Ameris Bancorp (NASDAQ-GS: ABCB, "Ameris") and The Prosperity Banking Company ("Prosperity") today jointly announced that the previously announced merger under which Ameris will acquire Prosperity has received all requisite regulatory approvals. The shareholders of Prosperity, at a special meeting of shareholders held on November 20, 2013, also previously approved the merger. Ameris and Prosperity expect the merger to be completed on or about December 23, 2013.
Ameris is a financial holding company. Through its wholly-owned subsidiary, Ameris Bank, Co. provides a range of banking services to its retail and commercial customers in Georgia, Alabama, Florida and South Carolina. Co. provides agricultural loans, commercial business loans, commercial and residential real estate construction and mortgage loans, consumer loans, revolving lines of credit and letters of credit. Co. also provides deposit accounts, which include commercial and retail checking accounts, savings accounts, money market accounts, individual retirement accounts and certificates of deposit. At Dec 31 2012, Co. had total assets of $3.02 billion and total deposits of $2.62 billion.
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