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    H. Palmer Proctor

    Chief Executive Officer at Ameris Bancorp
    Since July 1, 2019
    Age
    56 years
    Tenure
    Joined in 2019 and has served as Chief Executive Officer since July 2019 and as Vice Chairman since July 2022.

    Also at Ameris Bancorp

    DDS
    Douglas D. Strange
    Chief Credit Officer
    JAL
    James A. LaHaise
    Corporate Executive Vice President and Chief Strategy Officer
    JLS
    Jody L. Spencer
    Corporate Executive Vice President and Chief Legal Officer

    About

    H. Palmer Proctor, Jr. is a seasoned banking executive known for his leadership and governance in the financial industry.

    He began his association with Ameris Bancorp in 2019 and has since steered the company as its Chief Executive Officer, later expanding his role to include Vice Chairman, thus playing a significant role in shaping the organization’s strategic direction.

    Previously, he held senior roles at Fidelity Bank, serving as President and CEO, coupled with longstanding board directorships since 2004. Although details regarding his educational background are not available, his extensive career across multiple executive positions underscores his commitment to excellence and industry leadership.

    $ABCB Performance Under H. Palmer Proctor

    Past Roles

    OrganizationRoleDate RangeDetails
    Fidelity Bank CEO April 2017 - July 2019 Ended with acquisition by Ameris Bancorp
    Fidelity President April 2006 - July 2019 Role concluded upon acquisition
    Fidelity Bank President October 2004 - July 2019 Ended with transition to ABCB
    Fidelity Bank Director 2004 - July 2019 Role concluded with his full-time transition to ABCB

    External Roles

    OrganizationRoleDate RangeDetails
    Brown and Brown, Inc. Director Since 2012 N/A
    Inspire Brands Director N/A N/A
    Allied Financial Advisory Board Member N/A N/A
    Choate Construction Company Director N/A N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$918,333 Annual 2023 Base salary for 2023
    Bonus$0 Annual 2023 No bonus awarded
    Change in Pension Value and Nonqualified Deferred Compensation Earnings$0 Annual 2023 No pension or deferred compensation earnings reported
    All Other Compensation$98,204 Annual 2023 Includes auto provision ($7,536), dividends ($56,495), employer 401(k) match ($13,200), health and welfare benefits ($15,715), and life insurance ($5,258)

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation 2023

    Performance MeasureWeightThreshold PayoutTarget PayoutMaximum PayoutActual ValueActual Payout
    Credit Quality33% Minimum performance level required Stretch target N/A 0.33% 130%
    Return on Assets (ROA)34% Minimum performance level required Stretch target N/A 1.06% 97.12%
    Efficiency Ratio33% Minimum performance level required Stretch target N/A 52.58% 160.33%

    Additional Details:

    • Total Weighted Payout: 128.83%.
    • Adjustment Mechanism: Payouts may be adjusted by +/- 10% based on individual performance assessments and Compensation Committee discretion.
    • Incentive Calculation Formula: Base Salary x Target Percentage of Base Salary x Company Achievement x Individual Performance, resulting in an actual incentive payout of $1,441,926.
    • Evaluation Period: Annual performance targets for 2023.
    • Grant Date: February 23, 2023 applies to stock awards; no specific vesting schedule is detailed for the Non-Equity Incentive Plan Compensation.