Ameris Bancorp (NASDAQ:ABCB) Files An 8-K Termination of a Material Definitive Agreement

Ameris Bancorp (NASDAQ:ABCB) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02

Termination of a Material Definitive Agreement.
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The information provided in Item 5.02 of this Current Report on Form 8-K is incorporated by reference into this Item 1.02.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Ameris Bancorp (the “Company”) today announced the retirement, effective as of December 31, 2018, of Joseph B. Kissel, the Company’s Executive Vice President and Chief Information Officer. Prior to joining the Company in 2016, Mr. Kissel served as Executive Vice President and Chief Information Officer of BankUnited in Miami Lakes, Florida.

The Executive Employment Agreement by and among the Company, Ameris Bank and Mr. Kissel dated as of July 25, 2016 will terminate as of December 31, 2018 as a result of Mr. Kissel’s retirement.

About Ameris Bancorp (NASDAQ:ABCB)

Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.

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