MidFirst Bank Completes Acquisition of Amerant Bank's Houston Locations
Slice of Finance Team
11/13/2024
Key Highlights:
- MidFirst Bank acquires six Houston locations from Amerant Bank
- Adds 45 employees and significant client relationships
- Branches reopen as MidFirst locations on November 12
- Acquisition supports MidFirst’s Texas growth strategy
- Veterans Day holiday transition for customer convenience
Source: Business Wire
Quotes
“ “Houston is a highly desirable and fast-growing market, and this acquisition is important to our growth plans for Texas.” ”
Jeff Records, Chairman and CEO at MidFirst Bank
Our Take:
This acquisition signifies MidFirst Bank's ongoing expansion into the Texas market, underscoring Houston’s growth potential and MidFirst’s commitment to strengthening its regional presence. By acquiring Amerant Bank’s Houston operations, MidFirst not only broadens its geographic footprint but also brings on a well-established local team and clientele. Transitioning on Veterans Day provides an opportunity for minimal disruption, reflecting MidFirst’s customer-centered approach during major operational changes.
