Ameris Bancorp. acquires Satilla Community Bank

On May 14, 2010, Ameris Bancorp. acquired Satilla Community Bank, a financial services company in Georgia, United States, from Federal Deposit Insurance Corp.

Deal at a glance

AnnouncedMay 14, 2010 TypeDivestiture TargetSatilla Community Bank Buyer Ameris Bancorp. Seller Federal Deposit Insurance Corp. SectorFinancial Services LocationGeorgia, United States ValueNot disclosed

Target company

Satilla Community Bank

Georgia, United States

Financial Servicessector

-founded

Activestatus

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Buyer

Ameris Bancorp.

Company · 9 deals on record

6th transaction in financial services
6th transaction in United States

9deals, all time

9in this sector

2017latest

Seller

Federal Deposit Insurance Corp.

Company · 10 deals on record

10investments

10in this sector

10exits

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Co-investors and the other advisors on this deal

Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired Satilla Community Bank?Ameris Bancorp. acquired Satilla Community Bank on May 14, 2010.

Who sold Satilla Community Bank?Federal Deposit Insurance Corp. was the seller.

What type of deal was it?It was a divestiture in the financial services sector in 2010.

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