Amerant Bancorp Appoints Yecimar Tirado Camacho as Chief Risk Officer, Completing Executive Leadership Transition

Background of New Chief Risk Officer Yecimar Tirado Camacho

Yecimar Tirado Camacho brings extensive experience in audit and risk management to her new position as Executive Vice President and Chief Risk Officer. Prior to her appointment, Tirado Camacho served as Senior Vice President and Head of Internal Audit at Amerant Bancorp and Amerant Bank, N.A. since July 2023, where she led the internal audit function and oversaw audit coverage across key risk disciplines. During her tenure in that role, she managed regulatory engagement and validation activities while reporting to the Audit Committee on risk trends, control effectiveness, remediation efforts, and organizational risk culture.

Before joining Amerant, Tirado Camacho held significant leadership positions in the financial services industry. The disclosure states that she served as Vice President and Head of Internal Audit at Oportun from 2019 to 2023, where she led the internal audit function and provided oversight of audit coverage across technology, operational, compliance, legal, strategic, fraud, and credit risk areas. Prior to that role, she held senior internal audit leadership positions with First Horizon National Corporation and Capital Bank, as well as Capital Bank Corp., including serving as Internal Audit Director. Her earlier career included audit and fraud investigation roles with Ocean Bank, General Motors, and Doral Financial Corporation.

Professional Credentials and Educational Background

Tirado Camacho holds significant professional qualifications that support her new leadership role at Amerant. The filing indicates that she is a Certified Public Accountant and is admitted to the Florida Bar as an attorney. These credentials position her to address both accounting standards and legal and regulatory matters within the risk management function. Her dual background in accounting and law provides a broad foundation for overseeing enterprise risk management at a financial institution.

Her educational credentials also demonstrate a strong foundation in business and law. Tirado Camacho holds a Juris Doctor degree and a B.B.A. in Accounting from the University of Puerto Rico. These qualifications, combined with her extensive professional experience in audit, compliance, and risk management roles across multiple financial services organizations, form the basis for her appointment to the Chief Risk Officer position at Amerant Bancorp.

Departure of Previous Chief Risk Officer Alberto Capriles

Alberto Capriles, who served as Senior Executive Vice President and Chief Risk Officer of Amerant Bancorp and Amerant Bank, N.A., notified the company of his plan to retire effective upon the appointment of his successor. This notification was previously disclosed on June 24, 2026. Rather than departing immediately, Capriles retired from the Chief Risk Officer position as of the Transition Date of July 22, 2026, marking a structured transition between leadership.

The company has arranged for Capriles to remain employed through an extended transition period. Following his retirement from the Chief Risk Officer position, Capriles will continue to be employed by the Company and the Bank through December 31, 2026 in the capacity of Senior Risk Advisor. In this role, he will assist with the transition of the Chief Risk Officer function, providing continuity during what the filing describes as the "Transition Period." This arrangement allows for knowledge transfer and ensures stability during the leadership change.

Compensation and Benefits During Transition Period

The filing discloses details regarding Capriles' compensation during his remaining tenure as Senior Risk Advisor. During the Transition Period through December 31, 2026, Capriles will continue to receive his current base salary. This provision ensures financial continuity for the outgoing executive during his remaining months with the organization.

In addition to base salary, Capriles remains eligible to receive short-term variable compensation for 2026. The disclosure states that his target annual cash incentive opportunity is equal to 60% of his base salary, subject to the achievement of applicable Company and individual performance goals. Furthermore, his outstanding equity awards as of the Termination Date will vest in accordance with the terms of the applicable award agreements, providing additional compensation contingent on the performance metrics and conditions established at the time of those awards' issuance.

Structured Leadership Transition Timeline

The leadership transition has been organized with specific dates to ensure an orderly handoff of responsibilities. The filing indicates that Yecimar Tirado Camacho assumed her position as Executive Vice President and Chief Risk Officer effective July 22, 2026, which the company designates as the "Transition Date." This date marks the official start of her tenure in the Chief Risk Officer role, at which point she assumed full responsibility for the risk management function.

Alberto Capriles' employment with the Company and the Bank will terminate on December 31, 2026, referred to in the filing as the "Termination Date." This creates approximately six months during which both executives will work within the organization, with Capriles serving in a supporting capacity as Senior Risk Advisor. This extended transition period allows Tirado Camacho time to fully assume her responsibilities while drawing on Capriles' institutional knowledge and experience with ongoing risk management initiatives and relationships with regulatory bodies.

Executive Leadership Amendment Filing

This disclosure represents an amendment to the company's original Current Report filed on June 25, 2026. Amerant Bancorp filed Amendment No. 1 on July 28, 2026 to update and supplement the disclosures contained in Item 5.02 of the original report regarding officers and compensatory arrangements. The amendment provides additional detail regarding the appointment of the new Chief Risk Officer and the extended transition arrangements with the departing executive.

The company explained in the filing's Explanatory Note that the amendment was necessary to update the disclosures in Item 5.02, which covers matters related to the departure of directors or certain officers, election of directors, appointment of officers, and compensatory arrangements of officers. By filing this amendment, Amerant Bancorp ensured that current and prospective investors have complete and updated information regarding the leadership transition in the risk management function of the company.

Risk Management Function Continuity at Amerant Bank

The transition of the Chief Risk Officer role is significant given the importance of risk management oversight at a financial institution. Amerant Bancorp and its subsidiary, Amerant Bank, N.A., operate under extensive regulatory oversight that requires strong risk management practices. The appointment of Tirado Camacho, who has served internally as Head of Internal Audit and brings prior experience from other financial services organizations, suggests continuity in the company's approach to risk governance.

Tirado Camacho's previous responsibilities as Head of Internal Audit involved overseeing audit coverage across key risk disciplines and reporting to the Audit Committee on risk trends and control effectiveness. Her internal knowledge of Amerant's operations, combined with her external experience at organizations such as Oportun, First Horizon National Corporation, and Capital Bank, positions her to lead the risk management function. The retention of Capriles as a Senior Risk Advisor during the transition period further supports operational continuity during this leadership change.

Regulatory Compliance and Governance Considerations

The disclosure of this executive transition through the amended Current Report reflects Amerant Bancorp's compliance with Securities and Exchange Commission disclosure requirements. As a company listed on the New York Stock Exchange, Amerant must promptly report material changes in its executive leadership. The filing identifies the company as incorporated in Florida with the Internal Revenue Service Employer Identification Number 65-0032379 and Commission File Number 001-38534.

The appointment of a new Chief Risk Officer at a publicly traded financial institution is significant because investors and regulators depend on robust risk management oversight. The fact that the company retained its departing Chief Risk Officer in an advisory capacity and selected an internal candidate with audit experience suggests a deliberate effort to maintain governance standards during the leadership transition. This approach allows the company to preserve institutional knowledge while establishing new leadership in the critical risk management function.