Ameris Bancorp: Difference between revisions

[ad_1]

What started as a regional bank in South Georgia began its expansion into neighboring states in 1996 when it branched into Alabama. Four years later, the bank expanded into Florida. In 2006, the bank expanded into South Carolina and into North Carolina in 2020. The bank now maintains 166 full-service branches in those five states combined, with additional mortgage-only locations in Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, Maryland and Tennessee.<ref name=”amerisbank.com”>{{Cite web|url=https://www.amerisbank.com/About/Why-Ameris/50th-Anniversary|title=50th Anniversary}}</ref>

What started as a regional bank in South Georgia began its expansion into neighboring states in 1996 when it branched into Alabama. Four years later, the bank expanded into Florida. In 2006, the bank expanded into South Carolina and into North Carolina in 2020. The bank now maintains 166 full-service branches in those five states combined, with additional mortgage-only locations in Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, Maryland and Tennessee.<ref name=”amerisbank.com”>{{Cite web|url=https://www.amerisbank.com/About/Why-Ameris/50th-Anniversary|title=50th Anniversary}}</ref>

Since 1979, Ameris Bank has successfully completed 35 mergers and acquisitions. That includes the $24.5 million acquisition of Prosperity Banking Company in 2013,<ref name=”sec.gov”>{{Cite web|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/351569/000035156920000019/abcb-20191231.htm|title = Inline XBRL Viewer}}</ref> the $37.3 million acquisition of Coastal Bankshares in 2014,<ref name=”sec.gov”/> the $50 million acquisition of Merchants & Southern Banks of Florida in 2015,<ref name=”ir.amerisbank.com”>{{Cite web|url=https://ir.amerisbank.com/news-market-data/merger-acquisitions/default.aspx|title=Mergers & Acquisitions – Ameris Bancorp}}</ref> the $96.4 million acquisition of Jacksonville Bank in 2016,<ref name=”ir.amerisbank.com”/> the $169.3 million acquisition of [[Atlantic Coast Financial]] in 2018,<ref>{{cite web| url = https://www.prnewswire.com/news-releases/ameris-bancorp-completes-acquisition-of-atlantic-coast-financial-corporation-300655570.html| title = Ameris Bancorp Completes Acquisition of Atlantic Coast Financial Corporation}} </ref> the $397.1 million acquisition of Hamilton State Bank in 2018<ref name=”ir.amerisbank.com”/> and the $869.3 million acquisition of [[Fidelity Southern Corporation]] in 2019.<ref name=”ir.amerisbank.com”/>

Since 1979, Ameris Bank has successfully completed 35 mergers and acquisitions. That includes the $24.5 million acquisition of Prosperity Banking Company in 2013,<ref name=”sec.gov”>{{Cite web|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/351569/000035156920000019/abcb-20191231.htm|title = Inline XBRL Viewer}}</ref> the $37.3 million acquisition of Coastal Bankshares in 2014,<ref name=”sec.gov”/> the $50 million acquisition of Merchants & Southern Banks of Florida in 2015,<ref name=”ir.amerisbank.com”>{{Cite web|url=https://ir.amerisbank.com/news-market-data/merger-acquisitions/default.aspx|title=Mergers & Acquisitions – Ameris Bancorp}}</ref> the $96.4 million acquisition of Jacksonville Bank in 2016,<ref name=”ir.amerisbank.com”/> the $169.3 million acquisition of [[Atlantic Coast Financial]] in 2018,<ref>{{cite web| url = https://www.prnewswire.com/news-releases/ameris-bancorp-completes-acquisition-of-atlantic-coast-financial-corporation-300655570.html| title = Ameris Bancorp Completes Acquisition of Atlantic Coast Financial Corporation}} </ref> the $397.1 million acquisition of Hamilton State Bank in 2018<ref name=”ir.amerisbank.com”/> and the $869.3 million acquisition of [[Fidelity Southern Corporation]] in 2019. During the Fidelity acquisition, Ameris appointed Fidelity CEO H. Palmer Proctor, Jr. as CEO and updated its brand to incorporate Fidelity’s recognizable Lion logo.<ref name=”ir.amerisbank.com”/> <ref>{{cite web |title=Ameris Bancorp Completes Acquisition Of Fidelity Southern Corporation and Announces Appointment Of New CEO |url=https://www.prnewswire.com/news-releases/ameris-bancorp-completes-acquisition-of-fidelity-southern-corporation-and-announces-appointment-of-new-ceo-300878298.html#:~:text=Immediately%20following%20the%20acquisition%2C%20Fidelity’s,which%20were%20located%20in%20Florida. |website=PR Newswire |access-date=7 February 2024}}</ref>

Between 2009 and 2012, in transactions organized by the [[Federal Deposit Insurance Corporation]], the company acquired American United Bank,<ref>{{Cite web|url=http://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/americanunited.html|title = FDIC: Failed Bank Information for American United Bank, Lawrenceville, GA}}</ref> United Security Bank,<ref>{{Cite web|url=https://www.fdic.gov/bank/individual/failed/unitedsecurity-ga.html|title=FDIC: Failed Bank Information for United Security Bank, Sparta, GA}}</ref> Satilla Community Bank,<ref>{{Cite web|url=https://www.fdic.gov/bank/individual/failed/satillacmntyga.html|title=FDIC: Failed Bank Information for Satilla Community Bank, Saint Marys, GA}}</ref> First Bank of Jacksonville,<ref>{{cite web| url = https://www.bizjournals.com/jacksonville/news/2010/10/22/first-bank-of-jacksonville-fails.html| url-status = dead| archive-url = https://web.archive.org/web/20101025090837/http://www.bizjournals.com/jacksonville/news/2010/10/22/first-bank-of-jacksonville-fails.html| archive-date = 2010-10-25| title = First Bank of Jacksonville fails {{!}} Jacksonville Business Journal}} </ref> Darby Bank & Trust,<ref>{{Cite web|url=https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/darbybank.html|title = FDIC: Failed Bank Information for Darby Bank & Trust Co., Vidalia, GA}}</ref> Tifton Banking Company,<ref>{{Cite web|url=https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/tifton.html|title = FDIC: Failed Bank Information for Tifton Banking Company, Tifton, GA}}</ref> One Georgia Bank,<ref>{{Cite web|url=https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/onegeorgia.html|title = FDIC: Failed Bank Information – Bank Closing Information for One Georgia Bank, Atlanta, GA}}</ref> High Trust Bank,<ref>{{Cite web|url=https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/hightrust.html|title = FDIC: Failed Bank Information for High Trust Bank, Stockbridge, GA}}</ref> Central Bank of Georgia,<ref>{{Cite web|url=https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/cbg.html|title = FDIC: Failed Bank Information for Central Bank of Georgia, Ellaville, GA}}</ref> and Montgomery Bank & Trust,<ref>{{Cite web|url=https://www.fdic.gov/bank/individual/failed/montgomery-q-and-a.html|title = FDIC: Failed Bank Information – Question and Answer Guide for Montgomery Bank & Trust, Ailey, GA}}</ref> all of which suffered from [[bank failure]].

Between 2009 and 2012, in transactions organized by the [[Federal Deposit Insurance Corporation]], the company acquired American United Bank,<ref>{{Cite web|url=http://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/americanunited.html|title = FDIC: Failed Bank Information for American United Bank, Lawrenceville, GA}}</ref> United Security Bank,<ref>{{Cite web|url=https://www.fdic.gov/bank/individual/failed/unitedsecurity-ga.html|title=FDIC: Failed Bank Information for United Security Bank, Sparta, GA}}</ref> Satilla Community Bank,<ref>{{Cite web|url=https://www.fdic.gov/bank/individual/failed/satillacmntyga.html|title=FDIC: Failed Bank Information for Satilla Community Bank, Saint Marys, GA}}</ref> First Bank of Jacksonville,<ref>{{cite web| url = https://www.bizjournals.com/jacksonville/news/2010/10/22/first-bank-of-jacksonville-fails.html| url-status = dead| archive-url = https://web.archive.org/web/20101025090837/http://www.bizjournals.com/jacksonville/news/2010/10/22/first-bank-of-jacksonville-fails.html| archive-date = 2010-10-25| title = First Bank of Jacksonville fails {{!}} Jacksonville Business Journal}} </ref> Darby Bank & Trust,<ref>{{Cite web|url=https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/darbybank.html|title = FDIC: Failed Bank Information for Darby Bank & Trust Co., Vidalia, GA}}</ref> Tifton Banking Company,<ref>{{Cite web|url=https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/tifton.html|title = FDIC: Failed Bank Information for Tifton Banking Company, Tifton, GA}}</ref> One Georgia Bank,<ref>{{Cite web|url=https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/onegeorgia.html|title = FDIC: Failed Bank Information – Bank Closing Information for One Georgia Bank, Atlanta, GA}}</ref> High Trust Bank,<ref>{{Cite web|url=https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/hightrust.html|title = FDIC: Failed Bank Information for High Trust Bank, Stockbridge, GA}}</ref> Central Bank of Georgia,<ref>{{Cite web|url=https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/cbg.html|title = FDIC: Failed Bank Information for Central Bank of Georgia, Ellaville, GA}}</ref> and Montgomery Bank & Trust,<ref>{{Cite web|url=https://www.fdic.gov/bank/individual/failed/montgomery-q-and-a.html|title = FDIC: Failed Bank Information – Question and Answer Guide for Montgomery Bank & Trust, Ailey, GA}}</ref> all of which suffered from [[bank failure]].

As an SBA-preferred lender, Ameris Bank worked with its commercial customers to provide relief during the 2020-2021 COVID-19 pandemic. The bank originated more than $1.5 billion in [[Paycheck Protection Program]] (PPP) loans to more than 14,000 businesses, including intentional outreach to more than 400,000 minority and woman-owned businesses.<ref name=”amerisbank.com”/>

As an SBA-preferred lender, Ameris Bank worked with its commercial customers to provide relief during the 2020-2021 COVID-19 pandemic. The bank originated more than $1.5 billion in [[Paycheck Protection Program]] (PPP) loans to more than 14,000 businesses, including intentional outreach to more than 400,000 minority and woman-owned businesses.<ref name=”amerisbank.com”/>

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *