MOULTRIE, Ga., May 12, 2015 /PRNewswire/ -- AMERIS
BANCORP (NASDAQ-GS: ABCB), today announced that all necessary
regulatory approvals have been received with respect to both of the
Company's pending acquisition transactions. The
Merchants and Southern Bank acquisition is scheduled to close on
May 22, 2015, with a conversion date
of September 25, 2015. The
branch acquisition from Bank of America is scheduled to close on
June 12, 2015, with a simultaneous
conversion.
Edwin W. Hortman, Jr., President
and CEO of Ameris Bancorp, said, "We are excited to have received
regulatory approval for both deals and look forward to integrating
the acquired operations in the near future. The conversion
teams are working diligently to ensure a seamless process for our
new customers, and I am confident that we can emerge from that
process in short order and be in position to better serve all of
our customers' banking needs throughout our expanded
footprint."
Ameris Bancorp is headquartered in Moultrie, Georgia, and at the end of the most
recent quarter had 73 locations in Georgia, Alabama, northern Florida and South
Carolina.
This news release contains statements that constitute
"forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. The words
"believe", "estimate", "expect", "intend", "anticipate" and similar
expressions and variations thereof identify certain of such
forward-looking statements, which speak only as of the dates which
they were made. Ameris Bancorp (the "Company") undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Readers are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties and that actual results may differ
materially from those indicated in the forward-looking statements
as a result of various factors. Readers are cautioned not to place
undue reliance on these forward-looking statements and are referred
to the Company's periodic filings with the Securities and Exchange
Commission for a summary of certain factors that may impact the
Company's results of operations and financial condition.
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SOURCE Ameris Bancorp