Brief: Ameris Bancorp and Fidelity Southern Corporation Announce Merger Agreement

Lionsgate Studios

17/12/2018 13:36

Dec 17 (Reuters) - Ameris Bancorp  ABCB.O :
    * AMERIS BANCORP AND FIDELITY SOUTHERN CORPORATION ANNOUNCE
MERGER
AGREEMENT
    * TRANSACTION IS VALUED AT $27.22 PER SHARE
    * FIDELITY WILL MERGE WITH AND INTO AMERIS IN AN ALL-STOCK
TRANSACTION
    * COMBINED COMPANY WILL HAVE APPROXIMATELY $16.2 BILLION IN
ASSETS
AND A BRANCHING NETWORK ACROSS FOUR STATES
    * DEAL FOR APPROXIMATELY $750.7 MILLION
    * FIVE FIDELITY DIRECTORS, INCLUDING MESSRS. MILLER AND
PROCTOR,
WILL JOIN AMERIS BOARD
    * NICOLE S. STOKES WILL CONTINUE AS CHIEF FINANCIAL OFFICER
OF
BOTH AMERIS AND AMERIS BANK
    * AMERIS BOARD WILL BE INCREASED IN SIZE TO 14 MEMBERS UPON
COMPLETION OF MERGER
    * JAMES B. MILLER, JR., CHAIRMAN AND CHIEF EXECUTIVE OFFICER
OF
FIDELITY, WILL BECOME EXECUTIVE CHAIRMAN OF AMERIS AND AMERIS
BANK
    * DENNIS J. ZEMBER JR. & LAWTON E. BASSETT, III TO REMAIN
CHIEF
EXECUTIVE OFFICER OF AMERIS & PRESIDENT OF AMERIS BANK,
RESPECTIVELY
    * AMERIS BANCORP-UNDER DEAL, EACH SHARE OF FIDELITY COMMON
STOCK,
INCLUDING RESTRICTED SHARES, TO BE CONVERTED INTO RIGHT TO
RECEIVE 0.80 SHARES OF CO

Source text for Eikon:  ID:nPncfcVjwa 
Further company coverage:  ABCB.O 

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