Amerant bancorp inc. announces preliminary results of its successful modified dutch auction tender offer

Coral gables, fla., dec. 21, 2020 (globe newswire) -- amerant bancorp inc. (nasdaq: amtb and amtbb) (the “company” or “amerant”) announced today the preliminary results of its successful modified “dutch auction” tender offer to purchase, for cash, up to $50.0 million of shares of its class b common stock, $0.10 par value per share (the "class b common stock"), at a price per share not less than $11.05 and not greater than $12.55, which expired at 11:59 p.m., new york city time, on december 18, 2020. as described below, the tender offer was oversubscribed.
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