Amerant Bancorp in Coral Gables, Fla., is looking to raise at least $150 million in capital.
The $9.7 billion-asset company disclosed in a regulatory filing that it hired Stephens and Piper Sandler to handle the sale of Class A voting common stock.
Net proceeds will be used for a variety of purposes, including supporting the company’s organic growth, working capital, investments in its bank, resolving nonperforming loans and potential balance sheet optimization.