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Investigation announced for Investors in Ameris Bancorp (NASDAQ: ABCB)

12-12-2019 03:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Ameris Bancorp (NASDAQ: ABCB) shares over potential securities laws violations by Ameris Bancorp

An investigation for investors in Ameris Bancorp (NASDAQ: ABCB) shares over potential securities laws violations by Ameris Bancorp

Ameris Bancorp (NASDAQ: ABCB) is under investigation concerning potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Ameris Bancorp (NASDAQ: ABCB), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Ameris Bancorp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Moultire, GA based Ameris Bancorp operates as the bank holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. Ameris Bancorp reported that its annual Total Revenue rose from $364.58 million in 2017 to $461.80 million in 2018 and that its Net Income increased from $73.54 million in 2017 to $121.02 million in 2018.

On November 21, 2019, Ameris Bancorp revealed that the Company had received a subpoena from the U.S. Securities and Exchange Commission requesting documents and materials related to the purchase of U.S. Premium Finance and the sale of certain loans to CEBV LLC. In addition to the SEC subpoena, Ameris Bancorp's subsidiary, Ameris Bank, received a grand jury subpoena from the U.S. Attorney's Office for the Northern District of Georgia.

Shares of Ameris Bancorp (NASDAQ: ABCB) closed on December 11, 2019, at $43.24 per share.

Those who purchased shares of Ameris Bancorp (NASDAQ: ABCB) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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