Amerant Bancorp (AMTB) details $49.7M loan sale to Peachtree Group
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Amerant Bancorp Inc., through its wholly owned subsidiary Amerant Bank, N.A., entered into an Asset Sale Agreement with Peachtree Group on December 31, 2025 to sell up to five loans with an estimated outstanding principal balance of $74.0 million as of that date. The agreement included customary representations, warranties, covenants, indemnification provisions, and closing conditions.
The closing occurred on January 7, 2026, when the Bank sold three of the five loans to Peachtree Group for a total purchase price of approximately $49.7 million. Under the terms of the agreement, Peachtree Group exercised its right not to purchase the remaining two loans. The full Asset Sale Agreement is filed as a redacted exhibit.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 31, 2025
(Exact name of registrant as specified in its charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement.
On December 31, 2025, Amerant Bank, N.A. (the “Bank”), a wholly-owned subsidiary of Amerant Bancorp Inc. (the “Company”), on the one hand, and Peachtree Group (the “Purchaser”), on the other hand, entered into an Asset Sale Agreement (the “Agreement”) relating to the sale by the Bank to the Purchaser of up to five loans (the “Loans”) with an estimated outstanding principal balance of $74.0 million as of December 31, 2025. The Agreement contains customary representations, warranties, covenants, and indemnification provisions. In addition, the Agreement includes customary closing conditions. The closing occurred on January 7, 2026 pursuant to which the Bank sold to the Purchaser three of the five Loans for a total purchase price of approximately $49.7 million. Pursuant to the terms of the Agreement, the Purchaser exercised its right not to purchase two of the Loans.
The foregoing summary of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 10.1 to this current report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
| Number | Exhibit | ||||
10.1* | Asset Sale Agreement by and between Amerant Bank, N.A., and Peachtree dated December 31, 2025. Portions of this exhibit have been omitted. | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
* Certain portions of this Exhibit have been omitted in accordance with Regulation S-K Item 601(b)(10) because they are both (i) not material to investors and (ii) the type of information that the Company customarily and actually treats as private or confidential and have been marked with "[***]" to indicate where omissions have been made. The Company agrees to furnish supplementally an unredacted copy of the Exhibit to the Securities and Exchange Commission ("SEC") upon its request. Additionally, certain schedules and attachments to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Company agrees to furnish supplementally a copy of any omitted schedule or attachment to the SEC upon its request; provided, however, that the parties may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, for any document so furnished.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: January 7, 2026 | Amerant Bancorp Inc. | |||||||||||||
| By: | /s/ Julio V. Pena | |||||||||||||
| Name: Julio V. Pena | ||||||||||||||
| Title: Executive Vice President, Associate General Counsel and Corporate Secretary | ||||||||||||||
FAQ
What asset sale did Amerant Bancorp Inc. (AMTB) disclose in this 8-K?
Amerant Bancorp Inc., through Amerant Bank, N.A., disclosed an Asset Sale Agreement with Peachtree Group covering the sale of up to five loans with an estimated outstanding principal balance of $74.0 million as of December 31, 2025.
How many loans did Amerant Bank actually sell to Peachtree Group and for how much?
At closing on January 7, 2026, Amerant Bank sold three of the five loans to Peachtree Group for a total purchase price of approximately $49.7 million.
What happened to the remaining loans under Amerant Bancorp Inc.'s agreement with Peachtree Group?
Under the terms of the Asset Sale Agreement, Peachtree Group exercised its right not to purchase two of the five loans originally covered by the agreement.
When did the loan sale agreement between Amerant Bank and Peachtree Group become effective?
The Asset Sale Agreement was entered into on December 31, 2025, and the closing of the sale of three loans occurred on January 7, 2026.
What kind of provisions are included in Amerant Bancorp Inc.'s Asset Sale Agreement with Peachtree Group?
The Asset Sale Agreement includes customary representations, warranties, covenants, indemnification provisions, and customary closing conditions.
Is the full Asset Sale Agreement between Amerant Bank and Peachtree publicly available?
A copy of the Asset Sale Agreement is filed as Exhibit 10.1, with certain portions, schedules, and attachments omitted as confidential or not material, and the company has agreed to provide unredacted copies to the SEC upon request.