Company Profile
- Ameris Bancorp (NASDAQ: ABCB) (“Ameris” or “the company”) is the BHC for subsidiary, Ameris Bank, which operates 164 branches across the Southeast, including a notable presence in GA & FL (6th largest deposit market share in Atlanta where it is headquartered) and smaller concentrations in NC, AL, & SC.
- Following the global financial crisis, Ameris utilized an active M&A strategy including 7 whole bank transactions closed from 2013 to 2019, which added ~$10 billion in assets. However, the most recent bank merger with Fidelity Southern Corporation (3Q19), which brought in Palmer Proctor as CEO, marked a shift towards a more balanced growth approach focused on both organic initiatives and selective M&A. Since then, only the acquisition of Balboa Capital Corporation, a non-bank provider of equipment finance and working capital, has occurred. Moving forward, ABCB aims to prioritize organic growth, specifically C&I, in which it has…