Ameris Bancorp announces termination of FDIC consent order.
Global Banking News-December 15, 2017--Ameris Bancorp announces termination of FDIC consent order
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Global Banking News - 15 December 2017
Ameris Bancorp (Nasdaq: ABCB), the parent company of Ameris Bank, has said that the Federal Deposit Insurance Corporation (FDIC) has terminated the consent order that was issued to Ameris Bank on December 16, 2016, effective immediately.
The FDIC's consent order was issued in connection with the bank's failure to comply with certain regulatory stipulations. 'Termination of the order affirms that Ameris Bank has complied with all regulatory requirements and expectations,' said Edwin W. Hortman, Jr., president and CEO of Ameris Bancorp. 'We have built a scalable program that is staffed with experts who will be able to meet the demands of a growing bank. I am very proud of the work that was accomplished across our bank by virtually every member of our staff in this initiative.'
Headquartered in Moultrie, Georgia, Ameris Bancorp is a bank holding company and parent company of Ameris Bank. The bank had 97 locations in Georgia, Alabama, northern Florida and South Carolina at the end of the most recent quarter.
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