[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-501025-105":3,"detail-sidebar-cat-0-en-105":80,"doc-detail-501025-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":73,"head_meta":75,"extra_data":77,"updated_unix":79},105,"en","frb-order-no-2019-08-order-approving-the-acquisition-of-a-bank-holding-company-june-10-2019","FRB Order No. 2019-08 - Order Approving the Acquisition of a Bank Holding Company - June 10, 2019","","FRB Order No. 2019-08 (June 10, 2019) approves Ameris Bancorp’s application under section 3 of the Bank Holding Company Act to merge with Fidelity Southern Corporation and indirectly acquire Fidelity Bank’s state nonmember bank subsidiary. The order describes the proposed merger structure and the expected consolidation effects on assets and deposits. It also explains the notice and comment process, states that comments were considered under statutory factors, and provides interstate analysis under section 3(d) including capital, management, CRA record, and deposit concentration limits.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/frb-order-no-2019-08-order-approving-the-acquisition-of-a-bank-holding-company-june-10-2019/501025/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/frb-order-no-2019-08-order-approving-the-acquisition-of-a-bank-holding-company-june-10-2019/501025.png","ImageObject",300,407,{"name":42,"@type":43},"Theodore","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-18","2026-10-03",true,{"@type":52,"interactionType":53,"userInteractionCount":33},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"What transaction does FRB Order No. 2019-08 approve?","Question",{"text":62,"@type":63},"The order approves Ameris Bancorp’s request to merge with Fidelity Southern Corporation and indirectly acquire Fidelity Bank’s state nonmember bank subsidiary, followed by merging Fidelity Bank into Ameris Bank.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"How did the Board handle public comments before deciding?",{"text":67,"@type":63},"The proposal notice was published and interested persons had an opportunity to submit comments. The time for submitting comments expired, and the Board considered the proposal and all comments under the factors in section 3 of the BHC Act.",{"name":69,"@type":60,"acceptedAnswer":70},"What are the key interstate conditions discussed under section 3(d)?",{"text":71,"@type":63},"Section 3(d) addresses approval for well-capitalized and well-managed applicants, limits approval when the target bank has not existed for the required period, requires consideration of CRA and related compliance records, and includes deposit concentration thresholds that may bar approval.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},501025,1791511504,{"code":4,"msg":81,"data":82},"success",[83,87,91,95,100,105,110,114,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":84,"show_sort_weight":85,"slug":86},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":88,"show_sort_weight":89,"slug":90},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":92,"show_sort_weight":93,"slug":94},"Exam",70,"exam",{"id":96,"doc_module":4,"doc_module_name":25,"category_name":97,"show_sort_weight":98,"slug":99},5,"Comic",60,"comic",{"id":101,"doc_module":4,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},6,"Technology",50,"technology",{"id":106,"doc_module":4,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},7,"Healthcare",40,"healthcare",{"id":111,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":112,"slug":113},8,30,"research-report",{"id":115,"doc_module":4,"doc_module_name":25,"category_name":116,"show_sort_weight":117,"slug":118},9,"Religion & Spirituality",20,"religion-spirituality",{"id":117,"doc_module":4,"doc_module_name":25,"category_name":120,"show_sort_weight":117,"slug":121},"World Cup","world-cup",{"id":123,"doc_module":4,"doc_module_name":25,"category_name":124,"show_sort_weight":123,"slug":125},10,"Lifestyle","lifestyle",{"id":127,"doc_module":4,"doc_module_name":25,"category_name":128,"show_sort_weight":96,"slug":129},19,"General","general",{"code":4,"msg":81,"data":131},{"doc_id":78,"user_id":132,"nickname":42,"user_avatar":133,"doc_module":4,"category_id":111,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":33,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":139,"language":140,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":12,"update_tm":144,"read_time":145},7971461740886,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","FRB Order No. 2019-08 June 10, 2019  \nFEDERAL RESERVE SYSTEM  \nAmeris Bancorp  \nMoultrie, Georgia  \nOrder Approving the Acquisition of a Bank Holding Company  \nAmeris Bancorp (“Ameris”), Moultrie, Georgia, a bank holding company within the meaning of the Bank Holding Company Act of 1956 (“BHC Act”), 1 has requested the Board’s approval under section 3 of the BHC Act 2 to merge with Fidelity Southern Corporation (“FSC”) and thereby indirectly acquire FSC’s state nonmember bank subsidiary, Fidelity Bank, both of Atlanta, Georgia. Fidelity Bank would be merged into Ameris’s state nonmember bank subsidiary, Ameris Bank, Moultrie, Georgia. 3  \nNotice of the proposal, affording interested persons an opportunity to submit comments, has been published (84 Federal Register 3445 (February 12, 2019)) .4 The time for submitting comments has expired, and the Board has considered the proposal and all comments received in light of the factors set forth in section 3 of the BHC Act.  \nAmeris, with consolidated assets of approximately $11.7 billion, is the 136th largest insured depository organization in the United States. Ameris controls approximately $9.6 billion in consolidated deposits, which represent less than 1 percent  \n1 12 U. S.C. § 1841 et seq.  \n2 12 U. S.C. § 1842.  \n3 The merger of Fidelity Bank into Ameris Bank was approved by the Federal Deposit Insurance Corporation (“FDIC”) on May 6, 2019, pursuant to section 18(c) of the Federal Deposit Insurance Act. 12 U.S.C. § 1828(c) .  \n4 12 CFR 262 .3(b) .  \nof the total amount of deposits of insured depository institutions in the United States.5 Ameris controls Ameris Bank, which operates in Georgia, Florida, Alabama, and South Carolina. Ameris is the 8th largest insured depository organization in Georgia, controlling deposits of approximately $5.3 billion, which represent 2.1 percent of the total deposits of insured depository institutions in that state.6 Ameris is the 30th largest insured depository organization in Florida, controlling deposits of approximately $2.6 billion, which represent 0.5 percent of the total deposits of insured depository institutions in that state.  \nFSC, with consolidated assets of approximately $4.8 billion, is the 234th largest insured depository organization in the United States. FSC controls approximately $4.0 billion in consolidated deposits, which represent less than 1 percent of the total amount of deposits of insured depository institutions in the United States. FSC controls Fidelity Bank, which operates in Georgia and Florida. FSC is the  \n15th largest insured depository organization in Georgia, controlling deposits of approximately $3.3 billion, which represent 1.3 percent of the total deposits of insured depository institutions in that state. FSC is the 54th largest insured depository organization in Florida, controlling deposits of approximately $0.8 billion, which represent 0.1 percent of the total deposits of insured depository institutions in that state.  \nOn consummation of the proposal, Ameris would become the 104th largest insured depository organization in the United States, with consolidated assets of approximately $16.5 billion, which represent less than 1 percent of the total assets of insured depository organizations in the United States. Ameris would control total consolidated deposits of approximately $13.6 billion, which represent less than 1 percent of the total amount of deposits of insured depository institutions in the United States. In  \n5 National asset data are as of March 31, 2019, and national deposit data are as of December 31, 2018, unless otherwise noted.  \n6 State deposit data are as of June 30, 2018, unless otherwise noted. In this context, insured depository institutions include commercial banks, savings associations, and savings banks.  \nGeorgia, Ameris would become the 6th largest insured depository organization, controlling deposits of approximately $8.6 billion, which represent 3.4 percent of the total deposits of","cbCaiiQ9ud6sEDPB","https://ap.wps.com/l/cbCaiiQ9ud6sEDPB","pdf",108654,23,"English","# Proposal Approval and Transaction Terms\n## Notice, Comments, and Board Consideration\n## Consolidated Assets and Deposit Ranking\n# Interstate Analysis Under Section 3(d)\n## Conditions for Host-State Acquisition\n## Community Reinvestment and Deposit Limits","[{\"question\":\"What transaction does FRB Order No. 2019-08 approve?\",\"answer\":\"The order approves Ameris Bancorp’s request to merge with Fidelity Southern Corporation and indirectly acquire Fidelity Bank’s state nonmember bank subsidiary, followed by merging Fidelity Bank into Ameris Bank.\"},{\"question\":\"How did the Board handle public comments before deciding?\",\"answer\":\"The proposal notice was published and interested persons had an opportunity to submit comments. The time for submitting comments expired, and the Board considered the proposal and all comments under the factors in section 3 of the BHC Act.\"},{\"question\":\"What are the key interstate conditions discussed under section 3(d)?\",\"answer\":\"Section 3(d) addresses approval for well-capitalized and well-managed applicants, limits approval when the target bank has not existed for the required period, requires consideration of CRA and related compliance records, and includes deposit concentration thresholds that may bar approval.\"}]","FRB Order No. 2019-08 - Order Approving the Acquisition of a Bank Holding Company - June 10, 2019 | PDF",1791016842,58]