AMERANT BANK PROVIDES FINANCING TO FRESCO RETAIL GROUP, LLC FOR THE ACQUISITION OF FRESCO Y MÁS OPERATIONS AND LOCATIONS

Core Insights - Amerant Bank has successfully financed a $120 million loan to Fresco Retail Group for the acquisition of Fresco y Más from Southeastern Grocers Inc. [1][2] - Fresco y Más is a Florida-based grocery chain established in 2016, operating 34 locations across South, Central, and Southwest Florida [1][2] - The acquisition aims to maintain the current operations of all supermarkets and liquor stores under the Fresco y Más brand [3] Company Overview - Amerant Bank is the largest community bank headquartered in Florida, with a presence in South Florida, Tampa, and Houston [4] - The bank has been operational for over 40 years and includes subsidiaries such as Amerant Investments and Amerant Mortgage [4] - In 2023, Amerant Bank was recognized as a Most Loved Workplace® by Best Practice Institute [4]