Girish Mahajan (Editor)

Ameris Bancorp

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Type
  
Public company

Area served
  
Southeastern US

Total assets
  
5.6 billion USD (2015)

Founded
  
Moultrie

Founder
  
Eugene M. Vereen, Jr.

Headquarters
  
Jacksonville

Number of employees
  
1,304

Total equity
  
514.8 million USD (2015)

Ameris Bancorp httpswwwamerisbankcomwpcontentuploads2016

Traded as
  
NASDAQ: ABCB S&P 600 Component

Industry
  
Banking, Financial services

Predecessors
  
American Banking Company ABC Holding Company ABC Bancorp

Revenue
  
295 million USD (past four quarters as September 2016)

Net income
  
43 million USD (past four quarters as September 2016)

Ameris Bancorp is an American financial holding company headquartered in Jacksonville, Florida. 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. 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.

Contents

Current Operations

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.

Key dates

  • 1971: American Banking Company founded.
  • 1980: ABC Holding Company forms as parent company to American Banking Company.
  • 1986: ABC Holding Company changes its name to ABC Bancorp.
  • 1987: ABC Bancorp initiates public stock offerings.
  • 1994: ABC Bancorp begins being publicly traded on the NASDAQ Exchange.
  • 1996: ABC Bancorp expansion into Alabama.
  • 2000: ABC Bancorp expansion into Florida.
  • 2005: ABC Bancorp rebrands as Ameris Bancorp.
  • 2006: Ameris expansion into South Carolina.
  • 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).
  • 2009: Ameris acquired all assets and liabilities of American United Bank from the FDIC.
  • 2009: Ameris acquired all assets and liabilities of United Security Bank from the FDIC.
  • 2010: Ameris acquired all assets and liabilities of Satilla Community Bank from the FDIC.
  • 2010: Ameris acquired all assets and liabilities of First Bank of Jacksonville from the FDIC.
  • 2010: Ameris acquired all assets and liabilities of Darby Bank & Trust from the FDIC.
  • 2010: Ameris acquired all assets and liabilities of Tifton Banking Company from the FDIC.
  • 2011: Ameris acquired all assets and liabilities of One Georgia Bank from the FDIC.
  • 2011: Ameris acquired all assets and liabilities of High Trust Bank from the FDIC.
  • 2012: Ameris acquired all assets and liabilities of Central Bank of Georgia from the FDIC.
  • 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.
  • 2013: Ameris acquired Prosperity Banking Company for approximately $24.5 million.
  • 2014: Ameris acquired Coastal Bankshares for approximately $37.3 million.
  • 2014: Ameris reacquired all 52,000 shares of outstanding Preferred Shares after the US Treasury sold to private investors in 2012.
  • 2015: Ameris acquired Merchants & Southern Banks of Florida for $50.0 million.
  • 2015: Ameris acquired 18 bank branches from Bank of America in North Florida and South Georgia.
  • 2015: Ameris acquired Jacksonville Bancorp.
  • 2016: Ameris moves its executive team to new offices in Jacksonville, Florida.
  • 2016: Ameris Bancorp was ranked 76th in 'Fortune's 100 Fastest-Growing Companies' list.
  • References

    Ameris Bancorp Wikipedia