MOULTRIE, Ga., Sept. 8, 2016 /PRNewswire/ -- Ameris Bancorp
(Nasdaq: ABCB) (the "Company") today announced that its Board of
Directors approved a quarterly cash dividend of $0.10 per common share, payable October 11, 2016, to shareholders of record as of
the close of business on September
30, 2016. This reflects a doubling of the prior
dividend of $0.05 per common share
paid in recent quarters.
Commenting on the Company's quarterly dividend, Edwin W. Hortman, Jr., the Company's President
and Chief Executive Officer, said, "We finished the second quarter
of 2016 with capital levels and operating ratios at our target
levels. We are confident that even with this increase in our
dividend, we will be able to continue growing capital levels
despite the best growth rate in assets that we have seen in some
time."
About Ameris Bancorp
Ameris Bancorp is a bank holding
company headquartered in Moultrie,
Georgia. The Company's banking subsidiary, Ameris Bank, had 102 locations in Georgia, Alabama, northern Florida and South
Carolina at the end of the most recent quarter.
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SOURCE Ameris Bancorp