Davis Polk advised the sole book-running manager in an SEC-registered offering by Amerant Bancorp Inc. of $60 million aggregate principal amount of 5.750% notes due 2025. The notes are guaranteed by Amerant Florida Bancorp, Inc., a subsidiary of the issuer.
Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida. The company operates through its subsidiaries, Amerant Bank, N.A., Amerant Investments, Inc., Amerant Trust, N.A. and Elant Bank and Trust Ltd. The company provides individuals and businesses in the United States, as well as select international clients, with deposit, credit and wealth management services. Amerant Bank, N.A., the company’s bank subsidiary, which has operated for over 40 years, is the largest community bank headquartered in Florida. The Bank operates 27 banking centers—19 in South Florida and 8 in the Houston, Texas area as well as loan production offices in Dallas, Texas and New York, New York.
The Davis Polk capital markets team included partner Nicholas A. Kronfeld and associates Rahul K. Patel, Yuchen Han and Amber Leary. Partner Michael Farber and associate Bradford Sherman provided tax advice. Partner John Banes and associate Jung Eun (Claire) Choi provided regulatory advice. All members of the Davis Polk team are based in the New York office.