 CORAL GABLES, Fla., Nov. 20, 2020 GLOBE NEWSWIRE -- Amerant Bancorp Inc. NASDAQ: AMTB and AMTBB the Company or Amerant announced today that it has commenced a modified Dutch auction tender offer the Tender Offer to purchase, for cash, up to 50.0 million of shares of its Class B common stock the Class B Common Stock at a price per share not greater than 12.55 and not less than 9.65, less any applicable withholding taxes and without interest. The Company intends to purchase the shares using cash and cash equivalents. On November 19, 2020, the closing price of the Class B Common Stock was 11.90 per share. The Tender Offer will expire at 11:59 p.m., New York City time, on December 18, 2020, unless extended or terminated. 