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; 47 years ago (1971-10-01) (as American Banking Company)
December 18, 1980; 38 years ago (1980-12-18) (as ABC Holding Company)
Moultrie, Georgia[1]
FounderEugene M. Vereen, Jr.
Headquarters
Riverplace Tower
1301 Riverplace Boulevard
Jacksonville, Florida
,
Area served
Southeastern US
Key people
·Edwin Hortman, Jr., Ameris Bank Chief Executive Officer, Ameris Bancorp President & Chief Executive Officer
·Dennis J. Zember Jr., Ameris Bank Executive Vice President and Chief Operating Officer, Ameris Bancorp Executive Vice President, Chief Operating Officer & Chief Financial Officer
·Andrew B. Cheney, Executive Vice President and Chief Banking Executive for Ameris Bank and Ameris Bancorp
·Lawton E. Bassett, III, Ameris Bank President & Ameris Bancorp Banking Group President
·Jon S. Edwards, Executive Vice President and Chief Credit Officer for Ameris Bank & Ameris Bancorp
·Joseph Kissel, Executive Vice President and Chief Information Officer for Ameris Bank & Ameris Bancorp
·James A. LaHaise, Executive Vice President and Corporate Banking Executive for Ameris Bank & Ameris Bancorp
·Cindi H. Lewis, Executive Vice President, Chief Administrative Officer and Corporate Secretary for Ameris Bank & Ameris Bancorp
·Stephen A. Melton, J.D., Executive Vice President and Chief Risk Officer for Ameris Bank & Ameris Bancorp
·Daniel B. Jeter, Chairman of the Board of Directors[2]
ProductsConsumer banking, corporate banking, credit cards, mortgage loans
RevenueIncrease US$ 295 million (past four quarters as September 2016)
Increase US$ 43 million (past four quarters as September 2016)
Total assetsIncrease US$ 5.6 billion (2016)[1]
Total equityIncrease US$ 514.8 million (2015)[1]
Number of employees
1,304 (2015)[1]
Websiteamerisbank.com

Ameris Bancorp is an American financial holding company headquartered in Jacksonville, Florida.[3][4] Ameris provides retail and commercial banking services to its customers in Georgia, Alabama, Florida, South Carolina and Tennessee through its wholly owned subsidiary Ameris Bank.[5] Ameris Bancorp was incorporated on December 18, 1980 as ABC Holding Company to act as parent company to American Banking Company. As of December 31, 2015, Ameris had approximately $5.59 billion in total assets, $4.02 billion in total loans, $4.88 billion in total deposits and $514.8 million in stockholder equity.[1]

Current Operations[edit]

Ameris Bancorp operations include a range of retail and commercial banking services, including checking and savings deposits, commercial and consumer loans, trust services, discount brokerage services, and electronic funds transfer services.[6]

History[edit]

Key dates[edit]

  • 1971: American Banking Company founded.[7]
  • 1980: ABC Holding Company forms as parent company to American Banking Company.[7]
  • 1986: ABC Holding Company changes its name to ABC Bancorp.[7]
  • 1987: ABC Bancorp initiates public stock offerings.[7]
  • 1994: ABC Bancorp begins being publicly traded on the NASDAQ Exchange.[7]
  • 1996: ABC Bancorp expansion into Alabama.[7]
  • 2000: ABC Bancorp expansion into Florida.[7]
  • 2005: ABC Bancorp rebrands as Ameris Bancorp.[7]
  • 2006: Ameris expansion into South Carolina.[7]
  • 2008: US Treasury purchases 52,000 shares of Ameris Preferred Stock as part of the Capital Purchase Program (CPP), in connection with the Troubled Asset Relief Program (TARP).[1]
  • 2009: Ameris acquired all assets and liabilities of American United Bank from the FDIC.[1]
  • 2009: Ameris acquired all assets and liabilities of United Security Bank from the FDIC.[1]
  • 2010: Ameris acquired all assets and liabilities of Satilla Community Bank from the FDIC.[1]
  • 2010: Ameris acquired all assets and liabilities of First Bank of Jacksonville from the FDIC.[1]
  • 2010: Ameris acquired all assets and liabilities of Darby Bank & Trust from the FDIC.[1]
  • 2010: Ameris acquired all assets and liabilities of Tifton Banking Company from the FDIC.[1]
  • 2011: Ameris acquired all assets and liabilities of One Georgia Bank from the FDIC.[1]
  • 2011: Ameris acquired all assets and liabilities of High Trust Bank from the FDIC.[1]
  • 2012: Ameris acquired all assets and liabilities of Central Bank of Georgia from the FDIC.[1]
  • 2012: US Treasury sells all 52,000 shares of Ameris Preferred Stock in an effort to wind down its remaining TARP bank investments.
  • 2012: Ameris acquired all assets and liabilities of Montgomery Bank & Trust from the FDIC.[1]
  • 2013: Ameris acquired Prosperity Banking Company for approximately $24.5 million.[1]
  • 2014: Ameris acquired Coastal Bankshares for approximately $37.3 million.[1]
  • 2014: Ameris reacquired all 52,000 shares of outstanding Preferred Shares after the US Treasury sold to private investors in 2012.[1]
  • 2015: Ameris acquired Merchants & Southern Banks of Florida for $50.0 million.[1]
  • 2015: Ameris acquired 18 bank branches from Bank of America in North Florida and South Georgia.[1]
  • 2015: Ameris acquired Jacksonville Bancorp.[1]
  • 2016: Ameris moves its executive team to new offices in Jacksonville, Florida.[3]
  • 2016: Ameris Bancorp was ranked 76th in 'Fortune's 100 Fastest-Growing Companies' list.[8]
  • 2018: Ameris acquired Atlantic Coast Financial Corporation.[9]
  • 2019: Ameris announced its intent to merge with Fidelity Southern Corporation.[10]

References[edit]

  1. ^ a b c d e f g h i j k l m n o p q r s t u v "Form 10-K SEC filing for fiscal year ending on December 31, 2015". ir.amerisbank.com. Ameris Bancorp. Retrieved 24 September 2016.
  2. ^ https://www.amerisbank.com/about-us/leadership/
  3. ^ a b "The thinking behind Ameris Bank's decision to move its headquarters to a Downtown Jacksonville tower". Jacksonville Business Journal. Retrieved 6 October 2016.
  4. ^ "Ameris Bank Celebrates Executive Team's Move to Jacksonville". Ameris Bancorp. Retrieved 6 October 2016.
  5. ^ "Profile: Ameris Bancorp". Reuters. Retrieved 6 October 2016.
  6. ^ "Ameris Bancorp Corporate Profile". Bloomberg.com. Bloomberg L.P. Retrieved 25 September 2016.
  7. ^ a b c d e f g h i "History". Ameris Bancorp. Retrieved 6 October 2016.
  8. ^ "100 Fastest-Growing Companies: Ameris Bancorp 76th". fortune.com. Fortune Magazine. Retrieved 7 October 2016.
  9. ^ "Mergers & Acquisitions". Ameris Bancorp. Ameris Bancorp. Retrieved 10 June 2018.
  10. ^ 84 FR 3445

External links[edit]