M&A Deal Summary

Ameris Bank Acquires Jacksonville Bancorp

On October 1, 2015, Ameris Bank acquired financial services company Jacksonville Bancorp for 97M USD

Acquisition Highlights
  • This is Ameris Bank’s 25th transaction in the Financial Services sector.
  • This is Ameris Bank’s largest (disclosed) transaction.
  • This is Ameris Bank’s 25th transaction in the United States.
  • This is Ameris Bank’s 5th transaction in Florida.

M&A Deal Summary
Date 2015-10-01
Target Jacksonville Bancorp
Sector Financial Services
Buyer(s) Ameris Bank
Deal Type Add-on Acquisition
Deal Value 97M USD
Advisor(s) Hovde Group LLC (Financial)
Smith Mackinnon (Legal)

Target

Jacksonville Bancorp

Jacksonville, Florida, United States
Jacksonville Bancorp, Inc. is a provider of various community banking services to businesses and individuals. Jacksonville Bancorp, Inc., a bank holding company, is the parent of The Jacksonville Bank, a Florida state-chartered bank focusing on the Northeast Florida market with eight full-service branches in Jacksonville and Jacksonville Beach, Duval County, Florida, as well as one virtual branch.

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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 25 of 28
Sector (Financial Services) 25 of 28
Type (Add-on Acquisition) 15 of 17
State (Florida) 5 of 6
Country (United States) 25 of 28
Year (2015) 2 of 2
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-29 Merchants & Southern Banks of Florida

Gainesville, Florida, United States

Merchants & Southern Banks of Florida, Inc. is a provider of various banking services & products for individuals and companies. As of December 31, 2014, Merchants & Southern had assets of $473 million, gross loans of $214 million and deposits of $336 million.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-12 Island Bancorp

Edgartown, Massachusetts, United States

Island Bancorp, Inc. is a provider of loans and depositary services through its subsidiary. Island Bancorp is based in Edgartown, Massachusetts.

Sell -
Mergr

Product

Company

Legal