May 28, 2017 8:16 PM ET

Banks

Company Overview of Ameris Bank

Company Overview

Ameris Bank provides personal and business banking services. It offers checking, savings, certificates of deposit, and individual retirement accounts; and personal, auto, home equity line of credit, educational, business, and business lines of credit loans, as well as commercial real estate and equipment financing. The company also provides advisory and cash management, and small business administration and residential financing, as well as student, online, and mobile banking services; and credit cards. Ameris Bank was formerly known as American Banking Company and changed its name to Ameris Bank in December 2005. The company was founded in 1971 and is based in Moultrie, Georgia. Ameris Bank...

24 Second Avenue SE

Moultrie, GA 31768

United States

Founded in 1971

Phone:

229-890-1111

Fax:

229-890-2125

Key Executives for Ameris Bank

CEO, Director, CEO of Ameris Bancorp, President of Ameris Bancorp and Director of Ameris Bancorp
Age: 62
President
Age: 47
Chief Financial Officer
Age: 42
Chief Operating Officer
Age: 46
President of the Murrell's Inlet Area
Compensation as of Fiscal Year 2016.

Ameris Bank Key Developments

Ameris Bancorp and Ameris Bank Announces Executive Changes

Effective February 6, 2017, Andrew B. Cheney, formerly Banking Group President of Ameris Bancorp and President of the Ameris Bank, was appointed to serve as Chief Banking Executive of the Company and Ameris Bank. Also effective as of that date, Lawton E. Bassett, III assumed the roles of Banking Group President of the Company and President of Ameris Bank. Mr. Bassett has been with the Company since 1997 and most recently served as Executive Vice President and Chief Banking Officer for the Georgia and Alabama regions of the Company and Ameris Bank.

Ameris Bank Enters into Joint Venture with U.S. Premium Finance, LLC

Ameris Bancorp announced that Ameris Bank has entered into a joint venture with U.S. Premium Finance, LLC under which Ameris Bank will be the exclusive provider of credit on USPF's nationwide platform. USPF currently has approximately 1,000 insurance agency customers in 50 states and approximately $400 million in outstanding loans originated and serviced, of which approximately 92% are fully cash-secured with average durations of ten months. The parties intend to close the joint venture transaction on January 3, 2017. The company anticipates an after-tax return under the USPF joint venture agreements of approximately 1.40%-1.45% on the average outstanding loans, which Ameris Bank acquired at par from USPF's former funding source. Upon closing of the transactions, Ameris Bank's loans and average assets are expected to increase by approximately $400 million. The company expects earnings accretion in the first year of approximately 7%-8%.

Ameris Bank Announces Executive Changes

Effective June 3, 2016, Dennis J. Zember Jr. will serve as Chief Operating Officer of Ameris Bank. In addition, Mr. Cheney will continue to serve as President of Ameris Bank, a position he has held since December 2010. Prior to his new appointment to the additional role of Chief Operating Officer, Mr. Zember served since February 2005 as Executive Vice President and Chief Financial Officer of Ameris Bancorp.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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