Certain Options of Mercantil Bank Holding Corporation are subject to a Lock-Up Agreement Ending on 17-JUN-2019.
June 16, 2019
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Certain Options of Mercantil Bank Holding Corporation are subject to a Lock-Up Agreement Ending on 17-JUN-2019. These Options will be under lockup for 181 days starting from 18-DEC-2018 to 17-JUN-2019.
Details:
The selling shareholder, the officers and directors of the company have agreed with the underwriters not to offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any of common stock or securities convertible into or exchangeable or exercisable for shares of common stock, enter into a transaction which would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of common stock, whether any such transaction is to be settled by delivery of common stock or other securities, in cash or otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any such transaction, swap, hedge or other arrangement, without, in each case, the prior written consent of Raymond James & Associates, Inc. for a period of 180 days after the date of the Offering.
Amerant Bancorp Inc. is a bank holding company. It operates through its subsidiary, Amerant Bank, N.A. (the Bank). It provides individuals and businesses with a comprehensive array of deposit, credit, investment, wealth management, retail banking, mortgage services and fiduciary services. It offers a variety of trust and estate planning products and services catering to high-net-worth customers, its trust and estate planning products include simple and complex trusts, private foundations, personal investment companies and escrow accounts. It offers a full suite of online banking services including online account opening for domestic and international customers, access to account balances, statements, and other documents, Zelle for consumer and businesses, online transfers, online bill payment and electronic delivery of customer statements, as well as automated teller machines (ATMs), and banking by mobile devices, telephone, and mail. It also offers overdraft protection program.