AMERIS BANCORP, Moultrie, Georgia, today announced the completion of its previously announced acquisition of 18 branches from Bank of America, National Association.  Deposits assumed in the transaction totaled approximately $654 million, with an additional $3.5 million in loans assumed and $12 million in fixed assets acquired.  

Commenting on the transaction, Edwin W. Hortman, Jr., President and CEO of Ameris Bancorp, said, "We are pleased to have this acquisition and conversion of the branches behind us and look forward to servicing the new customers of Ameris Bank. Our focus now is on investing the new liquidity from both of our recent transactions and achieving the revenue targets we established previously. Our organic loan production, combined with the purchase of investments and whole loan pools, appear to be sufficient to have the new funds fully invested by the end of 2015 at better than initially expected yields."

Ameris Bancorp is headquartered in Moultrie, Georgia, and has, as of the date of this news release, 104 locations in Georgia, Alabama, northern Florida and South Carolina.