Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Ameris Bancorp Announces Significant Restructuring and Consolidation Plan

MOULTRIE, Ga., Dec. 7, 2012 /PRNewswire/ -- AMERIS BANCORP (NASDAQ-GS: ABCB) today reported restructuring and consolidation plans which are expected to reduce annual operating expense by approximately $12.1 million.  "This plan is the result of the ongoing analysis of our operations by our Board of Directors and our executive management team.  Our mission statement calls for us to be a high-performing community bank, and the most direct path to accomplishing our mission in today's environment requires the changes we have outlined.  The plan we have developed is certainly achievable and within our control.  I believe this plan demonstrates our determination to achieve high-performing results," said Edwin W. Hortman, Jr., President and CEO.

(Logo:  http://photos.prnewswire.com/prnh/20051117/CLTH039LOGO)

Consolidation of Banking Facilities
The Company announced plans to consolidate, close, or sell at least 13 of its 66 branches, as reported at September 30, 2012.  Collectively, these smaller branches represented 2.9% of the Company's total loans and 5.4% of the Company's total non-CD deposits, as of September 30, 2012.  Annualized direct operating expenses associated with these branch facilities (primarily personnel and occupancy costs) total approximately $6.2 million.  The Company expects to complete the consolidation and closure process during the first quarter of 2013.

Restructuring of Ameris Bank & Corporate Support Functions:
In addition to the branch consolidations and closures, the Company has been actively developing and executing efficiency plans for the remaining 53 branches and the corporate support functions.  These plans identify opportunities to reduce annual operating expenses by $5.9 million.  While some of these reductions will be achieved during the fourth quarter of 2012, the majority of the reductions will occur during the first quarter of 2013, concurrent with the branch consolidations and closures. 

Fourth Quarter Charge
The Company expects to record a charge of $2.1 million in the fourth quarter of 2012 for costs associated with these efficiency plans.  The charge is expected to cover severance and lease payments, among other items associated with the plans.

Ameris Bancorp is headquartered in Moultrie, Georgia.  At the end of the most recent quarter the Company had 66 locations in Georgia, Alabama, northern Florida, and South Carolina.

This news release contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe", "estimate", "expect", "intend", "anticipate" and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates which they were made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements and are referred to the Company's periodic filings with the Securities and Exchange Commission for a summary of certain factors that may impact the Company's results of operations and financial condition.

SOURCE Ameris Bancorp

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
The IoT has the potential to transform the world, bringing new functions and efficiency to big problems such as disease, poverty, traffic, and government transparence. It also makes for a nice Christmas gift for “kids in science fair projects.” This latter point was made by Broadcom an...
Everything from jet engines to refrigerators is joining the Internet of Things, pushing networks to the brink. In a new Boeing 747, almost every part of the plane is connected to the Internet, recording and, in some cases, sending continuous streams of data about its status. General El...
The Internet of Things (IoT) is getting personal. Wearables, ingestables, even implantables – devices that not only help us with our fitness, but can monitor and manage disease and its treatment – are right around the corner. And where the IoT goes, money follows. In this case, Big Pha...
When we talk about the impact of BYOD and BYOA and the Internet of Things, we often focus on the impact on data center architectures. That's because there will be an increasing need for authentication, for access control, for security, for application delivery as the number of potentia...
Google has created what it calls a “Matrix-style,” virtual version of California’s road system that it’s been using to test self-driving cars before sending them out onto the actual road, according to the Guardian. Google is apparently so thrilled with its simulation that it asked Cali...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE