Ameris Bancorp Applies to Acquire Shares of Atlantic Coast Bank

Targeted News Service |

WASHINGTON, -- Ameris Bancorp, Moultrie, Georgia, submitted an application to the Federal Reserve Bank of Atlanta to merge with Atlantic Coast Financial Corp., and thereby directly acquire shares of Atlantic Coast Bank, both of Jacksonville, Florida.

Excerpts of a notice published in the Federal Register states:

The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below.

The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The applications will also be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States.

Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than .

A. Federal Reserve Bank of Atlanta (Kathryn Haney, Director of Applications) 1000 Peachtree Street NE, Atlanta, Georgia 30309. Comments can also be sent electronically to Applications.Comments@atl.frb.org:

1. Ameris Bancorp, Moultrie, Georgia; to merge with Atlantic Coast Financial Corporation, and thereby directly acquire shares of Atlantic Coast Bank, both of Jacksonville, Florida.

Board of Governors of the Federal Reserve System, .

Ann E. Misback,

Secretary of the Board.

[FR Doc. 2018-00063 Filed 1-5-18; ]

BILLING CODE P

found at https://www.federalregister.gov/documents/2018/01/08/2018-00063/formations-of-acquisitions-by-and-mergers-of-bank-holding-companies

TARGETED NEWS SERVICE: Myron Struck, editor; 703/304-1897; editor@targetednews.com; https://targetednews.com

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