Ameris Bancorp

Ameris Bancorp

Executive offices on the banks of the St. Johns River in Jacksonville, Florida.
Type	Public company
Traded as	NASDAQ: ABCB S&P 600 Component
Industry	Banking, Financial services
Predecessors	American Banking Company ABC Holding Company ABC Bancorp
Founded	October 1, 1971 (1971-10-01) (as American Banking Company) December 18, 1980 (1980-12-18) (as ABC Holding Company) Moultrie, Georgia[1]
Founder	Eugene M. Vereen, Jr.
Headquarters	Riverplace Tower 1301 Riverplace Boulevard Jacksonville, Florida, U.S.
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]
Products	Consumer banking, corporate banking, credit cards, mortgage loans
Revenue	US$ 295 million (past four quarters as September 2016)
Net income	US$ 43 million (past four quarters as September 2016)
Total assets	US$ 5.6 billion (2016)[1]
Total equity	US$ 514.8 million (2015)[1]
Number of employees	1,304 (2015)[1]
Website	amerisbank.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

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

Key dates

• 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]

References

External links

• Official Website