Amerant announces partial exercise and closing of Nasdaq over-allotment option: AMTB

CORAL GABLES, Florida, January 23, 2019 (GLOBE NEWSWIRE) – Mercantil Bank Holding Company (NASDAQ: AMTB and AMTBB) (the "Company") has announced that the underwriters of the recent public offering of the Company for its common shares ("Offer") exercised, in part, their over-allotment option by purchasing 229,019 additional shares of the Company's Clbad A Common Shares (the "Clbad A Shares") at market price today $ 13.00 per Clbad A Share.

The Partnership will use the net proceeds from the sale of Clbad A Shares in connection with the exercise of the over-allotment option by the Underwriters to redeem Clbad B common shares at $ 12.61 per share from the former parent company of the company.

Raymond James & Associates, Inc. and Keefe, Bruyette & Woods, Inc. acted as joint book managers, Stephens Inc. acted as lead manager and SunTrust Robinson Humphrey, Inc. and FIG Partners, LLC in as co-managers the offering.

The offer was made solely by means of a prospectus. A copy of the Offering Prospectus may be obtained from: Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716, or by calling (800) 248-8863, or by e-mail at prospectus @ raymondjames. com; or Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, New York 10019, for the attention of: Equity Capital Markets, or by calling (800) 966-1559 or by mail email to the address [email protected].

The Company is a bank holding company headquartered in Coral Gables, Florida. The Company operates through its subsidiaries Amerant Bank, NA (the "Bank"), Amerant Investments, Inc. and Amerant Trust, NA. The Company provides retail, credit and credit services to individuals and businesses in the United States, as well as selected international clients. wealth management services. The Bank, which has been in existence for nearly 40 years, is the largest community bank in Florida. The bank operates 23 banking centers – 15 in South Florida and 8 in the Houston, Texas area, as well as commercial real estate production offices in New York and Dallas.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. There will be no offer, solicitation or sale of securities in any jurisdiction where such an offer, solicitation or sale would be unlawful.

Forward-looking statements

This press release contains "forward-looking information", including with respect to the offer. These statements are often, but not always, made using words or phrases such as "believe," "will," "expect," "anticipate," "plan," "search," "estimate," , "have the intention of", "indicate", "conceived", "contemplate", "plan", "future", "would" and "should", "could", "continue", "predict" , "target", "strategies" and similar words and expressions of the future. Forward-looking statements involve known and unknown risks, uncertainties and badumptions, including the risks described in the "Risk Factors" section of the Prospectus and elsewhere in the Company's filings with the US Securities and Exchange Commission. which could result in actual results, events, risk levels, activity, financial position, performance or achievements must differ significantly from results, events, activity levels, financial position, performance or achievements expressed or implied in the forward-looking statements. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can not guarantee future results, events, levels of activity, financial condition, performance or achievements, or the completion of the Offering. The Company has no obligation, and no obligation, to update or revise the forward-looking statements made in this press release to reflect changes since the date of this press release.