Ameris Bancorp board of directors authorizes stock repurchase of up to $200M

Ameris Bancorp (ABCB) announced that its board of directors authorized the Company to repurchase up to $200M of its outstanding common stock. The board’s authorization is a continuation of and increase in the Company’s previously announced share repurchase program which was set to expire on October 31 and under which the Company has repurchased $36.3 million of its outstanding common stock in the past 12 months. H. Palmer Proctor, Jr., the Company’s Chief Executive Officer, stated, “This repurchase plan reflects our disciplined focus on long-term shareholder value and confidence in the strength of the Company’s balance sheet and top of class financial results.”