Amerant Bank appoints Braden R. Smith as Chief Business Development Officer and promotes Sharymar Calderon to Senior Executive Vice President.
Quiver AI Summary
Amerant Bank has appointed Braden R. Smith as Senior Executive Vice President and Chief Business Development Officer, responsible for identifying and pursuing business opportunities to drive the bank's growth. Additionally, Sharymar Calderon has been promoted to Senior Executive Vice President after serving as Chief Financial Officer since May 2023. CEO Jerry Plush expressed excitement about Smith's expertise in generating business and recognized Calderon's significant contributions to the bank. Smith, who has over 25 years of experience in financial services, will focus on developing partnerships and enhancing Amerant's market presence. Amerant Bank, based in Florida, has a strong commitment to community involvement and has been recognized as a Most Loved Workplace in recent years.
Potential Positives
- Amerant Bank has appointed Braden R. Smith as SEVP, Chief Business Development Officer, which signals a strategic focus on expanding business opportunities and enhancing market presence.
- Sharymar Calderon has been promoted to Senior Executive Vice President, recognizing her significant contributions as CFO and reinforcing leadership stability within the bank.
- Braden Smith brings over 25 years of financial services experience and a proven track record in generating new business, likely benefiting Amerant's growth objectives.
- The press release highlights Amerant's commitment to community engagement and its recognition as a Most Loved Workplace for three consecutive years, enhancing its reputation as a desirable employer and community partner.
Potential Negatives
- The press release highlights significant leadership changes, which could indicate underlying issues with the previous leadership or strategic direction of the company.
- While Braden R. Smith is touted for his experience, there is no mention of how he plans to specifically address current challenges or how his past roles connect to Amerant's unique market positioning.
- Sharymar Calderon's promotion might raise concerns about the company's governance if her prior experience in internal audit did not lead to adequate risk management or financial oversight.
FAQ
Who is the new Chief Business Development Officer at Amerant Bank?
Braden R. Smith has been appointed as the SEVP, Chief Business Development Officer at Amerant Bank.
What is Braden Smith's background before joining Amerant Bank?
Before joining Amerant, Smith was Vice Chairman at Wintrust Private Client and has over 25 years of financial services experience.
What recent promotion occurred at Amerant Bank?
Sharymar Calderon has been promoted to Senior Executive Vice President after serving as the EVP and Chief Financial Officer.
What are Braden Smith's responsibilities at Amerant Bank?
Smith will focus on identifying business opportunities, establishing partnerships, and enhancing Amerant's market presence across all lines of business.
Why is Sharymar Calderon's promotion significant?
Her promotion to SEVP recognizes her exceptional contributions to Amerant since becoming CFO in May 2023.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AMTB Insider Trading Activity
$AMTB insiders have traded $AMTB stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here's a breakdown of recent trading of $AMTB stock by insiders over the last 6 months:
- ARMANDO FLEITAS (EVP, Chief Accounting Officer) sold 6,240 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AMTB Hedge Fund Activity
We have seen 71 institutional investors add shares of $AMTB stock to their portfolio, and 38 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 2,401,027 shares (+74.1%) to their portfolio in Q3 2024
- PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC added 637,032 shares (+inf%) to their portfolio in Q3 2024
- AZORA CAPITAL LP added 537,884 shares (+inf%) to their portfolio in Q3 2024
- MALTESE CAPITAL MANAGEMENT LLC added 529,107 shares (+101.1%) to their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC added 451,225 shares (+287.6%) to their portfolio in Q3 2024
- VANGUARD GROUP INC added 430,123 shares (+27.2%) to their portfolio in Q3 2024
- MENDON CAPITAL ADVISORS CORP added 414,763 shares (+11793.1%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Miami, Fl, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Amerant Bank, Florida's bank of choice with a growing presence across South Florida, has named
Braden R. Smith
as
SEVP,
Chief Business Development Officer
. In this key role, Smith will be responsible for identifying, evaluating, and pursuing business opportunities that align with Amerant's strategic growth objectives for and across all lines of business.
In addition
, Sharymar Calderon, Amerant Bank's EVP and Chief Financial Officer
since May 2023, has been promoted to Senior Executive Vice President.
"We are excited to welcome Braden as Amerant's new Chief Business Development Officer and to announce Shary's promotion to SEVP, said Jerry Plush, Chairman and CEO of Amerant Bank. "Given Braden's proven expertise in generating new business opportunities, he will play a key role in achieving our planned growth objectives, and Shary's promotion recognizes the exceptional contributions she has made to Amerant since becoming our CFO."
With an impressive background in business strategy and development, Smith brings a wealth of experience to Amerant Bank. His responsibilities will include developing networks and expanding the bank's influence, establishing and nurturing partnerships, and promoting cross-selling activities across all lines of business to enhance Amerant's market presence.
"I am honored to join such a dynamic organization," said Smith. "I look forward to working with the team to identify new opportunities and build lasting partnerships with that will benefit both our clients and Amerant Bank."
Prior to joining Amerant, Smith most recently led Wintrust Private Client as their Vice Chairman. He has over 25 years of financial services experience, working with high-net worth individuals, business owners, and their families. His background includes numerous senior positions at market-leading financial institutions.
Calderson first joined Amerant in June 2021 as Head of Internal Audit, where she played a key role in leading Amerant's internal audit function, and as a result of her strong contributions in this role, lead to her promotion to EVP and Chief Financial Officer in May 2023.
###
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
.
Attachments
Braden Smith
Sharymar Calederon
