Amerant Bancorp announced that it commenced an underwritten public offering of shares of its Class A voting common stock. The company intends to use the net proceeds of the offering for general corporate purposes and to support its continued organic growth, which may include, among other things, working capital, investments in Amerant Bank, N.A., resolution of non-performing loans, and potential balance sheet optimization strategies. Stephens and Piper Sandler & Co. are acting as joint book-running managers for the offering.
