MOULTRIE, Ga., July 2, 2018 /PRNewswire/ -- Ameris Bancorp
(Nasdaq: ABCB) (the "Company") announced today that it
completed the acquisition of Hamilton State Bancshares, Inc.
("Hamilton") as of June 29, 2018. Immediately following the
acquisition, Hamilton's banking
subsidiary, Hamilton State Bank, was merged with and into the
Company's banking subsidiary, Ameris Bank, with Ameris Bank the
surviving bank in the merger. Hamilton State Bank previously
operated 28 banking locations, with 24 located within the Atlanta
MSA, two located in the Gainesville,
Georgia MSA and the remaining two locations near the Atlanta
MSA.
Under the terms of the merger agreement between Hamilton and the Company, Hamilton's shareholders are entitled to
receive for each share of Hamilton
voting and non-voting common stock outstanding $0.93 in cash and 0.16 shares of the common stock
of the Company. Cash will be paid in lieu of fractional shares of
the Company's common stock.
The Company also announced that it intends to release its second
quarter 2018 financial results in a press release before the market
opens on Friday, July 27, 2018.
Edwin W. Hortman, Jr., Executive
Chairman, Dennis J. Zember Jr.,
President and Chief Executive Officer, and Nicole S. Stokes, Executive Vice President and
Chief Financial Officer, will host a teleconference at 10:00 a.m. Eastern time on that same day to
discuss the Company's results and answer appropriate questions.
The conference call can be accessed by dialing 1-877-504-1190
(or 1-855-669-9657 for participants in Canada and 1-412-902-6630 for other
international participants). The conference ID name is Ameris
Bancorp ABCB. A replay of the call will be available
beginning one hour after the end of the conference call until
August 10, 2018. To listen to the
replay, dial 1-877-344-7529 (or 1-855-669-9658 for participants in
Canada and 1-412-317-0088 for
other international participants). The conference replay access
code is 10121680. The conference call replay and the financial
information discussed will also be available on the Investor
Relations page of the Ameris Bank website at
www.amerisbank.com.
About Ameris Bancorp
Ameris Bancorp is a bank holding company headquartered in
Moultrie, Georgia. The
Company's banking subsidiary, Ameris Bank, had 126 locations in
Georgia, Alabama, northern Florida and South
Carolina at the end of the most recent quarter, including
the 28 locations acquired in the Hamilton acquisition.
View original content with
multimedia:http://www.prnewswire.com/news-releases/ameris-bancorp-completes-acquisition-of-hamilton-state-bancshares-inc-and-announces-date-of-second-quarter-2018-earnings-release-date-and-conference-call-300674837.html
SOURCE Ameris Bancorp