1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Florida >
  6. Ameris Bank Acquires Citizens Bancshares

M&A Deal Summary

Ameris Bank Acquires Citizens Bancshares

On December 2, 2004, Ameris Bank acquired financial services company Citizens Bancshares for 12M USD

Acquisition Highlights
  • This is Ameris Bank’s 9th transaction in the Financial Services sector.
  • This is Ameris Bank’s 8th largest (disclosed) transaction.
  • This is Ameris Bank’s 9th transaction in the United States.
  • This is Ameris Bank’s 1st transaction in Florida.

M&A Deal Summary
Date 2004-12-02
Target Citizens Bancshares
Sector Financial Services
Buyer(s) Ameris Bank
Deal Type Add-on Acquisition
Deal Value 12M USD
Advisor(s) Hovde Group (Financial)
Igler and Pearlman (Legal)

Target

Citizens Bancshares

Crawfordville, Florida, United States
Citizens Bancshares provides various banking services and products. Citizens Bancshares had total assets of approximately $54.3 million and total equity of approximately $4.6 million.

Search 205,905 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 9 of 28
Sector (Financial Services) 9 of 28
Type (Add-on Acquisition) 9 of 17
State (Florida) 1 of 6
Country (United States) 9 of 28
Year (2004) 1 of 1
Size (of disclosed) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-21 Golden Isles Financial Holdings

St Simons Island, Georgia, United States

Golden Isles Financial Holdings, Inc. is a provider of general, commercial, and retail banking services through its subsidiaries, The First Bank of Brunswick and First Credit Service Corporation.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-30 First National Banc

United States

First National Banc, Inc. is a provider of banking services includes personal and commercial, and services long-term mortgage loans.

Buy $35M
Mergr

Product

Company

Legal