AMERANT BANK ANNOUNCES HIRE OF ELLIOT SHAFER AS NEW HEAD OF BUSINESS DEVELOPMENT

Rhea-AI Summary

Amerant Bank (AMTB) has appointed Elliot Shafer as SVP, Head of Business Development to drive the bank's growth initiatives across South Florida. In his new role, Shafer will focus on identifying and pursuing business opportunities aligned with Amerant's strategic objectives across all business lines. He will lead efforts to expand market presence, develop networks, establish partnerships, and promote cross-selling activities. Shafer, a Wayne State University graduate, brings significant commercial and business banking experience from his previous roles as Senior Vice President, Market Director at Huntington National Bank and middle market leadership positions at TCF Bank.

MIAMI, FL, June 09, 2025 (GLOBE NEWSWIRE) -- Amerant Bank, Florida’s bank of choice with a growing presence across South Florida, has named Elliot Shafer as SVP, Head of Business Development. In this key role, Shafer will support Amerant’s growth by identifying, evaluating, and pursuing business opportunities that align with Amerant’s strategic objectives across all lines of business.

“We are excited to welcome Elliot to the team,” said Jerry Plush, Chairman and CEO. “His extensive experience in business development makes him an excellent fit for this role. I am confident that his leadership will help us achieve our strategic objectives and deliver exceptional value to our clients.”

As Head of Business Development, Shafer will lead initiatives to expand Amerant Bank’s market presence in Florida. This includes developing networks, establishing and nurturing key partnerships, and promoting cross-selling activities across all areas of the bank. He will play a critical role in enhancing Amerant’s influence and impact across our communities.

“I am thrilled to join the Amerant Bank team and contribute to the bank’s continued growth and success,” said Shafer. “Amerant has a strong reputation for building meaningful relationships with its customers, and I look forward to developing new opportunities and partnerships that will strengthen the bank’s position in the market.”

Shafer is a graduate of Wayne State University's Mike Ilitch School of Business. He brings a wealth of experience in commercial and business banking to Amerant. Most recently, he served as Senior Vice President, Market Director at Huntington National Bank. Prior to that, he held middle market leadership roles for TCF Bank and its predecessor companies.

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About Amerant Bank

Amerant Bank, N.A., is Florida’s bank of choice and the main subsidiary of Amerant Bancorp Inc. (NYSE: AMTB). With a presence across South Florida and Tampa, FL, the bank has been serving clients for over 40 years and comprises subsidiaries Amerant Investments and Amerant Mortgage. Rooted in the communities it serves, Amerant supports numerous non-profit and community organizations. In 2022, 2023 and 2024, the Company was certified as a Most Loved Workplace® by Best Practice Institute. For news and updates, visit the Amerant Newsroom.

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• Elliot Shafer

Alexis Dominguez
Amerant Bank
3054415541
mediarelations@amerantbank.com

FAQ

Who is the new Head of Business Development at Amerant Bank (AMTB)?

Elliot Shafer has been appointed as SVP, Head of Business Development at Amerant Bank.

What are Elliot Shafer's responsibilities as Head of Business Development at Amerant Bank?

Shafer will identify and pursue business opportunities, expand market presence, develop networks, establish partnerships, and promote cross-selling activities across all business lines.

What is Elliot Shafer's previous work experience before joining Amerant Bank?

Shafer previously served as Senior Vice President, Market Director at Huntington National Bank and held middle market leadership roles at TCF Bank.

Where did Elliot Shafer complete his education?

Elliot Shafer is a graduate of Wayne State University's Mike Ilitch School of Business.

Who is the current Chairman and CEO of Amerant Bank?

Jerry Plush serves as the Chairman and CEO of Amerant Bank.