector Financial Services
Revenue 329M USD (2023)
DESCRIPTION

Amerant Bank provides individuals and businesses with deposit and credit products, as well as wealth management services through its investment and trust subsidiaries. Amerant Bank was founded in 1979 and is based in Coral Gables, Florida


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1