Amerant announces approval of class b share repurchase program

Coral gables, fla., march 10, 2021 (globe newswire) -- amerant bancorp inc. (nasdaq: amtb and amtbb) (the “company” or “amerant”) today announced that on march 10, 2021, the company's board of directors (the “board”) authorized a new share repurchase program (the “repurchase program”) authorizing the company to purchase, from time to time, up to an aggregate amount of $40 million of its shares of class b common stock (the “class b stock”). repurchases under the repurchase program may be made in the open market, by block purchase, in privately negotiated transactions or otherwise in compliance with rule 10b-18 under the securities exchange act of 1934, as amended (the “exchange act”).
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