Ameris Bancorp
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.
Type | Public company |
---|---|
NASDAQ: ABCB S&P 600 component | |
Industry | Banking Financial services |
Predecessors | American Banking Company ABC Holding Company ABC Bancorp |
Founded | October 1, 1971 (as American Banking Company) December 18, 1980 (as ABC Holding Company) Moultrie, Georgia[1] |
Founder | Eugene M. Vereen, Jr. |
Headquarters | Atlanta, Georgia, U.S. |
Area served | Georgia Alabama Florida South Carolina |
Key people | H. Palmer Proctor, Jr., CEO James B. Miller, Jr., Chairman Nicole S. Stokes, CFO |
Products | Retail banking Commercial bank Credit cards Mortgage loans |
Revenue | $636 million (2019) |
$161 million (2019) | |
Total assets | $18.242 billion (2019) |
Total equity | $2.469 billion (2019) |
Number of employees | 2,722 (2019) |
Website | www |
Footnotes / references [2] |
History
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
- "History". Ameris Bancorp.
- "Ameris Bancorp 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- Trubey, J. Scott (June 7, 2012). "Feds selling stake in Georgia bank, six others". The Atlanta Journal-Constitution.
- "Failed Bank Information for American United Bank, Lawrenceville, GA". Federal Deposit Insurance Corporation.
- "Failed Bank Information for United Security Bank, Sparta, GA". Federal Deposit Insurance Corporation.
- "Failed Bank Information for Satilla Community Bank, Saint Marys, GA". Federal Deposit Insurance Corporation.
- Conte, Christian (October 22, 2010). "First Bank of Jacksonville fails". American City Business Journals.
- "Failed Bank Information for Darby Bank & Trust Co., Vidalia, GA". Federal Deposit Insurance Corporation.
- "Failed Bank Information for Tifton Banking Company, Tifton, GA". Federal Deposit Insurance Corporation.
- "Failed Bank Information for One Georgia Bank, Atlanta, GA". Federal Deposit Insurance Corporation.
- "Failed Bank Information for High Trust Bank, Stockbridge, GA". Federal Deposit Insurance Corporation.
- "Failed Bank Information for Central Bank of Georgia, Ellaville, GA". Federal Deposit Insurance Corporation.
- "Failed Bank Information for Montgomery Bank & Trust, Ailey, GA". Federal Deposit Insurance Corporation.
- Basch, Mark (October 24, 2019). "Ameris Bank moves headquarters, top executives to Atlanta". Jacksonville Daily Record.
- "Ameris Bancorp Completes Acquisition of Atlantic Coast Financial Corporation" (Press release). PR Newswire. May 29, 2018.
- "Ameris Bancorp Completes Acquisition Of Fidelity Southern Corporation and Announces Appointment Of New CEO" (Press release). PR Newswire. July 1, 2019.