Ameris Bank CEO on what prompted the company's transfer of its stock listing to the NYSE
Palmer Proctor, CEO of Ameris Bank, tells us what prompted the transfer of Ameris' stock listing to the NYSE and discusses theirΒ ...
Vice Chairman & Chief Executive Officer, Ameris Bancorp
Search every verified H. Proctor interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Palmer Proctor, CEO of Ameris Bancorp, rang the opening bell at the New York Stock Exchange on September 17, 2024, to celebrate the transfer of the company's stock listing to the NYSE. Proctor said the exchange was a better fit for the 50-year-old institution, citing stability and sustainability. He stated that the company's primary focus remains organic growth, though mergers and acquisitions remain of interest, and described the bank as not dependent on M&A. Proctor commented on the regional banking sector, saying he believed it was "finally getting recognized" as net interest margins and the cost of funds have begun to stabilize. He noted that specialist investors have shown increased interest, while generalist investors remain largely on the sidelines. Proctor expressed optimism for a "soft landing" that could lead to further appreciation in regional bank stocks. Looking ahead, he said the bank would continue on its current trajectory, describing Ameris as well-positioned with strong capital and leadership.
“We felt like the New York Stock Exchange would be more reflective of our company. The history of our company is a 50-year-old institution and so when we think about stability and sustainability and going forward we just felt like the New York Stock Exchange would be the best fit for us.”
“The current strategy has not changed. Our primary focus is always organic growth and we do a very good job of that. M&A is certainly of interest to us but we're not dependent on M&A and that's a very different model than a lot of other companies have.”
“I think the sector is finally getting recognized. I think the net interest margins have kind of stabilized, the cost of funds is starting to stabilize and when you see that I think there's a little more interest in the stocks especially with the specialist.”
“The generalist are still on the sidelines to a certain degree but I think as we come into hopefully what's going to be a soft landing then we'll start seeing some appreciation which we've seen over the last couple weeks in a lot of the Regional Bank stocks.”
Palmer Proctor, CEO of Ameris Bank, tells us what prompted the transfer of Ameris' stock listing to the NYSE and discusses theirΒ ...
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