Amerant Bancorp Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
$AMTB
Major Banks
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 31, 2025
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Item 1.01. Entry into a Material Definitive Agreement.
On December 31, 2025, Amerant Bank, N.A. (the “Bank”), a wholly-owned subsidiary of Amerant Bancorp Inc. (the “Company”), on the one hand, and Peachtree Group (the “Purchaser”), on the other hand, entered into an Asset Sale Agreement (the “Agreement”) relating to the sale by the Bank to the Purchaser of up to five loans (the “Loans”) with an estimated outstanding principal balance of $74.0 million as of December 31, 2025. The Agreement contains customary representations, warranties, covenants, and indemnification provisions. In addition, the Agreement includes customary closing conditions. The closing occurred on January 7, 2026 pursuant to which the Bank sold to the Purchaser three of the five Loans for a total purchase price of approximately $49.7 million. Pursuant to the terms of the Agreement, the Purchaser exercised its right not to purchase two of the Loans.
The foregoing summary of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 10.1 to this current report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
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* Certain portions of this Exhibit have been omitted in accordance with Regulation S-K Item 601(b)(10) because they are both (i) not material to investors and (ii) the type of information that the Company customarily and actually treats as private or confidential and have been marked with "[***]" to indicate where omissions have been made. The Company agrees to furnish supplementally an unredacted copy of the Exhibit to the Securities and Exchange Commission ("SEC") upon its request. Additionally, certain schedules and attachments to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Company agrees to furnish supplementally a copy of any omitted schedule or attachment to the SEC upon its request; provided, however, that the parties may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, for any document so furnished.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: January 7, 2026 | Amerant Bancorp Inc. | |||||||||||||
| By: | /s/ Julio V. Pena | |||||||||||||
| Name: Julio V. Pena | ||||||||||||||
| Title: Executive Vice President, Associate General Counsel and Corporate Secretary | ||||||||||||||