Ameris, which has consolidated assets of about $7.9 billion (£5.9 billion), will take over Hamilton, with $1.8 billion in assets. The combined group will be a top 200 bank by assets.
(Reporting by Michelle Price; Editing by Richard Chang)
Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
48.04 USD | +1.13% | +4.47% | -8.86% |
Apr. 25 | Earnings Flash (ABCB) AMERIS BANCORP Posts Q1 Revenue $267.3M, vs. Street Est of $258M | MT |
Apr. 25 | Earnings Flash (ABCB) AMERIS BANCORP Posts Q1 EPS $1.10, vs. Street Est of $1.04 | MT |
WASHINGTON (Reuters) - The U.S. Federal Reserve said on Wednesday it had approved a merger between Georgia's Ameris Bancorp and Hamilton State Bancshares, in a further sign of growing bank consolidation in the country.
Ameris, which has consolidated assets of about $7.9 billion (£5.9 billion), will take over Hamilton, with $1.8 billion in assets. The combined group will be a top 200 bank by assets.
(Reporting by Michelle Price; Editing by Richard Chang)
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