MOULTRIE, Ga., Dec. 14, 2017 /PRNewswire/ -- Ameris Bancorp
(Nasdaq: ABCB), the parent company of Ameris Bank, today announced that the Federal
Deposit Insurance Corporation (FDIC) has terminated the Consent
Order it issued to Ameris Bank on
December 16, 2016, effective
immediately.
The FDIC's Consent Order was associated with certain
deficiencies in Ameris Bank's
Anti-Money Laundering and Bank Secrecy Act (AML/BSA) compliance
program that arose out of regulatory examinations conducted in
2016.
"Termination of the order affirms that Ameris Bank has complied with all regulatory
requirements and expectations," said Edwin
W. Hortman, Jr., President and CEO of Ameris Bancorp.
"We have built a scalable program that is staffed with experts who
will be able to meet the demands of a growing bank. I am very
proud of the work that was accomplished across our bank by
virtually every member of our staff in this initiative."
About Ameris Bancorp
Ameris Bancorp is a bank
holding company headquartered in Moultrie, Georgia. The Company's banking
subsidiary, Ameris Bank, had 97
locations in Georgia, Alabama, northern Florida and South
Carolina at the end of the most recent
quarter.
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SOURCE Ameris Bancorp