Another Focus Bank Takeover for a Big Gain

works out to a 30%+ Annualized return since November 2015


MOULTRIE, Ga. and JACKSONVILLE, Fla., Nov. 17, 2017 /PRNewswire/ -- Ameris Bancorp (ABCB) ("Ameris"), the parent company of Ameris Bank, announced today the signing of a definitive merger agreement under which Ameris will acquire Atlantic Coast Financial Corporation (ACFC) ("Atlantic Coast"), the parent company of Atlantic Coast Bank, Jacksonville, Florida. Upon completion of the transaction, the combined company will have approximately $8.6 billion in assets, $6.9 billion in loans, $6.6 billion in deposits and a branching network across four states.

"We view this transaction as an extension of our plan to build scale in Northeast Florida. With a combined $1.5 billion deposits in the Jacksonville MSA, the addition of Atlantic Coast will solidify us as Northeast Florida's premier community bank. Furthermore, we are excited to grow our franchise with an outstanding team and high quality customer base. A natural complement to our existing branch network, Atlantic Coast positions us well for continued success in our markets," commented Edwin W. Hortman, Jr., President and Chief Executive Officer of Ameris.

Atlantic Coast currently operates twelve banking locations, eight of which are located within the Jacksonville, Florida MSA, three of which are in the Waycross, Georgia MSA, and one of which is in the Douglas, Georgia MSA. This acquisition furthers Ameris's position as the largest community bank in Northeast Florida.

John K. Stephens, Jr., President and Chief Executive Officer of Atlantic Coast, said, "I fully expect our stockholders and customers will be proud to join an exceptional institution in Ameris. We could not be more excited to unlock greater potential through the new resources and products we will have available."

Under the terms of the definitive merger agreement, each share of Atlantic Coast common stock will be converted ...

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Another Huge 100%+ Winner

Original Purchase at $4.10 in April of 2015. Deal Price works out to about $9.45 at current prices


MOULTRIE, Ga. and JACKSONVILLE, Fla., Nov. 17, 2017 /PRNewswire/ -- Ameris Bancorp (ABCB) ("Ameris"), the parent company of Ameris Bank, announced ...

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Great Expectations, World Dominance and Great Sadness

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Great Expectations, World Dominance and Great Sadness

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Another Bonus Bank 100%+ Gain

BANGOR, Maine and COLEBROOK, N.H., Oct. 24, 2017 /PRNewswire/ -- Bangor Bancorp, MHC, parent company of Bangor Savings Bank and Colebrook, New Hampshire-based First Colebrook Bancorp, Inc. (FCNH), parent company of Granite Bank, today jointly announced plans for Granite ...

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High Costs, Low Performers and Fall Baseball

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High Costs, Low Performers and Fall Baseball

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Noble Prize, Angry Cats and Pouting Dogs

A look at markets, basbell and books

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Noble Prize, Angry Cats and Pouting Dogs

A look at markets, baseball and books

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Our 8th Focus Bank Takeover of the year!

We have now had 8 of our banks taken over in 2017 with an average gain of over 100%.

Our focus banks have more than doubled the markets rate of return with far less risk. The banking sector is in ...

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Focus Bank Takeover-100+% Gain

Bank of Marin Bancorp, "BMRC" (BMRC), parent company of Bank of Marin, “the Bank,” and Bank of Napa, N.A., “Bank of Napa” (BNNP), today announced that BMRC has entered into an acquisition agreement with BNNP. Bank of Napa has ...

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BNNP-Another Bonus Stock Takeover

A Gain of over 130%

Bank of Marin Bancorp, "BMRC" (BMRC), parent company of Bank of Marin, “the Bank,” and Bank of Napa, N.A., “Bank of Napa” (BNNP), today announced that BMRC has entered into an acquisition agreement with ...

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