Ameris to Purchase Jacksonville Bank
Ameris Bancorp, headquartered in Moultrie, GA, recently announced plans to purchase Jacksonville Bancorp, the parent company of Jacksonville Bank. The deal is expected to take place in the first quarter of 2016, assuming it passes regulatory review. Ameris currently has 8 locations in Jacksonville, and recently announced that they would be taking on office space in the Riverplace Tower, which will soon feature the Ameris Bank name on the side of the building, as the bank also purchased the sign rights to the building. The merger will result in a new bank with $5.7 billion in assets, $4 billion in loans and $4.9 billion in deposits with 101 locations in 4 states.