MidFirst Bank

MidFirst Bank’s 1st Century Division Donates $250,000 to Saint John’s Health Center

Retrieved on: 
Tuesday, April 23, 2024
Finance, Health, Banking, Hospitals, Professional Services, Philanthropy, Fund Raising, Foundation, Education, Hospital, MidFirst Bank, Century Bank, MD, Partnership, Doctor of Philosophy, Research, Thorax, Medicine, Saint, Plaque, Organization

MidFirst Bank, through its 1st Century Bank Division, announces a donation of $250,000 to Saint John’s Health Center in support of the Center’s ongoing mission to provide state-of-the-art healthcare services to the community.

Key Points: 
  • MidFirst Bank, through its 1st Century Bank Division, announces a donation of $250,000 to Saint John’s Health Center in support of the Center’s ongoing mission to provide state-of-the-art healthcare services to the community.
  • The donation was commemorated at Saint John’s Health Center with the presentation of a plaque in the Margie Peterson Breast Cancer Center, symbolizing the enduring partnership between 1st Century Bank and Saint John’s Health Center in the pursuit of healthcare excellence and community well-being.
  • “We proudly support Saint John’s Health Center, recognizing their ongoing commitment to advancing their mission through compassionate care and pioneering research,” said Jeff Records, Chairman and CEO of MidFirst Bank.
  • We are truly grateful for their support.” Sheryl A. Bourgeois, PhD - President & CEO, Saint John’s Health Center Foundation.

MidFirst Bank to Acquire Houston Banking Locations of Amerant Bank

Retrieved on: 
Wednesday, April 17, 2024
Personal Finance, Finance, Banking, Professional Services, Asset Management, LLP, MidFirst Bank, Covington & Burling, Culture, Acquisition, Growth, Bank

MidFirst Bank ("MidFirst" or the “Company”), the largest privately owned bank in the nation, has entered into a definitive agreement to acquire the Houston, Texas banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp Inc. (NYSE: AMTB).

Key Points: 
  • MidFirst Bank ("MidFirst" or the “Company”), the largest privately owned bank in the nation, has entered into a definitive agreement to acquire the Houston, Texas banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp Inc. (NYSE: AMTB).
  • “Houston is a strategic market for us and the acquisition of Amerant Bank’s Houston locations supports our growth plans,” said MidFirst Bank Chairman and CEO Jeff Records.
  • MidFirst Bank Houston Market Executive Brian Heflin added, “The Amerant Bank team has built a strong reputation in Houston and shares our commitment to customer service and supporting the communities we serve.
  • We look forward to welcoming the Amerant Houston team and their clients to MidFirst, and having the opportunity to demonstrate the quality of the banking services and culture of MidFirst.”
    Upon completion of the transaction, Amerant Bank locations will be operated as MidFirst Bank locations.

Amerant Bancorp Inc. Announces Sale of Texas Operations

Retrieved on: 
Wednesday, April 17, 2024
Banking, Asset Management, Professional Services, Finance, LLP, MidFirst Bank, Webcast, Covington & Burling, Growth, Strategic planning, Management

Amerant Bancorp Inc. (NYSE: AMTB) (“Amerant” or the “Company”) today announced that its wholly owned subsidiary, Amerant Bank, N.A., entered into a definitive purchase and assumption agreement under which MidFirst Bank, based in Oklahoma City, Oklahoma, will acquire Amerant Bank’s banking operations and six branches in the Houston, Texas metropolitan area.

Key Points: 
  • Amerant Bancorp Inc. (NYSE: AMTB) (“Amerant” or the “Company”) today announced that its wholly owned subsidiary, Amerant Bank, N.A., entered into a definitive purchase and assumption agreement under which MidFirst Bank, based in Oklahoma City, Oklahoma, will acquire Amerant Bank’s banking operations and six branches in the Houston, Texas metropolitan area.
  • “As part of our strategic planning process, we reviewed our current business model of operating in both Florida and Texas.
  • Stephens Inc. served as financial adviser and Squire Patton Boggs (US) LLP provided legal counsel to Amerant.
  • Raymond James & Associates, Inc. served as financial adviser and Covington & Burling LLP provided legal counsel to MidFirst Bank.

Evolution Petroleum Announces Acquisition of Non-operated Oil and Gas Assets

Retrieved on: 
Tuesday, January 9, 2024
Permian, SCOOP, Classification, Hand, Natural gas, CFPS, Transaction, STACK, Partnership, Red Sky, TEV, Mergers and acquisitions, EPM, Acquisition, EPS, MidFirst Bank, EOG, Anadarko Basin, PDP, Growth

Evolution expects to fund the acquisition with cash on hand and borrowings from EPM’s revolving credit facility.

Key Points: 
  • Evolution expects to fund the acquisition with cash on hand and borrowings from EPM’s revolving credit facility.
  • Production of approximately 1,550 barrels of oil equivalent per day (“BOEPD”) and commodity mix of 42% oil, 15% natural gas liquids, and 43% natural gas as of the effective date.
  • This is a significant achievement for our Company and demonstrates our ability to successfully procure high-quality assets in a core basin with best-in-class operating parties.
  • Evolution plans to post a presentation highlighting additional details of the Acquisitions on the Company's website this evening: www.evolutionpetroleum.com .

MidFirst Bank Extends Western Expansion with Entrance into Nevada Market

Retrieved on: 
Monday, January 8, 2024
Banking, Professional Services, Finance, Commercial, Latin, MidFirst Bank, Commerce, Treasury, SBA, Discovery, U.S. Bancorp, Senior, Management

MidFirst Bank, the largest privately held bank in the nation, recently announced its expansion into the Southern Nevada market.

Key Points: 
  • MidFirst Bank, the largest privately held bank in the nation, recently announced its expansion into the Southern Nevada market.
  • This expansion extends MidFirst’s growth in the western United States, building upon the Bank’s recently announced entrance into the new Southern California markets of Santa Barbara, San Diego and South Bay.
  • “We are pleased to continue executing MidFirst’s growth strategy with our entrance into the Southern Nevada market,” said Jeff Records, Chairman and CEO of MidFirst Bank.
  • Michael brings with him a team of experienced banking professionals from Bank of Nevada to serve the Southern Nevada Market, which includes Senior Vice President Joyce Smith and Senior Vice President Jeff Miracle.

Mach Natural Resources Completes the Acquisition of Paloma Anadarko Basin Assets

Retrieved on: 
Friday, December 29, 2023
Oil, Gas, Energy, MNR, Acquisition, Partner, Credit, Texas Capital Bank, Macquarie Group, MidFirst Bank, EnCap Investments, EOC, Kirkland & Ellis, Line of credit, Vinson & Elkins, Natural Resources, Mach, Latham & Watkins, Financial adviser

Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced that it has closed the acquisition (the “Acquisition”) of certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma from Paloma Partners IV, LLC, a privately-held Delaware limited liability company backed by EnCap Investments L.P., and its affiliated companies (the “Sellers”).

Key Points: 
  • Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced that it has closed the acquisition (the “Acquisition”) of certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma from Paloma Partners IV, LLC, a privately-held Delaware limited liability company backed by EnCap Investments L.P., and its affiliated companies (the “Sellers”).
  • Mach also entered into a $75 million super priority revolving credit facility (the “Revolving Credit Facility”) led by MidFirst Bank.
  • In connection with closing of the Acquisition, Mach used proceeds from the Term Loan Facility and cash on hand to repay the existing amounts outstanding under the previously outstanding revolving credit agreement and such agreement was terminated.
  • As of closing of the Acquisition, the Revolving Credit Facility was undrawn.

MidFirst Bank Expands Presence in Southern California

Retrieved on: 
Monday, October 2, 2023
U.S. Century Bank, Knowledge, Growth, Bank, Century Bank, First Republic Bank, MidFirst Bank, San Fernando Valley, Drug, Management

OKLAHOMA CITY, Oct. 2, 2023 /PRNewswire/ -- MidFirst Bank, through its 1st Century Bank division, has announced the expansion of its Southern California presence with new additions to its Century City team as well as entry into new markets, including San Diego, the South Bay and Santa Barbara. The Bank welcomes twenty-two seasoned bankers into leadership roles from the former First Republic Bank.

Key Points: 
  • OKLAHOMA CITY, Oct. 2, 2023 /PRNewswire/ -- MidFirst Bank, through its 1st Century Bank division, has announced the expansion of its Southern California presence with new additions to its Century City team as well as entry into new markets, including San Diego, the South Bay and Santa Barbara.
  • "Southern California is a strategic growth region for MidFirst Bank, and our continued expansion in this market with experienced new teams is an important step for the future of our business," said Jeff Records, Chairman and CEO of MidFirst Bank.
  • "1st Century Bank's expansion in Southern California and investment in our professional team demonstrates the division's continued growth trajectory," said Jason DiNapoli, CEO and President of 1st Century Bank.
  • "We are proud of the growth and success our 1st Century Bank division has achieved in Southern California," said Todd Dobson, President of MidFirst Bank.

1st Century Bank Expands Presence in Southern California

Retrieved on: 
Monday, October 2, 2023
Century Bank, Senior, Zielen van Napels, Associate, San Fernando Valley, Organization, First Republic Bank, U.S. Century Bank, Century, Knowledge, Growth, Bank, Credit, MidFirst Bank

LOS ANGELES, Oct. 2, 2023 /PRNewswire/ -- 1st Century Bank, a division of MidFirst Bank, the largest privately owned bank in the nation, has welcomed twenty-two new team members from the former First Republic Bank. The team members will perform an instrumental role in 1st Century Bank's growth across Southern California, including Century City and three new geographies: San Diego, the South Bay and Santa Barbara. Their emphasis on prioritizing superior client service with the same dedication and wealth of knowledge that distinguishes 1st Century Bank's culture will make for a seamless integration.

Key Points: 
  • The team members will perform an instrumental role in 1st Century Bank's growth across Southern California, including Century City and three new geographies: San Diego, the South Bay and Santa Barbara.
  • "1st Century Bank's expansion into new markets and investment in our professional team demonstrates the division's continued growth trajectory," said Jason DiNapoli, CEO and President of 1st Century Bank.
  • 1st Century Bank's latest growth consists of the following teams:
    Lyndsey Hudgins and Linnea McArt join the bank in Century City.
  • With these latest additions, 1st Century Bank will be able to better serve clients across Southern California with locations in Downtown Los Angeles, Century City, Orange County, the San Fernando Valley, Santa Barbra, San Diego and the South Bay.

1st Century Bank Continues California Growth with Expansion into Santa Barbara

Retrieved on: 
Monday, October 2, 2023
U.S. Century Bank, Century Bank, Zielen van Napels, First Republic Bank, MidFirst Bank, Bank

SANTA BARBARA, Calif., Oct. 2, 2023 /PRNewswire/ -- 1st Century Bank, a division of MidFirst Bank, the largest privately owned bank in the nation, today announced its expansion into the Santa Barbara market. This extension of the bank's California presence is being led by experienced banking professionals Karin Napel and Matt Keenan, who have both joined 1st Century Bank from the former First Republic Bank and have extensive experience in delivering best-in-class service to a loyal client base.

Key Points: 
  • SANTA BARBARA, Calif., Oct. 2, 2023 /PRNewswire/ -- 1st Century Bank, a division of MidFirst Bank, the largest privately owned bank in the nation, today announced its expansion into the Santa Barbara market.
  • "We're proud to further  1st Century Bank's growth in California with our new Santa Barbara presence and are confident that Karin and Matt will form a strong leadership team with their extensive client service backgrounds," said Jason DiNapoli, CEO and President of 1st Century Bank.
  • Napel joins 1st Century Bank as VP, Managing Director and possesses over 30 years of expertise in the financial and banking industry.
  • Keenan joins 1st Century Bank alongside Napel as VP, Managing Director and brings more than 23 years of financial and banking services experience to the team.

1st Century Bank Announces Expansion Into San Diego

Retrieved on: 
Monday, September 25, 2023
Century Bank, Senior, Relationship, Organization, First Republic Bank, Shidler, Oklahoma, Century, Bank, Credit, MidFirst Bank

LOS ANGELES, Sept. 25, 2023 /PRNewswire/ -- 1st Century Bank, a division of MidFirst Bank, the largest privately owned bank in the nation, today announced its expansion into the San Diego market. This effort is being led by experienced banking professional Jason Shidler and his team, who have joined 1st Century Bank from the former First Republic Bank and bring a proven track record of success in the San Diego market. The addition of this accomplished team furthers 1st Century Bank's growth strategy in Southern California.

Key Points: 
  • LOS ANGELES, Sept. 25, 2023 /PRNewswire/ -- 1st Century Bank, a division of MidFirst Bank, the largest privately owned bank in the nation, today announced its expansion into the San Diego market.
  • This effort is being led by experienced banking professional Jason Shidler and his team, who have joined 1st Century Bank from the former First Republic Bank and bring a proven track record of success in the San Diego market.
  • "We are thrilled to expand into the San Diego market and enthusiastically welcome Jason Shidler and his team to 1st Century Bank," said Jason DiNapoli, CEO and President of 1st Century Bank.
  • Shidler joins 1st Century Bank as Senior Vice President and Senior Managing Director and will drive the Bank's development in the San Diego market.