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Colonnade Advises US Premium Finance on its Joint Venture with Ameris Bancorp

MOULTRIE, Ga., Dec. 19, 2016 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced that its wholly owned banking subsidiary, Ameris Bank, has entered into a joint venture with US Premium Finance ("USPF") under which Ameris Bank will be the exclusive provider of credit on USPF's nationwide platform. USPF, the nation's sixth largest provider of credit on property and casualty premiums, currently has approximately 1,000 insurance agency customers in 50 states and approximately $400 million in outstanding loans originated and serviced. Commenting on the opportunity with USPF, Edwin W. Hortman, Jr., the Company's President and Chief Executive Officer, said, "We are … [Read more...]

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