Latest news with #AmerisBank
Yahoo
09-05-2025
- Business
- Yahoo
Ameris Bank Distributes More Than $1 Million in Grants to Support Heirs' Property Work
Grants made available by Federal Home Loan Bank of Atlanta ATLANTA, May 09, 2025--(BUSINESS WIRE)--Ameris Bank, a member of Federal Home Loan Bank of Atlanta (FHLBank Atlanta), is distributing more than $1,142,000 in grants among three organizations to support work that addresses challenges of heirs' property: $450,000 to Local Initiatives Support Corporation (LISC) Jacksonville (Florida) $442,404 to Legal Services of North Florida $250,000 to Invest Atlanta (Georgia) The grants are made available from FHLBank Atlanta's 2024 Heirs' Property Family Wealth Protection Fund. FHLBank Atlanta is awarding a total of $5.9 million through member banks in its district to 21 organizations actively addressing heirs' property issues. The work by LISC Jacksonville, Legal Services of North Florida and Invest Atlanta will help families avoid involuntary loss of property, resolve tangled title issues, and promote long-term stability through clear and secure homeownership. "Our Fund is addressing a significant homeownership problem. Heirs' property issues occur when land or homes are inherited by an owner's descendants without a will, estate plan, or court document and/or without a clear title and deed to the property," said Kirk Malmberg, president and CEO of FHLBank Atlanta. "Without proper paperwork, a property's condition and value are much harder to maintain, and families may be excluded from accessing home equity loans, tax rebates, homestead exemptions, and disaster recovery assistance." Ameris Bank Director of Community Lending Clyde Anderson said, "We are pleased that our applications for these three organizations were selected to participate in this worthwhile program. The grants will help families hold on to what they've earned and pass it on to the next generation. Clear and stable property ownership is essential to long-term economic mobility and generational wealth." A 2024 Harris Poll by FHLBank Atlanta found that most homeowners (90%) expect the equity in their home to benefit their heirs, yet more than 4 in 10 (43%) do not have a will/trust or estate plan. Further, the survey showed that about 1 in 5 homeowners did not have, or were not sure they have, a clear title (22%) or recorded deed (20%). These factors can exacerbate problems of passing on home equity to build generational wealth among families. About Ameris Bank Ameris Bank, a subsidiary of Ameris Bancorp (NYSE: ABCB), is a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and serves consumer and business customers nationwide through select lending channels. Ameris manages $26.5 billion in assets as of March 31, 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 About FHLBank Atlanta FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members – its shareholders and customers – are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households. For more information, visit View source version on Contacts Katie LopezAmeris Sheryl TouchtonFHLBank of Atlantastouchton@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
09-05-2025
- Business
- Business Wire
Ameris Bank Distributes More Than $1 Million in Grants to Support Heirs' Property Work
ATLANTA--(BUSINESS WIRE)--Ameris Bank, a member of Federal Home Loan Bank of Atlanta (FHLBank Atlanta), is distributing more than $1,142,000 in grants among three organizations to support work that addresses challenges of heirs' property: $450,000 to Local Initiatives Support Corporation (LISC) Jacksonville (Florida) $442,404 to Legal Services of North Florida $250,000 to Invest Atlanta (Georgia) The grants are made available from FHLBank Atlanta's 2024 Heirs' Property Family Wealth Protection Fund. FHLBank Atlanta is awarding a total of $5.9 million through member banks in its district to 21 organizations actively addressing heirs' property issues. The work by LISC Jacksonville, Legal Services of North Florida and Invest Atlanta will help families avoid involuntary loss of property, resolve tangled title issues, and promote long-term stability through clear and secure homeownership. 'Our Fund is addressing a significant homeownership problem. Heirs' property issues occur when land or homes are inherited by an owner's descendants without a will, estate plan, or court document and/or without a clear title and deed to the property,' said Kirk Malmberg, president and CEO of FHLBank Atlanta. 'Without proper paperwork, a property's condition and value are much harder to maintain, and families may be excluded from accessing home equity loans, tax rebates, homestead exemptions, and disaster recovery assistance.' Ameris Bank Director of Community Lending Clyde Anderson said, 'We are pleased that our applications for these three organizations were selected to participate in this worthwhile program. The grants will help families hold on to what they've earned and pass it on to the next generation. Clear and stable property ownership is essential to long-term economic mobility and generational wealth.' A 2024 Harris Poll by FHLBank Atlanta found that most homeowners (90%) expect the equity in their home to benefit their heirs, yet more than 4 in 10 (43%) do not have a will/trust or estate plan. Further, the survey showed that about 1 in 5 homeowners did not have, or were not sure they have, a clear title (22%) or recorded deed (20%). These factors can exacerbate problems of passing on home equity to build generational wealth among families. About Ameris Bank Ameris Bank, a subsidiary of Ameris Bancorp (NYSE: ABCB), is a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and serves consumer and business customers nationwide through select lending channels. Ameris manages $26.5 billion in assets as of March 31, 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 About FHLBank Atlanta FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members – its shareholders and customers – are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households. For more information, visit
Yahoo
26-03-2025
- Health
- Yahoo
Ameris Bank donates $500,000 to Colquitt Regional Hospital
MOULTRIE — Ameris Bank has once again demonstrated its commitment to rural health care by presenting Colquitt Regional with a $500,000 donation. This contribution is part of the bank's ongoing support through the Georgia HEART rural hospital tax credit program. The funds will be utilized to enhance health care services and aid in the future expansion of Colquitt Regional, which includes the construction of a four-floor medical tower. This expansion will increase patient bed capacity from 99 to 155, allowing for enhanced services in surgery and obstetrics and providing greater access to health care for the community. 'We are deeply grateful for Ameris Bank's continued generosity and support of our health system,' Colquitt Regional President and CEO Jim Matney said in a news release. 'Their contributions have had a lasting impact on our medical education initiatives and patient care services, helping us train the next generation of health care professionals. With their support, we can also move forward with our expansion plans to better serve our growing community.' Ameris Bank's donation is made possible through the Georgia HEART program, which allows taxpayers to redirect their state income tax liability to support rural hospitals. Since the program's inception, Ameris Bank has been a dedicated partner in ensuring Colquitt Regional can continue to offer cutting-edge medical care and expand essential services. 'We are honored to support Colquitt Regional once again through the Georgia HEART program,' Ameris Bank CEO H. Palmer Proctor Jr. said 'This program is a vital resource for rural hospitals, and we remain committed to strengthening the communities we serve by helping to improve access to quality health care.' Over the years, Ameris Bank's tax credit contributions have served numerous hospital advancements, including the establishment of the Edwards Cancer Center, the expansion of oncology services to include radiation therapy, the creation of the inpatient Senior Wellness Unit, and the development of the Ameris Bank Medical Educational Building, which serves as a regional hub for health care training and clinical services. Now their contributions also will help make the planned expansion a reality, ensuring more beds and greater access to medical care for patients in need. 'Our hospital is fortunate to have strong partnerships with organizations like Ameris Bank, whose generosity directly benefits our patients and medical staff,' Hospital Authority Chairman John Griffin said. 'Through the Georgia HEART program, we can continue to expand health care services and invest in the future of rural medicine.' For more information on the Georgia Rural Hospital Tax Credit Program, contact Nicole Gilbert at (229) 890-3416.
