Ameris Bancorp Completes Legal Acquisition of Hamilton State Bancshares, Inc.
JACKSONVILLE, Fla. – Ameris Bancorp, the parent company of Ameris Bank, announced the finalization of the merger agreement under which Ameris Bank acquired Hamilton State Bancshares, Inc., the parent company of Hamilton State Bank. The transaction was finalized on June 29, 2018.
The transition and conversion of Hamilton State Bank operating systems, accounts, services and signage to Ameris Bank will be completed at a later date. Until the transition is complete, Hamilton State Bank will operate as a division of Ameris Bank.
“Atlanta and its surrounding areas are important and significant markets for Ameris Bank. The acquisition of Hamilton State Bank allows us the opportunity to further serve our customers in the area and expand our scale in the North Georgia market. The talented group of Hamilton State bankers will be a great addition to the Ameris Bank family and we are excited to have one integrated team,” said Ameris Bank CEO Dennis Zember. “Our customers are our first priority throughout this process and we are committed to ensuring that this is an easy and informative transition for all.”
Customers will have access to a banking network across four states in addition to new resources and products, once the complete transition to Ameris Bank occurs. Hamilton State Bank customers will have access to expanded commercial, equipment and real estate lending options, cash management solutions, preferred lending status with the SBA and in-house residential financing.
“Like Hamilton, Ameris Bank prides itself on being a strong community bank. We are pleased to have the opportunity to offer more resources and innovative products that will benefit our customers. Our commitment remains in providing the best service to the communities in which we operate,” said Robert C. Oliver, Chairman, President & CEO of Hamilton State Bank.
Hamilton State Bank currently operates 28 banking locations, 24 of which are located within the Atlanta MSA and the other four locations are located in Gainesville and North Georgia.
Until Hamilton State Bank’s operating systems are transitioned to Ameris Bank, Hamilton State Bank account assistance will only be available at their locations. Customers will continue to receive regular communication specific to the transition.