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AMERANT BANK ANNOUNCES HIRE OF ELLIOT SHAFER AS NEW HEAD OF BUSINESS DEVELOPMENT

1. Elliot Shafer appointed as SVP, Head of Business Development at Amerant. 2. Shafer aims to enhance Amerant's market presence across Florida. 3. His experience may strengthen Amerant's strategic objectives and partnerships. 4. Amerant Bank's reputation for client relationship building supports growth.

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FAQ

Why Bullish?

Elliot Shafer's extensive experience can attract new business and partnerships, similar to past successful hires in banks which positively affected stock prices.

How important is it?

The appointment of a new leader in business development is critical for growth strategies, potentially impacting AMTB price positively.

Why Long Term?

Strategic business development initiatives usually take time to materialize but can result in significant growth over time.

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HBITCFUSB
MIAMI, FL, June 09, 2025 (GLOBE NEWSWIRE) -- Amerant Bank, Florida’s bank of choice with a growing presence across South Florida, has named Elliot Shafer as SVP, Head of Business Development. In this key role, Shafer will support Amerant’s growth by identifying, evaluating, and pursuing business opportunities that align with Amerant’s strategic objectives across all lines of business. “We are excited to welcome Elliot to the team,” said Jerry Plush, Chairman and CEO. “His extensive experience in business development makes him an excellent fit for this role. I am confident that his leadership will help us achieve our strategic objectives and deliver exceptional value to our clients.” As Head of Business Development, Shafer will lead initiatives to expand Amerant Bank’s market presence in Florida. This includes developing networks, establishing and nurturing key partnerships, and promoting cross-selling activities across all areas of the bank. He will play a critical role in enhancing Amerant’s influence and impact across our communities. “I am thrilled to join the Amerant Bank team and contribute to the bank’s continued growth and success,” said Shafer. “Amerant has a strong reputation for building meaningful relationships with its customers, and I look forward to developing new opportunities and partnerships that will strengthen the bank’s position in the market.” Shafer is a graduate of Wayne State University's Mike Ilitch School of Business. He brings a wealth of experience in commercial and business banking to Amerant. Most recently, he served as Senior Vice President, Market Director at Huntington National Bank. Prior to that, he held middle market leadership roles for TCF Bank and its predecessor companies. ### About Amerant Bank Amerant Bank, N.A., is Florida’s bank of choice and the main subsidiary of Amerant Bancorp Inc. (NYSE: AMTB). With a presence across South Florida and Tampa, FL, the bank has been serving clients for over 40 years and comprises subsidiaries Amerant Investments and Amerant Mortgage. Rooted in the communities it serves, Amerant supports numerous non-profit and community organizations. In 2022, 2023 and 2024, the Company was certified as a Most Loved Workplace® by Best Practice Institute. For news and updates, visit the Amerant Newsroom. Elliot Shafer Elliot Shafer Amerant's new SVP, Head of Business Development

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