Skip to main content

Ameris Bancorp and Fidelity Southern Reach Merger Agreement

NationalMortgageProfessional.com
Dec 21, 2018
Ameris Bancorp, the parent company of Ameris Bank, and Fidelity Southern Corporation, the parent company of Fidelity Bank, have jointly announced the signing of a definitive merger agreement pursuant to which Fidelity will merge with and into Ameris in an

Ameris Bancorp, the parent company of Ameris Bank, and Fidelity Southern Corporation, the parent company of Fidelity Bank, have jointly announced the signing of a definitive merger agreement pursuant to which Fidelity will merge with and into Ameris in an all-stock transaction. The combined company will have approximately $16.2 billion in assets and a branching network across four states. Seventy-two branches and $4.7 billion of deposits are located in the Atlanta MSA; 26 branches and approximately $1.8 billion of deposits are located in the Jacksonville, Fla. MSA.
 
Upon completion of the merger, James B. Miller Jr., Chairman and Chief Executive Officer of Fidelity, will become Executive Chairman of Ameris and Ameris Bank; and H. Palmer Proctor Jr., President of Fidelity and Chief Executive Officer of Fidelity Bank, will become President of Ameris and Chief Executive Officer of Ameris Bank. Dennis J. Zember Jr. and Lawton E. Bassett III will remain Chief Executive Officer of Ameris and President of Ameris Bank, respectively. Nicole S. Stokes will continue as Chief Financial Officer of both Ameris and Ameris Bank.
 
"We have known Jim and Palmer for many years and have admired the exceptional community bank they have built. Fidelity Bank is the crown jewel of Atlanta and we couldn't be more excited to partner with such a fine institution," said Dennis J. Zember Jr., Chief Executive Officer of Ameris. "This partnership not only strengthens our management team, but also creates a dynamic franchise with the opportunity for quality growth for the foreseeable future."
 
The merger agreement has been unanimously approved by the board of directors of each company.  The transaction is expected to close in the second quarter of 2019 and is subject to customary closing conditions, including the receipt of regulatory approvals and the approval of the Ameris and Fidelity shareholders.

 
Published
Dec 21, 2018
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021