Ameris settlement over redlining not addressed in earnings report

The U.S Attorney General said the bank agreed to pay $9 million over allegations it had not been making enough loans in predominantly Black and Hispanic neighborhoods.


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  • | 12:05 a.m. November 2, 2023
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U.S. Attorney General Merrick Garland holds a news conference Oct. 19 in Jacksonville to announce the redlining settlement with Ameris Bank.
U.S. Attorney General Merrick Garland holds a news conference Oct. 19 in Jacksonville to announce the redlining settlement with Ameris Bank.
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A week after the U.S. Attorney General came to Jacksonville to announce a settlement of redlining allegations against the bank, Ameris Bancorp reported earnings – and made no mention of the agreement.

In addition to not addressing the settlement in its Oct. 26 news release on earnings, company officials did not discuss it in their quarterly conference call the next day, and analysts didn’t ask about it either.

That’s not really surprising because the settlement won’t have a significant financial impact on Ameris.

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