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Ameris Bancorp Prices Common Share Offering

April 16, 2010 (FinancialWire) – Ameris Bancorp (NASDAQ: ABCB), a financial holding company and parent company of Ameris Bank, said it has priced an underwritten public offering of 8,237,500 shares of its common stock at $9.50 per share, for gross proceeds of around $78.3 million.  

The company said it expects to see net proceeds of around $73.9 million.  The offer is scheduled to close on or about April 20.

Keefe, Bruyette & Woods is acting as lead manager and sole book runner. Ameris has granted the underwriters a 30-day option to purchase up to an additional 1,235,625 shares of the company's common stock to cover over-allotments, if any.

\Georgia-based Ameris Bancorp said it had 53 locations in various markets in Georgia, Alabama, Florida and South Carolina at the end of the most recent quarter.

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