Amerant (AMTB) Announces Approval of Class B Share Repurchase Program
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Amerant Announces Approval of Class B Share Repurchase Program
March 10, 2021 5:05 PM UTCCORAL GABLES, Fla., March 10, 2021 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the Company or Amerant) today announced that on March 10, 2021, the Companys Board of Directors (the Board) authorized a new share repurchase program (the Repurchase Program) authorizing the Company to purchase, from time to time, up to an aggregate amount of $40 million of its shares of Class B common stock (the Class B Stock). Repurchases under the Repurchase Program may be made in the open market, by block purchase, in privately negotiated transactions or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended... More
