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Ameris Bancorp

Company NameAmeris Bancorp
Stock SymbolABCB

On November 21, 2019, after the market closed, the Company disclosed that it had received a subpoena from the U.S. Securities and Exchange Commission (“SEC”) requesting documents and materials related to the purchase of US Premium Finance and the sale of certain loans to CEBV LLC. Additionally, Ameris Bank, the banking subsidiary of the Company, received a grand jury subpoena from the US Attorney’s Office for the Northern District of Georgia. 

On this news, the Company’s stock price fell sharply during afterhours trading, thereby injuring investors.

 

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