Ameris Bancorp of Jacksonville, Fla., the parent company of Ameris Bank, announces it has signed a definitive merger agreement under which Ameris will acquire Hamilton State Bancshares Inc., the parent company of Hamilton State Bank based in Hoschton.
Hamilton has three offices in Cartersville and one in Acworth. It grew into Northwest Georgia following its merger with Bartow County Bank in 2011. Hamilton had $150.2 million in deposits in Bartow County as of last June 30, the third largest total of the 12 banks with Cartersville-area offices at the time.
Formed in 2004, Hamilton has $1.8 billion in assets and currently operates 28 banking locations, 24 of which are located within the Atlanta metro area. The merger agreement has been unanimously approved by the board of directors of each company. The transaction is expected to close in the third quarter of 2018 and is subject to customary closing conditions, including the receipt of regulatory approvals and the approval of the shareholders of Hamilton.