Ameris Bancorp

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Ameris Bancorp
Public company
Traded asNASDAQABCB
S&P 600 component
IndustryBanking
Financial services
PredecessorsAmerican Banking Company
ABC Holding Company
ABC Bancorp
FoundedOctober 1, 1971; 48 years ago (1971-10-01) (as American Banking Company)
December 18, 1980; 39 years ago (1980-12-18) (as ABC Holding Company)
Moultrie, Georgia[1]
FounderEugene M. Vereen, Jr.
Headquarters
Area served
Georgia
Alabama
Florida
South Carolina
Key people
H. Palmer Proctor, Jr., CEO
James B. Miller, Jr., Chairman
Nicole S. Stokes, CFO
ProductsRetail banking
Commercial bank
Credit cards
Mortgage loans
RevenueIncrease $636 million (2019)
Increase $161 million (2019)
Total assetsIncrease $18.242 billion (2019)
Total equityIncrease $2.469 billion (2019)
Number of employees
2,722 (2019)
Websitewww.amerisbank.com
Footnotes / references
[2]
Riverplace Tower offices in Jacksonville

Ameris Bancorp is a bank holding company headquartered in Atlanta. Through its bank subsidiary, Ameris Bank, the company operates branches in Georgia, Alabama, Florida, and South Carolina.

History[edit]

In 1971, the company was founded in Moultrie, Georgia as American Banking Company.[1]

In 1980, ABC Holding Company was formed as a parent company to American Banking Company.[1]

In 1986, ABC Holding Company changed its name to ABC Bancorp.[1]

In 1987, ABC Bancorp became a public company via an initial public offering.[1]

In 1994, ABC Bancorp began trading on the NASDAQ.[1]

In 1996, the bank expanded into Alabama.[1]

In 2000, the bank expanded into Florida.[1]

In 2005, the company changed its name to Ameris Bancorp.[1]

In 2006, the bank expanded into South Carolina.[1]

In 2008, the company received a $52 million investment from the United States Department of the Treasury as part of the Troubled Asset Relief Program.[3]

Between 2009 and 2012, in transactions organized by the Federal Deposit Insurance Corporation, the company acquired American United Bank,[4] United Security Bank,[5] Satilla Community Bank,[6] First Bank of Jacksonville,[7] Darby Bank & Trust,[8] Tifton Banking Company,[9] One Georgia Bank,[10] High Trust Bank,[11] Central Bank of Georgia,[12] and Montgomery Bank & Trust,[13] all of which suffered from bank failure.

In 2013, Ameris acquired Prosperity Banking Company for $24.5 million.[2]

In 2014, Ameris acquired Coastal Bankshares for $37.3 million.[2]

In 2015, Ameris acquired Merchants & Southern Banks of Florida for $50.0 million. It also acquired 18 bank branches from Bank of America in North Florida and South Georgia and acquired Jacksonville Bancorp.[2]

In 2016, Ameris moves its executive team to new offices in Jacksonville, Florida.[14]

In May 2018, Ameris acquired Atlantic Coast Financial.[15]

In July 2019, Ameris acquired Fidelity Southern Corporation.[16]

In October 2019, the company moved its headquarters to Atlanta.[14]

References[edit]

  1. ^ a b c d e f g h i j "History". Ameris Bancorp.
  2. ^ a b c d "Ameris Bancorp 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  3. ^ Trubey, J. Scott (June 7, 2012). "Feds selling stake in Georgia bank, six others". The Atlanta Journal-Constitution.
  4. ^ "Failed Bank Information for American United Bank, Lawrenceville, GA". Federal Deposit Insurance Corporation.
  5. ^ "Failed Bank Information for United Security Bank, Sparta, GA". Federal Deposit Insurance Corporation.
  6. ^ "Failed Bank Information for Satilla Community Bank, Saint Marys, GA". Federal Deposit Insurance Corporation.
  7. ^ Conte, Christian (October 22, 2010). "First Bank of Jacksonville fails". American City Business Journals.
  8. ^ "Failed Bank Information for Darby Bank & Trust Co., Vidalia, GA". Federal Deposit Insurance Corporation.
  9. ^ "Failed Bank Information for Tifton Banking Company, Tifton, GA". Federal Deposit Insurance Corporation.
  10. ^ "Failed Bank Information for One Georgia Bank, Atlanta, GA". Federal Deposit Insurance Corporation.
  11. ^ "Failed Bank Information for High Trust Bank, Stockbridge, GA". Federal Deposit Insurance Corporation.
  12. ^ "Failed Bank Information for Central Bank of Georgia, Ellaville, GA". Federal Deposit Insurance Corporation.
  13. ^ "Failed Bank Information for Montgomery Bank & Trust, Ailey, GA". Federal Deposit Insurance Corporation.
  14. ^ a b Basch, Mark (October 24, 2019). "Ameris Bank moves headquarters, top executives to Atlanta". Jacksonville Daily Record.
  15. ^ "Ameris Bancorp Completes Acquisition of Atlantic Coast Financial Corporation" (Press release). PR Newswire. May 29, 2018.
  16. ^ "Ameris Bancorp Completes Acquisition Of Fidelity Southern Corporation and Announces Appointment Of New CEO" (Press release). PR Newswire. July 1, 2019.

External links[edit]