Ameris Bank Distributes More Than $1 Million in Grants to Suppor
Summary
Ameris Bank is distributing over $1 million in grants to support heirs property work. The grants are part of a larger $5.9 million initiative by FHLBank Atlanta.Ameris Bank, a subsidiary of Ameris Bancorp (ABCB, Financial), has announced the distribution of more than $1,142,000 in grants to three organizations to address the challenges associated with heirs property. This initiative is part of FHLBank Atlantas broader strategy, which involves allocating a total of $5.9 million among 21 organizations that are tackling heirs property issues.Heirs property issues typically arise when land or homes are inherited without a clear title, will, or estate plan, resulting in complications in maintaining property value and accessing home equity loans. Our Fund is addressing a significant homeownership problem, stated Kirk Malmberg, president and CEO of FHLBank Atlanta.Clyde Anderson, Ameris Bank Director of Community Lending, emphasized the importance of the grants, stating they will help families secure property ownership and facilitate the transfer of wealth across generations. This aligns with findings from a 2024 Harris Poll by FHLBank Atlanta, revealing that while 90% of homeowners intend for their home equity to benefit heirs, 43% lack a will or estate plan, potentially complicating the inheritance process.Ameris Bank, headquartered in Atlanta, operates 164 financial centers across the Southeast, serving a diverse range of customer needs.
Funding
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