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May 17, 2010 (FinancialWire) — Ameris Bancorp (NASDAQ: ABCB) said that its wholly-owned subsidiary, Ameris Bank, has entered into a definitive agreement with the Federal Deposit Insurance Corp. to assume the deposits and acquire certain assets of Satilla Community Bank, a single-office bank located in St. Marys, Georgia.

The Georgia Department of Banking and Finance declared Satilla Community Bank closed last Friday and appointed the FDIC as receiver.

As a result of the acquisition, Ameris Bank will assume around $134.0 million in total deposits and acquire around $142.3 million in total assets.

With the acquisition, Georgia-based Ameris Bank will now operate 54 locations in Georgia, Florida, Alabama and South Carolina.

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