Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 19, 2022, Orlando D. Ashford notified the Board of Directors (the "Board") of Amerant Bancorp Inc. (the "Company") of his decision to accept a new full time executive position and that, due to the responsibilities he will have in this new role, he had determined that he should step down from serving on the Board of the Company prior to being nominated for re-election in 2023. The Board and Mr. Ashford agreed that he would remain as a member of the Board of the Company and the Board of Directors of the Company's wholly-owned bank subsidiary, Amerant Bank, N.A. (the "Bank") through December, and will step down effective December 31, 2022. Mr. Ashford's stepping down as a director is solely due to his desire and need to fully devote time to his new position, and did not result from any disagreement with management, the Company or the Board on any matter relating to the Company's operations, policies or practices.

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