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ABCB > SEC Filings for ABCB > Form 8-K on 29-Oct-2009All Recent SEC Filings

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Form 8-K for AMERIS BANCORP


29-Oct-2009

Other Events, Financial Statements and Exhibits


Item 8.01. Other Events.

On October 23, 2009, Ameris Bancorp issued a press release announcing the acquisition, through its wholly-owned banking subsidiary, Ameris Bank, of certain assets, and the assumption of certain liabilities, of American United Bank, a full service, single office bank located in Lawrenceville, Georgia. This transaction was completed with the Federal Deposit Insurance Corporation (the "FDIC"), as receiver, after American United Bank was declared closed by the Georgia Department of Banking and Finance. As a result of this transaction, Ameris Bank acquired the assets and deposits of American United Bank at a discount of $19,645,000 and a premium on deposits totaling approximately $286,000. Ameris Bank assumed approximately $101 million in total deposits and acquired $83 million in total loans and $3.6 million in other real estate (ORE). The acquired loans are covered by a five-year loss share agreement with the FDIC.

A copy of the press release is attached as Exhibit 99.1 to this Current Report.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release dated October 23, 2009

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