MOULTRIE, Ga., July 13 /PRNewswire-FirstCall/ -- AMERIS BANCORP , Moultrie, Georgia, today announced that it has entered into definitive agreements with three other financial institutions that, upon consummation, will result in an aggregate pre-tax gain to Ameris of approximately $3.1 million, or $0.15 per fully diluted share.
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Two of these transactions involve Ameris Bancorp's Florida bank subsidiaries and unrelated institutions located in Mississippi and Georgia. These transactions will allow the unrelated institutions to expand their current operations into Florida. Ameris also entered into definitive agreements for the sale of one of its Georgia banks with branch operations in Meigs, Georgia.
The parties anticipate that the transactions, which are conditioned upon the receipt of all necessary regulatory approvals, will be consummated prior to the end of 2006.
Ameris Bancorp is headquartered in Moultrie, Georgia, and has 42 locations in Georgia, Alabama and northern Florida.
Ameris Bancorp Common Stock is quoted on the NASDAQ National Market under the symbol "ABCB". The preceding release contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe", "estimate", "expect", "intend", "anticipate" and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates which they were made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward- looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.
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