Ameris Bancorp

Ameris Bancorp
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 Increase US$ 295 million (past four quarters as September 2016)
Increase US$ 43 million (past four quarters as September 2016)
Total assets Increase US$ 5.6 billion (2016)[1]
Total equity Increase 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]
  • 2018: Ameris acquired Atlantic Coast Financial Corporation.[9]

References

  1. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 "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. 1 2 "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. 1 2 3 4 5 6 7 8 9 "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.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.