Oklahoma City, Oklahoma-based MidFirst Bank has entered into a definitive agreement to acquire the Houston branches of Coral Gables, Florida-based Amerant Bank. Upon closing expected later this year, MidFirst Bank will add six Amerant Bank locations to the company’s footprint and gain Amerant Bank’s Houston client relationships totaling approximately $576 million in deposits and $529 million in loans.
“Houston is a strategic market for us and the acquisition of Amerant Bank’s Houston locations supports our growth plans,” says Jeff Records, MidFirst Bank chairman and CEO. “We have many clients already in Texas and have expanded in recent years to Houston, Dallas and San Antonio.”
Upon closing, Amerant Bank locations will be operated as MidFirst Bank locations. MidFirst Bank will gain experienced bankers covering commercial and business banking, private banking and full-service retail banking. All 45 Amerant Bank employees are expected to join MidFirst Bank.
“The Amerant Bank team has built a strong reputation in Houston and shares our commitment to customer service and supporting the communities we serve,” says Brian Heflin, MidFirst Bank Houston market executive.
Established in 1911, 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.
