Fidelity Southern Corporation Overview and Benefits

Fidelity Southern Corporation is a bank holding company that operates in the southeastern United States.

Headquartered in Atlanta, Georgia, the company has a long history dating back to 1888.

Fidelity Southern Corporation is a community-focused bank that prioritizes the needs of its customers and the communities it serves.

With a strong presence in Georgia, Florida, and Alabama, the company offers a range of financial services to individuals, businesses, and organizations.

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Fidelity Southern Corporation is a financial services company that was founded in 2007 through the merger of Southern Community Bank and Trust and Fidelity Bank of Georgia.

It has a long history dating back to 1888, when it was first established as a community bank in Atlanta.

The company's headquarters is located in Atlanta, Georgia, and it operates over 130 banking offices across the Southeast.

Fidelity Southern Corporation is a bank holding company that operates through its subsidiary, Fidelity Bank.

The company has a strong presence in the Southeast, with operations in Georgia, Alabama, and Florida.

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Fidelity Southern Corporation offers 401(k) plans to its employees, which can be a great way to save for retirement.

These plans are designed to help employees save for their future, with a match from the company.

The company's 401(k) plans also allow employees to choose from a variety of investment options.

A 401(k) plan is a type of employer-sponsored retirement savings plan that allows employees to contribute a portion of their paycheck to a tax-deferred account.

You can contribute up to $19,500 per year to a 401(k) plan in 2022, but if you're 50 or older, you can contribute an additional $6,500 as a catch-up contribution.

Most 401(k) plans have a vesting schedule, which means that you may not own the employer contributions to your account right away.

Employer matching contributions can make a big difference in your 401(k) plan - some employers match 50% of your contributions up to 6% of your salary.

401(k) plans often have a variety of investment options, such as stocks, bonds, and mutual funds, which can be selected through a participant-directed brokerage account.

Rolling over a 401(k) allows you to take control of your retirement savings.

You can roll over a Fidelity Southern Corporation 401(k) into an IRA, which will give you more control over your retirement savings.

There are three steps to rolling over a Fidelity Southern Corporation 401(k):

You can use Capitalize, which offers a seamless, online 401(k) rollover service to help you through the process.

Fidelity Southern Corporation has been involved in several mergers and acquisitions throughout its history. One notable example is its acquisition of Southern Community Bank and Trust in 2011, which expanded its presence in the southeastern United States.

Fidelity Southern Corporation has a strong track record of successful acquisitions, with a focus on growing its presence in the region. Its acquisition of Southern Community Bank and Trust added 14 branches and over $1 billion in assets to the company.

The acquisition of Southern Community Bank and Trust was a strategic move to expand Fidelity Southern Corporation's reach and offerings in the southeastern United States.

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Fidelity Southern's profit rose nearly 10.8% from a year earlier, thanks to its recent acquisition in Florida. The company's net income was $8.8 million, or 38 cents per share.

The acquisition added $170.7 million in deposits and six branches to Fidelity Southern's portfolio. Total deposits increased 13.4% from a year earlier to $2.5 billion in the third quarter.

Noninterest income rose 8% to $27.9 million, mainly due to gains on the sale of indirect auto and small-business loans. This growth was a result of the company's expansion into new markets.

The acquisition also led to higher salaries and benefits, as well as administrative support costs, which increased noninterest expense by 4.7%. Despite this, the company's net interest margin was 3.56%, up 8 basis points from a year earlier.

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Ameris Bancorp's merger agreement with Fidelity Southern Corporation was announced in August 2021.

The deal was valued at approximately $1.3 billion.

The combined entity will operate under the Ameris Bank brand and will have over $20 billion in assets.

Ameris Bancorp's shareholders will own about 55% of the merged company.

The merger is expected to be completed in the first quarter of 2023, pending regulatory approvals.

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