Ameris Bancorp · Moultrie, GA United States ·(NASDAQ (GS): ABCB)
Company Description
Phone: 229-890-1111
Fax: 229-890-2235
Toll Free: 800-845-5219
View Ameris Bancorp Locations On A US Map
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This link will open in a new window Ameris Bancorp (formerly ABC Bancorp) enjoys the financial climate of the Deep South. The institution is the holding company of Ameris, a community bank serving Alabama, Georgia, South Carolina, and northern Florida from some 45 branch locations. Ameris offers standard deposit products and services, including checking and savings accounts, money market accounts, and NOW accounts; it also provides credit card, trust, and brokerage services. Commercial real estate mortgages make up about 55% of its loan portfolio, while residential real estate mortgages and construction loans each account for about 10%. To read the full description, subscribe now.
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Key Ameris Bancorp Financials
| Company Type | Public - NASDAQ (GS): ABCB Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $91.8 |
| 2008 Employees | 595 |
Ameris Bancorp Executives
30 executives listed for Ameris Bancorp's Moultrie, GA location.
| Title | Name & Bio | Contact |
| President, CEO, and Director; President and CEO, Ameris Bank | Edwin Hortman | Network |
| EVP and COO | Marc Bogan | Network |
| EVP and CFO | Dennis Zember | Network |
Competition
Competitive Landscape for Ameris Bancorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Ameris Bancorp Competitors
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