Amerant Bancorp Inc. (AMTB) announced the pricing of public offering of 7.9 million shares of its Class A voting common stock, at a price to the public of $19.00 per share, for an aggregate offering amount of $150 million. Also, the company has granted the underwriters a 30-day option to purchase up to an additional 784,210 shares of common stock at the public offering price, less underwriting discounts. The company expects to close the offering, on or about September 27, 2024.
Amerant Bancorp intends to use the net proceeds for general corporate purposes and to support continued organic growth, which may include, among other things, working capital, investments in Amerant Bank, N.A., resolution of non-performing loans, and potential balance sheet optimization strategies.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.