1. Ameris Bank grants $3.75 million for affordable housing in Georgia and Florida. 2. Over 170 rental units will be constructed through these funding projects. 3. The funding is supported by FHLBank Atlanta's Affordable Housing Program. 4. Ameris Bank manages $27.1 billion in assets as of September 2025. 5. Affordable housing initiatives could enhance community relations and reputational capital.
The funding announcement reflects positively on ABCB's community engagement and project funding capabilities. Historical examples show similar announcements can boost stock prices due to perceived growth potential.
The substantial grant for housing supports increase in asset management, reflecting ABCB's competitive positioning in community-focused banking.
While immediate price effects may be limited, the long-term benefits from strong community ties and enhanced sector reputation can lead to sustained growth for ABCB.
Funds from Federal Home Loan Bank of Atlanta Support Several Southeast Communities
Ameris Bank, a member of Federal Home Loan Bank of Atlanta (FHLBank Atlanta), is distributing three $1,250,000 grants to organizations in Georgia and Florida to support the construction of more than 170 affordable rental units.
The affordable housing development projects include:
Ameris Bank worked with the sponsoring organizations to apply for the grants made available from FHLBank Atlanta's 2025 Affordable Housing Program General Fund. In total, FHLBank Atlanta awarded $50 million through a competitive review process to be distributed through its member financial institutions.
"Affordable housing remains a challenge for many communities, and we are pleased that these organizations were awarded $1.25 million each for these meaningful multifamily rental projects," said Ameris Bank President Lawton Bassett. "Working together with housing sponsors and the Federal Home Loan Bank of Atlanta, we can positively impact the lives of hundreds of people."
About Ameris Bank
Ameris Bank, a subsidiary of Ameris Bancorp (NYSE:ABCB), is a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates financial centers in five southeastern states and serves consumer and business customers nationwide through select lending channels. Ameris manages $27.1 billion in assets as of Sept. 30, 2025, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at amerisbank.com.
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Katie Lopez, Ameris Bank
Katie.lopez@amerisbank.com