Investment Thesis
Ameris Bancorp (ABCB) is a bank holding company headquartered in Atlanta, Georgia. The company's banking subsidiary, Ameris Bank, has locations in Georgia, Alabama, Florida and South Carolina at the end of the most recent quarter. The company has significant deposit market share in both Atlanta and Savannah (Georgia) as well as Jacksonville, Florida (where the old headquarters used to be).
When I think about the longevity of the bank, I expect the recently closed Fidelity Southern acquisition should give ABCB a large deposit platform in Atlanta. From this deposit base, a