The sale of banking operations and branches is a significant strategic move for Amerant Bancorp, likely aimed at optimizing its asset portfolio and focusing on core markets or operations. The inclusion of substantial deposits and loans in the transaction indicates a notable shift in Amerant Bancorp's asset base. While the financial terms were not disclosed, such transactions typically aim to enhance shareholder value and could lead to a positive market perception, potentially boosting AMTB's stock in the short term. The deal's closure in the second half of 2024 means immediate financial impacts may not be reflected until closer to the transaction's completion.