South Florida businesses are scrambling to submit applications for the Paycheck Protection Program, the $350 billion loan program backed by the U.S. Small Business Administration. "Most Florida banks were uploading applications to the SBA as of Tuesday evening," said Alex Sanchez, president and CEO of the Florida Bankers Association. Here is a look at how some of South Florida's largest lenders are handling the PPP application process: Grove Bank and Trust in Miami is accepting applications from existing business clients.

BankUnited maintained its status as South Florida's most profitable banking institution during the fourth quarter of 2019, according to the Federal Deposit Insurance Corp. The Miami Lakes-based bank (NYSE: BKU) earned $96.

CORAL GABLES, Fla., April 28, 2020 -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company” or “Amerant”) today reported first quarter 2020 net income of $3.4 million,.

Professional Bank’s decision to file paperwork for an initial public offering is another indication that community banks need more money than ever to stay profitable, according to local experts. Coral Gables-based Professional Holding Corp. this week told the U.S. Securities and Exchange Commission it aimed to raise up to $75 million for an IPO. It’s an indication the fast-growing community bank is seeking additional capital to keep up with expansion efforts, said Ken Thomas, a Miami-based bank analyst and author of The CRA Handbook.

South Florida small businesses with less than $1 million in revenue may receive a larger loan from a community bank than a national institution. While big banks originate more of those loans by number, community banks, on average, offer larger loans, according to data from the Federal Financial Institutions Examination Council (FFIEC), composed of the nation's five banking regulators.

Banks and credit unions remain open in South Florida, which leads the state in confirmed COVID-19 cases.

MILLAR WILSON Age: 67 Birthplace: Glasgow, Scotland Residence: Coral Gables Current position: CEO, Amerant Bank Previous position: President and COO, Mercantil Bank; risk manager, Mercantil Holding Financiero Internacional Education: Bachelor's degree, business and administrative studies, University of Bradford Amerant Bank CEO Millar Wilson has a unique background, even for a diverse region like South Florida. Born in Scotland, Wilson emigrated to Venezuela with his parents when he was less than a year old.

Federal regulators are urging banks to assist borrowers experiencing financial hardship as a result of the pandemic.

CORAL GABLES, Fla., Jan. 13, 2020 -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”), today announced it will report fourth quarter 2019 earnings results before.

Local lenders are ramping up for a flood of applications as the coronavirus stimulus package's Paycheck Protection Program — a $349 billion loan program for small businesses — takes effect. Businesses with up to 500 employees can begin applying for up to $10 million through an existing U.S. Small Business Association (SBA) lender as soon as Friday, according to guidelines released Wednesday morning. According to the updated guidelines, businesses may apply for loans that cover up two months of average payroll costs (capped at $100,000 per employee) from the previous year, plus an additional 25% of that amount.

Amerant Bancorp Inc. (NASDAQ:AMTB and AMTBB) (the “Company”) announced today that Alberto Peraza has resigned as the Company’s Co-President and Chief Financial Officer, effective March 16, 2020, to pursue other interests. During this time, Mr. Peraza will continue in his position through the filing of the Company’s 2019 Annual Report on Form 10-K.  After that date, he will serve as an advisor to the Company through April 28, 2020 to assist with transition efforts. Amerant has appointed Carlos Iafigliola, currently the Company’s head of Treasury, as interim Chief Financial Officer, effective March 16, 2020.

CORAL GABLES, Fla., April 10, 2020 -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”), today announced it will report first quarter 2020 earnings results before.

Amerant Bancorp Inc. (NASDAQ:AMTB and AMTBB) (the “Company” or “Amerant”) today announced a change in the location of the 2020 Annual Meeting of Shareholders. Please be advised that the Notice of Internet Availability of Proxy Materials and the proxy card or voting instructions previously distributed will not be updated to reflect the change to a virtual only format. To login to the virtual meeting, you have two options: Join as a “Guest” or join as a “Shareholder”.

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...

Amerant Bancorp Inc. (NASDAQ:AMTB and AMTBB) announced today that Carlos Iafigliola has been named Executive Vice President and Chief Financial Officer (CFO). Mr. Iafigliola has served as interim CFO since March 16, 2020 and has been with Amerant since 2004. Prior to being appointed interim CFO, Mr. Iafigliola served in various management positions, including Senior Vice President and Treasury Manager since 2015.

Amerant, the largest community bank headquartered in Florida, will be taking a variety of measures to further support its customers during the current COVID-19 outbreak. “As we strive to support both customers and the communities in which we operate, we are looking at how to best provide tangible, meaningful support,” said Millar Wilson, Vice Chairman and CEO of Amerant. Amerant has operated for over 40 years with 27 banking centers – 19 in South Florida, 8 in the Houston, Texas area, and loan production offices in Dallas and New York.

It's been a good week for Amerant Bancorp Inc. (NASDAQ:AMTB) shareholders, because the company has just released its...

To the annoyance of some shareholders, Amerant Bancorp (NASDAQ:AMTB) shares are down a considerable 31% in the last...

Amerant Bancorp CFO Alberto Peraza has resigned and will step down from his position by mid-March. The Coral Gables-based bank (Nasdaq: AMTB) announced Carlos Iafigliola, currently senior VP and treasury manager, will serve as interim CFO effective March 16. "[Peraza] has been instrumental to the success of the company and played a key role in our 2018 IPO, as well as our subsequent transformation into a domestically focused community bank," said Amerant CEO Millar Wilson.

2019 Full-Year Net Income Up 12.0% Compared to 2018  Fourth Quarter Net Income Down 6.6% Compared to Last Year CORAL GABLES, Fla., Jan. 30, 2020 -- Amerant Bancorp Inc..