M&A Deal Summary

Ameris Bank Acquires Central Bankshares

On January 4, 1996, Ameris Bank acquired financial services company Central Bankshares for 8M USD

Acquisition Highlights
  • This is Ameris Bank’s 3rd transaction in the Financial Services sector.
  • This is Ameris Bank’s 12th largest (disclosed) transaction.
  • This is Ameris Bank’s 3rd transaction in the United States.
  • This is Ameris Bank’s 1st transaction in Minnesota.

M&A Deal Summary
Date 1996-01-04
Target Central Bankshares
Sector Financial Services
Buyer(s) Ameris Bank
Deal Type Add-on Acquisition
Deal Value 8M USD
Advisor(s) Powell Goldstein LLP (Legal)

Target

Central Bankshares

Golden Valley, Minnesota, United States
Central Bankshares, Inc. operates as a bank holding company and provides personal and business banking products and services.

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Buyer(S) 1

Buyer

Ameris Bank

Atlanta, Georgia, United States
Category Company
Founded 1971
Sector Financial Services
Employees2,759
Revenue 1.0B USD (2023)
DESCRIPTION

Ameris Bank is the parent of Ameris Bank, a Georgia state-chartered bank. Ameris Bank currently has 100+ locations in Georgia, Alabama, northern Florida and South Carolina. Ameris Bank was incorporated in 1971 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 28
Sector (Financial Services) 3 of 28
Type (Add-on Acquisition) 3 of 17
State (Minnesota) 1 of 1
Country (United States) 3 of 28
Year (1996) 1 of 3
Size (of disclosed) 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-12-19 Southland Bancorp.

United States

Southland Bancorp. operates as a bank holding company and provides personal and business banking products and services.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-04-16 First National Bank of South Georgia

Albany, Georgia, United States

First National Bank of South Georgia serving the needs of the people and businesses of Albany and Dougherty County.

Buy $11M
Mergr

Product

Company

Legal