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March 25, 2014
10:34 EDTABCBAmeris Bancorp announces redemption of remaining TARP preferred stock
Ameris Bancorp announced the redemption, as of March 24, of the company's remaining preferred stock originally issued under the U.S. Treasury's Troubled Asset Relief Program, totaling $28M. In order to facilitate the redemption, the company incurred no additional debt and issued no additional common equity, instead utilizing excess capital from its bank subsidiary, Ameris Bank.
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January 29, 2015
08:38 EDTABCBAmeris Bancorp announces private placement of common stock
Ameris Bancorp (ABCB)announced the sale of shares of the company's common stock at a price of $22.50 per share to institutional accredited investors through a private placement. The company has received commitments for the sale of up to 5,320,000 shares and is in the process of closing the issuance, which is expected to be completed by January 30. The company expects to receive net proceeds from the private placement of approximately $114.5M, which it intends to use, in part, to fund the cash consideration for its recently announced acquisitions of Merchants & Southern Banks of Florida, Inc. and eighteen Bank of America (BAC) branches located in North Florida and South Georgia.
08:36 EDTABCBAmeris Bancorp to raise $114.5M in a private placement
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08:35 EDTABCBAmeris Bancorp reports Q4 EPS 39c, consensus 44c
Reports Q4 loan loss provision $888K vs. $1.48M a year ago. Reports Q4 net charge-offs $1.70M vs. $2.68M a year ago.

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