MidFirst Bank entered into a definitive agreement to acquire the Houston banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp. MidFirst will will gain Amerant’s Houston client relationships totaling approximately $576 million in deposits and $529 million in loans.
MidFirst Bank expanded into the southern Nevada market, with Michael Pizzi, who will serve as senior vice president and Nevada market executive, and a team of bankers from Bank of Nevada who have experience in the area leading the initiative.
PHX Minerals closed a new four-year $100 million senior secured credit facility with an initial borrowing base of $27.5 million. The new credit facility was led by Independent Bank and includes MidFirst Bank.
Educational Development Corporation renewed its line of credit with its lender, MidFirst Bank, for another year with a maximum revolving principal amount of $10 million.
Presidential Financial provided $10 million in working capital and term facilities to FSTI.
Global Water Resources entered into an agreement with MidFirst Bank for a two-year revolving line of credit of up to $8 million.
Presidential Financial provided a $15 million working capital facility to Southern Sales & Marketing Group, a wholesaler of outdoor lawn furniture.
Evolution Petroleum has closed a new $50 million senior secured reserve-based credit facility with MidFirst Bank.
BancAssets announced it closed a $100 million loan across a network of 23 community financial institutions to meet U-Haul’s corporate debt needs.
Presidential Financial announced that it will be acquired by MidFirst Bank. The acquisition is subject to final regulatory approval and it is anticipated that the transaction will close in early 2013.