8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): March 10, 2014

Ameris Bancorp

(Exact Name of Registrant as Specified in Charter)

Georgia	001-13901	58-1456434
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

310 First Street, S.E., Moultrie, Georgia	31768
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (229) 890-1111

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01. Entry into a Material Definitive Agreement.

On March 10, 2014, Ameris Bancorp, a Georgia corporation (“Ameris”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Coastal Bankshares, Inc., a Georgia corporation (“Coastal”), which provides that, upon the terms and subject to the conditions set forth therein, Coastal will merge with and into Ameris (the “Merger”), and immediately thereafter, Coastal’s subsidiary bank, The Coastal Bank, will be merged with and into Ameris’s subsidiary bank, Ameris Bank. Upon consummation of the Merger, Coastal’s shareholders will be entitled to receive 0.4671 shares of Ameris common stock for each share of Coastal common stock they hold.

In the event the Agreement is terminated under certain specified circumstances in connection with a competing transaction, Coastal will be required to pay Ameris a termination fee of $1.9 million in cash. In addition, Coastal may elect to terminate the Merger Agreement if the average closing price of Ameris’s common stock for the twenty days beginning on the twenty-fifth day before the effective time of the Merger has declined by more than 20% from its price on the day immediately prior to the execution of the Merger Agreement, and Ameris’s common stock underperforms the Keefe Bruyette & Woods Regional Banking Index by more than 20% during such period.

Consummation of the Merger is subject to customary conditions, including, among others, approval of the Merger Agreement by Coastal’s shareholders and the receipt of required regulatory approvals.

The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement, which is attached hereto as Exhibit 2.1 and is incorporated herein by reference. The Merger Agreement should not be read alone, but should instead be read in conjunction with the other information regarding Coastal, Ameris, their respective affiliates or their respective businesses, the Merger Agreement and the Merger that will be contained in, or incorporated by reference into, the Registration Statement on Form S-4 of Ameris that will include a prospectus of Ameris and a Proxy Statement of Coastal.

Cautionary Statements Regarding Forward-Looking Information

This Current Report on Form 8-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Ameris’s performance or achievements to be materially different from any expected future results, performance or achievements. Forward-looking statements speak only as of the date they are made and neither Ameris nor Coastal assumes any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements about the benefits of the business combination transaction involving Ameris and Coastal, including future financial and operating results, the combined company’s plans, objectives, expectations and intentions and other statements that are not historical facts. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: (i) the possibility that the Merger does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all; (ii) changes in Ameris’s stock price before closing, including as a result of the financial performance of Ameris prior to closing, or more generally due to broader stock market movements, and the performance of financial companies and peer group companies, (iii) the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Ameris and Coastal operate; (iv) the ability to promptly and effectively integrate the businesses of Ameris and Coastal; (v) the reaction of the companies’ customers, employees and counterparties to the transaction; and (vi) diversion of management time on merger-related issues. For more information, see the risk factors described in Ameris’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission.

Item 7.01 Regulation FD Disclosure.

The press release issued by Ameris on March 11, 2014 announcing the Merger is furnished herewith as Exhibit 99.1. The investor presentation material to be used by Ameris for its conference call on March 11, 2014 to discuss the Merger is furnished herewith as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

2.1	Agreement and Plan of Merger dated as of March 10, 2014 by and between Ameris Bancorp and Coastal Bankshares, Inc.
99.1	Press release dated March 11, 2014
99.2	Investor Presentation Materials

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

AMERIS BANCORP
By:	/s/ Dennis J. Zember Jr.
	Dennis J. Zember Jr.
	Executive Vice President and Chief Financial Officer
	(principal accounting and financial officer)

Dated: March 11, 2014

EXHIBIT INDEX

Exhibit No.	Exhibit
2.1	Agreement and Plan of Merger dated as of March 10, 2014 by and between Ameris Bancorp and Coastal Bankshares, Inc.
99.1	Press release dated March 11, 2014
99.2	Investor Presentation Materials

EX-2.1

Exhibit 2.1

AGREEMENT AND PLAN OF MERGER

by and between

AMERIS BANCORP

and

COASTAL BANKSHARES, INC.

Dated as of March 10, 2014

TABLE OF CONTENTS

		Page
ARTICLE I        THE MERGER			1
1.1	The Merger		1
1.2	Effective Time		1
1.3	Effects of the Merger		2
1.4	Conversion of Stock		2
1.5	Treatment of Coastal Options		3
1.6	Warrants		4
1.7	Incorporation Documents and Bylaws of the Surviving Company		4
1.8	Directors and Officers		5
1.9	The Bank Merger		5
ARTICLE II        DELIVERY OF MERGER CONSIDERATION			5
2.1	Exchange Agent		5
2.2	Deposit of Merger Consideration		5
2.3	Delivery of Merger Consideration		5
ARTICLE III        REPRESENTATIONS AND WARRANTIES OF COASTAL			8
3.1	Organization, Standing and Power		8
3.2	Capitalization		8
3.3	Authority; No Violation		9
3.4	Consents and Approvals		10
3.5	Reports		11
3.6	Financial Statements		11
3.7	Absence of Changes		12
3.8	Compliance with Applicable Law		13
3.9	Material Contracts; Defaults		14
3.10	State Takeover Laws		15
3.11	Coastal Benefit Plans		15
3.12	Approvals		18
3.13	Fairness Opinion		18
3.14	Coastal Information		18
3.15	Litigation		18

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TABLE OF CONTENTS

(continued)

		Page
3.16	Labor Matters		19
3.17	Environmental Matters		19
3.18	Loan Matters		20
3.19	Intellectual Property		22
3.20	Transactions with Affiliates		22
3.21	Derivative Instruments and Transactions		22
3.22	Trust Business		23
3.23	Taxes		23
3.24	Community Reinvestment Act Compliance		24
3.25	Insurance		25
3.26	Title		25
3.27	Investment Portfolio		25
3.28	Books and Records		25
3.29	Indemnification		25
3.30	Broker’s Fees		25
ARTICLE IV        REPRESENTATIONS AND WARRANTIES OF AMERIS			26
4.1	Organization, Standing and Power		26
4.2	Capitalization		26
4.3	Authority; No Violation		27
4.4	Consents and Approvals		28
4.5	Reports		28
4.6	Financial Statements		28
4.7	Compliance with Applicable Law		29
4.8	Approvals		30
4.9	Ameris Information		30
4.10	Transactions with Affiliates		31
4.11	Taxes		31
4.12	Broker’s Fees		31
4.13	Community Reinvestment Act Compliance		31
4.14	Absence of Changes		31

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TABLE OF CONTENTS

(continued)

		Page
4.15	Litigation		31
ARTICLE V        COVENANTS RELATING TO CONDUCT OF BUSINESS			32
5.1	Conduct of Coastal Business Prior to the Effective Time		32
5.2	Coastal Forbearances		32
5.3	Conduct of Ameris Business Prior to the Effective Time		35
5.4	Ameris Forbearances		35
ARTICLE VI        ADDITIONAL AGREEMENTS			35
6.1	Regulatory Matters		35
6.2	Access to Information; Current Information		38
6.3	Shareholder Meeting		39
6.4	Nasdaq Listing		39
6.5	Employee Matters		39
6.6	Indemnification; Directors’ and Officers’ Insurance		41
6.7	No Solicitation		42
6.8	Notification of Certain Matters		44
6.9	Correction of Information		44
6.10	System Integration		44
6.11	Coordination; Integration		45
6.12	Tax Matters		45
6.13	Executive Employment Agreements		45
6.14	Option and Warrant Holder Information		45
6.15	Payment/Assumption of Coastal Indebtedness		45
ARTICLE VII        CONDITIONS PRECEDENT			46
7.1	Conditions to Each Party’s Obligations		46
7.2	Conditions to Obligations of Ameris		47
7.3	Conditions to Obligations of Coastal		47
ARTICLE VIII        TERMINATION AND AMENDMENT			48
8.1	Termination		48
8.2	Effect of Termination		50
8.3	Fees and Expenses		50

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TABLE OF CONTENTS

(continued)

		Page
8.4	Termination Fee		50
8.5	Amendment		51
8.6	Extension; Waiver		51
ARTICLE IX         MISCELLANEOUS PROVISIONS			51
9.1	Closing		51
9.2	Nonsurvival of Representations, Warranties and Agreements		51
9.3	Notices		52
9.4	Interpretation		52
9.5	Counterparts		53
9.6	Entire Agreement		53
9.7	Governing Law		53
9.8	Publicity		54
9.9	Assignment; Third Party Beneficiaries		54
9.10	Specific Performance; Time of the Essence		54
9.11	Disclosure Schedule		54
Exhibit A:	Form of Shareholder Voting Agreement
Exhibit B:	Form of Bank Plan of Merger and Merger Agreement
Exhibit C-1:	Form of Employment Agreement (Noel. A. Ellis)
Exhibit C-2:	Form of Employment Agreement (James A. LaHaise)
Exhibit D:	Form of Director Non-Competition and Non-Disclosure Agreement

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INDEX OF DEFINED TERMS

Definition	Section
Acquisition Proposal	6.7(e)
Action	3.15
Agreement	Preamble
Ameris	Preamble
Ameris Bylaws	4.1(b)
Ameris Charter	4.1(b)
Ameris Common Stock	1.4(a)
Ameris Regulatory Agreement	4.7(b)
Ameris SEC Reports	4.5(b)
Articles of Merger	1.2
Average Ameris Stock Price	8.1
Bank Merger	1.9
Bank Merger Agreement	1.9
Bankruptcy and Equity Exception	3.3(a)
BHC Act	3.8(a)
BSP	3.13
Business Day	9.1
Cancelled Shares	1.4(c)
Certificate	1.4(b)
Change in Recommendation	6.7(c)
Claim	6.6(a)
Closing	9.1
Closing Date	9.1
Coastal	Preamble
Coastal Bank	1.9
Coastal Benefit Plan	6.5(b)
Coastal Board Recommendation	6.3
Coastal Bylaws	3.1(b)
Coastal Charter	3.1(b)
Coastal Common Stock	1.4(b)
Coastal Confidential Information	6.7(a)
Coastal Financial Statements	3.6(a)
Coastal Individuals	6.7(a)
Coastal Insurance Policies	3.25
Coastal Material Contract	3.9(a)
Coastal Option	1.5(a)
Coastal Option Plan	1.5(a)
Coastal Regulatory Agreement	3.8(b)
Coastal Representatives	6.7(a)
Coastal Series A Preferred Stock	1.4(e)
Coastal Shareholder Approval	3.3(a)
Coastal Shareholder Meeting	6.3
Coastal Shareholder Meeting Notice Date	6.3

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Coastal Termination Fee	8.4(a)
Coastal Warrant	1.6
Code	Recitals
Confidentiality Agreement	6.2(d)
Continuing Options	1.5(b)
Covered Employees	6.5(a)
D&O Insurance	6.6(c)
Derivative Transaction	3.21(b)
Determination Date	8.1
Determination Period	8.1
Disclosure Schedule	9.11
Dissenting Shares	1.4(d)
DPC Common Shares	1.4(c)
Effective Time	1.2
Environmental Law	3.17(b)
EPCRS Controlled Group Liability	3.11(b)
ERISA	3.11(a)
ERISA Affiliate	3.11(d)
Exchange Act	3.5(b)
Exchange Agent	2.1
Exchange Agent Agreement	2.1
Exchange Fund	2.2
Exchange Ratio	1.4(b)
Final Index Price	8.1
FDIC	3.4
FHLB	3.2(c)
Form S-4	3.4
FRB	3.4
GAAP	3.1(c)
GBCC	1.1
Governmental Entity	3.4
Hazardous Substance	3.17(c)
Indemnified Parties	6.6(a)
Initial Index Price	8.1
Intellectual Property	3.19(b)
IRS	3.11(a)
Letter of Transmittal	2.3(a)
Liens	3.2(c)
Material Adverse Effect	3.7(a)
Maximum D&O Tail Premium	6.6(c)
Merger	Recitals
Merger Consideration	1.4(b)
Nasdaq	3.4
Party or Parties	Preamble
PBGC	3.11(e)
Permits	3.8(b)
Person	3.2(c)

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Previously Disclosed	9.11
Proxy Statement	3.4
Regulatory Approvals	3.4
Requisite Regulatory Approvals	7.1(e)
Rights	3.2(a)
Sarbanes-Oxley Act	4.5(b)
SEC	3.4
Securities Act	3.2(a)
SRO	3.4
Subsidiary	3.1(c)
Superior Proposal	6.7(e)
Surviving Bank	1.9
Surviving Company	Recitals
Taxes	3.23(j)
Tax Return	3.23(k)
Trust Account Common Shares	1.4(c)
Voting Agreement	Recitals
Voting Debt	3.2(a)
Warrant Cash-Out Payment	1.6

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AGREEMENT AND PLAN OF MERGER

This Agreement and Plan of Merger (this “Agreement”) is dated as of the 10th day of March, 2014, by and between Ameris Bancorp, a Georgia corporation (“Ameris”), and Coastal Bankshares, Inc., a Georgia corporation (“Coastal” and, together with Ameris, the “Parties” and each a “Party”).

RECITALS

WHEREAS, the Boards of Directors of the Parties have determined that it is in the best interests of their respective companies and their shareholders to consummate the business combination transaction provided for in this Agreement in which Coastal will, on the terms and subject to the conditions set forth in this Agreement, merge with and into, Ameris (the “Merger”), with Ameris as the surviving company in the Merger (sometimes referred to in such capacity as the “Surviving Company”);

WHEREAS, as a condition to the willingness of Ameris to enter into this Agreement, all of the directors of Coastal have agreed to enter into voting agreements (each a “Voting Agreement”), substantially in the form attached hereto as Exhibit A, dated as of the date hereof, with Ameris, pursuant to which each such director has agreed, among other things, to vote all of the Coastal Common Stock owned by such director in favor of the approval of this Agreement and the transactions contemplated hereby, subject to the terms of the Voting Agreement;

WHEREAS, the Parties intend the Merger to be treated as a reorganization under Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”), and intend for this Agreement to constitute a “plan of reorganization” within the meaning of Treasury Regulations Section 1.368-2(g); and

WHEREAS, the Parties desire to make certain representations, warranties and agreements in connection with the Merger and also to prescribe certain conditions to the Merger;

NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements contained in this Agreement, the Parties agree as follows:

ARTICLE I

THE MERGER

1.1 The Merger. Subject to the terms and conditions of this Agreement, in accordance with the Georgia Business Corporation Code (the “GBCC”), at the Effective Time, Coastal shall merge with and into Ameris. Ameris shall be the Surviving Company in the Merger and shall continue its existence as a corporation under the laws of the State of Georgia. As of the Effective Time, the separate corporate existence of Coastal shall cease.

1.2 Effective Time. Subject to the terms and conditions of this Agreement, simultaneously with the Closing, the Parties shall execute, and Ameris shall cause to be filed with the Secretary of State of the State of Georgia, articles of merger as provided in the GBCC (the “Articles of Merger”). The Merger shall become effective at such time as the Articles of Merger are filed or at such other time as may be specified in such Articles of Merger (the “Effective Time”).

1.3 Effects of the Merger. At and after the Effective Time, the Merger shall have the effects set forth in the GBCC.

1.4 Conversion of Stock. By virtue of the Merger and without any action on the part of Coastal, Ameris or the holders of any of the following securities, at the Effective Time:

(a) Each share of common stock, par value $1.00 per share, of Ameris (“Ameris Common Stock”) issued and outstanding immediately prior to the Effective Time shall continue to be one validly issued, fully paid and nonassessable share of common stock, par value $1.00, of the Surviving Company.

(b) Subject to Sections 1.4(c) and 1.4(d), each share of the common stock, no par value, of Coastal (the “Coastal Common Stock”) issued and outstanding immediately prior to the Effective Time, including Trust Account Common Shares and DPC Common Shares, but excluding any Cancelled Shares and any Dissenting Shares, shall be converted, in accordance with the procedures set forth in Article II, into the right to receive 0.4671 shares (the “Exchange Ratio”) of Ameris Common Stock (the “Merger Consideration”), plus cash in lieu of fractional shares pursuant to Section 2.3(f). All of the shares of Coastal Common Stock converted into the right to receive the Merger Consideration pursuant to this Article I shall no longer be outstanding and shall automatically be cancelled and shall cease to exist as of the Effective Time, and each certificate previously representing any such shares of Coastal Common Stock (each, a “Certificate”) shall thereafter represent only the right to receive the Merger Consideration (or cash in lieu of fractional shares) into which the shares of Coastal Common Stock represented by such Certificate have been converted pursuant to this Section 1.4 and Section 2.3(f), as well as any dividends to which holders of Coastal Common Stock become entitled in accordance with Section 2.3(c).

(c) All shares of Coastal Common Stock that are owned by Coastal or Ameris (other than (i) shares of Coastal Common Stock held in trust accounts, managed accounts, mutual funds and the like, or otherwise held in a fiduciary or agency capacity, that are beneficially owned by third parties (any such shares, “Trust Account Common Shares”) and (ii) shares of Coastal Common Stock held, directly or indirectly, by Coastal or Ameris in respect of a debt previously contracted (any such shares, “DPC Common Shares”)) shall be cancelled and shall cease to exist (any such shares, the “Cancelled Shares”) and no stock of Ameris or other consideration shall be delivered in exchange therefor.

(d) Notwithstanding anything in this Agreement to the contrary, shares of Coastal Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a shareholder who did not vote in favor of the Merger (or consent thereto in writing) and who is entitled to demand and properly demands the fair value of such shares pursuant to, and who complies in all respects with, the provisions of Sections 14-2-1321 and 14-2-1323 of the GBCC, shall not be converted into or be exchangeable for the right to receive the Merger Consideration (the “Dissenting Shares”), but instead such holder shall be entitled to payment of the fair value of such shares in accordance with the provisions of Sections 14-2-1301 to 14-2-1332 of the GBCC (and at the Effective Time, such Dissenting Shares shall no longer be

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outstanding and shall automatically be cancelled and shall cease to exist), unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost rights to demand or receive the fair value of such shares of Coastal Common Stock under such provisions of the GBCC. If any shareholder dissenting pursuant to Sections 14-2-1301 to 14-2-1332 of the GBCC and this Section 1.4(d) shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Coastal Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Merger Consideration for each such share of Coastal Common Stock, in accordance with Section 1.4(b), without any interest thereon. Coastal shall give Ameris (i) prompt notice of any written notices to exercise dissenters’ rights in respect of any shares of Coastal Common Stock, attempted withdrawals of such notices and any other instruments served pursuant to the GBCC and received by Coastal relating to dissenters’ rights and (ii) the opportunity to participate in negotiations and proceedings with respect to demands for fair value under the GBCC. Coastal shall not, except with the prior written consent of Ameris, voluntarily make any payment with respect to, or settle, or offer or agree to settle, any such demand for payment. Any portion of the Merger Consideration made available to the Exchange Agent pursuant to Article II to pay for shares of Coastal Common Stock for which dissenters’ rights have been perfected shall be returned to Ameris upon demand.

(e) Immediately prior to the Effective Time, each share of Series A Preferred Stock of Coastal (the “Coastal Series A Preferred Stock”) that is issued and outstanding shall in accordance with its terms automatically convert into shares of Coastal Common Stock, on the basis of one share of Coastal Common Stock for each share of Coastal Series A Preferred Stock.

(f) If Ameris changes the number of shares of Ameris Common Stock issued and outstanding prior to the Effective Time as a result of a stock split, stock combination, stock dividend or similar recapitalization with respect to such stock and the record date therefor shall be prior to the Effective Time, the Merger Consideration shall be proportionately adjusted as necessary to preserve the relative economic benefit to the Parties.

1.5 Treatment of Coastal Options.

(a) Section 1.5 of the Disclosure Schedule of Coastal sets forth all of the outstanding and unexercised options to purchase shares of Coastal Common Stock (each, a “Coastal Option”) awarded under the Coastal Bankshares, Inc. Stock Award Plan and the Coastal Bankshares, Inc. 2010 Long-Term Incentive Plan (the “Coastal Option Plan”) as of the date hereof, which schedule includes, for each option grant, the name of the individual grantee, the date of grant, the exercise price, the vesting schedule and the expiration date.

(b) At the Effective Time, all Coastal Options which are outstanding and unexercised immediately prior thereto shall be converted, in their entirety, automatically into options to purchase shares of Ameris Common Stock (the “Continuing Options”) in an amount and at an exercise price determined as follows (and otherwise subject to the terms of the Coastal Option Plan):

(i) the number of shares of Ameris Common Stock to be subject to the Continuing Options shall be equal to the product of the number of shares of Coastal Common Stock subject to the Coastal Options and the Exchange Ratio, provided that any fractional shares of Ameris Common Stock resulting from such multiplication shall be rounded down to the nearest whole share; and

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(ii) the exercise price per share of Ameris Common Stock under the Continuing Options shall be equal to the exercise price per share of Coastal Common Stock under the Coastal Options divided by the Exchange Ratio, provided that such exercise price shall be rounded down to the nearest cent.

The adjustment provided herein with respect to each Continuing Option, whether or not an “incentive stock option” (as defined in Section 422 of the Code), shall be and is intended to be effected in a manner which is consistent with Section 424(a) of the Code.

(c) The duration and other terms of the Continuing Options shall be the same as the Coastal Options, except as modified in Section 1.5(b) and except that all references therein to Coastal shall be deemed to be references to Ameris. From and after the Effective Time, Ameris shall reserve for issuance such number of shares of Ameris Common Stock as shall be necessary to permit the exercise of Continuing Options in the manner contemplated by this Agreement and in the instruments pursuant to which such Continuing Options were granted. As soon as reasonably practicable after the Effective Time, Ameris shall file an effective Registration Statement with respect to the shares of Ameris Common Stock subject to the Continuing Options and shall use commercially reasonable efforts to maintain the effectiveness of such Registration Statement so long as the Continuing Options remain outstanding.

1.6 Warrants. Section 1.6 of the Disclosure Schedule of Coastal sets forth all of the outstanding and unexercised warrants to purchase shares of Coastal Common Stock (each, a “Coastal Warrant”) as of the date hereof, which schedule includes, for each warrant grant, the name of the individual grantee, the date of grant, the exercise price, the vesting schedule (if any) and the expiration date. At the Effective Time, each Coastal Warrant outstanding as of immediately prior to the Effective Time, subject to the amendment of such Coastal Warrant consistent with this Section 1.6, shall be cancelled and the holder thereof shall be entitled to receive with respect to such Coastal Warrant, upon surrender to Ameris of all agreements or certificates evidencing such Coastal Warrant, only a cash payment (the “Warrant Cash-Out Payment”) from Ameris with respect to such Coastal Warrant equal to the product obtained by multiplying (a) the number of shares of Coastal Common Stock issuable upon exercise of such Coastal Warrant by (b) (i) $6.710 in the case of each Coastal Warrant having an exercise price per share of $3.85 or (ii) $0.269 in the case of each Coastal Warrant having an exercise price per share of $17.50. Each Coastal Warrant has been amended to the extent necessary to comply with the provisions of this Section 1.6, except as set forth in Section 1.6 of the Disclosure Schedule of Coastal, and Coastal shall use commercially reasonable efforts to cause the amendment of those Coastal Warrants that have not been so amended prior to the Closing.

1.7 Incorporation Documents and Bylaws of the Surviving Company. At the Effective Time, the articles of incorporation of Ameris in effect immediately prior to the Effective Time shall be the articles of incorporation of the Surviving Company until thereafter amended in accordance with applicable law. The bylaws of Ameris in effect immediately prior to the Effective Time shall be the bylaws of the Surviving Company until thereafter amended in accordance with applicable law and the terms of such bylaws.

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1.8 Directors and Officers. Subject to applicable law, the directors of Ameris immediately prior to the Effective Time shall be the directors of the Surviving Company and shall hold office until their respective successors are duly elected and qualified, or their earlier death, resignation or removal. The officers of Ameris immediately prior to the Effective Time shall be the officers of the Surviving Company and shall hold office until their respective successors are duly elected and qualified, or their earlier death, resignation or removal.

1.9 The Bank Merger. Except as provided below, after the Effective Time and at or after the close of business on the Closing Date, The Coastal Bank, a Georgia state-chartered bank and wholly owned first-tier subsidiary of Coastal (“Coastal Bank”), shall be merged (the “Bank Merger”) with and into Ameris Bank, a Georgia state-chartered bank and wholly owned first-tier subsidiary of Ameris (“Ameris Bank”), in accordance with the provisions of applicable federal and state banking laws and regulations, and Ameris Bank shall be the surviving bank (the “Surviving Bank”). The Bank Merger shall have the effects as set forth under applicable federal and state banking laws and regulations, and the Boards of Directors of the Parties shall approve, and shall cause the Boards of Directors of Coastal Bank and Ameris Bank, respectively, to approve a separate merger agreement (the “Bank Merger Agreement”) in substantially the form attached hereto as Exhibit B, and cause the Bank Merger Agreement to be executed and delivered as soon as practicable following the date of execution of this Agreement. As provided in the Bank Merger Agreement, the Bank Merger shall be abandoned at the election of Ameris Bank at any time whether before or after filings are made for regulatory approval of the Bank Merger.

ARTICLE II

DELIVERY OF MERGER CONSIDERATION

2.1 Exchange Agent. Prior to the Effective Time, Ameris shall appoint, at its election, an unrelated bank or trust company reasonably acceptable to Coastal, or Ameris’s transfer agent, pursuant to an agreement (the “Exchange Agent Agreement”) to act as exchange agent (the “Exchange Agent”) hereunder.

2.2 Deposit of Merger Consideration. At or prior to the Effective Time, Ameris shall (i) deposit with the Exchange Agent, or authorize the Exchange Agent to issue, an aggregate number of shares of Ameris Common Stock equal to the aggregate Merger Consideration and (ii) deposit, or cause to be deposited, with the Exchange Agent, to the extent then determinable, any cash payable in lieu of fractional shares pursuant to Section 2.3(f) (all of the foregoing, the “Exchange Fund”), and Ameris shall instruct the Exchange Agent to timely pay the aggregate Merger Consideration (including cash in lieu of fractional shares) in accordance with this Agreement.

2.3 Delivery of Merger Consideration.

(a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of a Certificate which immediately prior to the Effective Time represented outstanding shares of Coastal Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 1.4 and any cash in lieu of fractional shares of Ameris Common Stock to be issued or paid in consideration therefor (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of

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loss and title to each Certificate shall pass, only upon delivery of such Certificate (or affidavits of loss in lieu of such Certificate)) to the Exchange Agent and which shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement (the “Letter of Transmittal”) and (ii) instructions for use in surrendering a Certificate in exchange for the Merger Consideration, any cash in lieu of fractional shares of Ameris Common Stock to be issued or paid in consideration therefor and any dividends or distributions to which such holder is entitled pursuant to Section 2.3(c).

(b) Upon surrender to the Exchange Agent of its Certificate or Certificates, accompanied by a properly completed Letter of Transmittal, a holder of Coastal Common Stock will be entitled to receive promptly after the Effective Time the Merger Consideration and any cash in lieu of fractional shares of Ameris Common Stock to be issued or paid in consideration therefor in respect of the shares of Coastal Common Stock represented by its Certificate or Certificates. Until so surrendered, each such Certificate shall represent after the Effective Time, for all purposes, only the right to receive, without interest, the Merger Consideration and any cash in lieu of fractional shares of Ameris Common Stock to be issued or paid in consideration therefor upon surrender of such Certificate in accordance with, and any dividends or distributions to which such holder is entitled pursuant to, this Article II.

(c) No dividends or other distributions with respect to Ameris Common Stock shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Ameris Common Stock represented thereby, in each case unless and until the surrender of such Certificate in accordance with this Article II. Subject to the effect of applicable abandoned property, escheat or similar laws, following surrender of any such Certificate in accordance with this Article II, the record holder thereof shall be entitled to receive, without interest, (i) the amount of dividends or other distributions with a record date after the Effective Time theretofore payable with respect to the whole shares of Ameris Common Stock represented by such Certificate and not paid or (ii) at the appropriate payment date, the amount of dividends or other distributions payable with respect to shares of Ameris Common Stock represented by such Certificate with a record date after the Effective Time (but before such surrender date) and with a payment date subsequent to the issuance of the Ameris Common Stock issuable with respect to such Certificate.

(d) In the event of a transfer of ownership of a Certificate representing Coastal Common Stock that is not registered in the stock transfer records of Coastal, the shares of Ameris Common Stock and cash in lieu of fractional shares of Ameris Common Stock comprising the Merger Consideration shall be issued or paid in exchange therefor to a Person other than the Person in whose name the Certificate so surrendered is registered if the Certificate formerly representing such Coastal Common Stock shall be properly endorsed or otherwise be in proper form for transfer and the Person requesting such payment or issuance shall pay any transfer or other similar taxes required by reason of the payment or issuance to a Person other than the registered holder of the Certificate or establish to the satisfaction of Ameris that the tax has been paid or is not applicable. The Exchange Agent (or, subsequent to the earlier of (x) the one-year anniversary of the Effective Time and (y) the expiration or termination of the Exchange Agent Agreement, Ameris) shall be entitled to deduct and withhold from any cash in lieu of fractional shares of Ameris Common Stock otherwise payable pursuant to this Agreement to any holder of Coastal Common Stock such amounts as the Exchange Agent or Ameris, as the case

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may be, is required to deduct and withhold under the Code, or any provision of state, local or foreign tax law, with respect to the making of such payment. To the extent the amounts are so withheld by the Exchange Agent or Ameris, as the case may be, and timely paid over to the appropriate Governmental Entity, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of shares of Coastal Common Stock in respect of whom such deduction and withholding was made by the Exchange Agent or Ameris, as the case may be.

(e) After the Effective Time, there shall be no transfers on the stock transfer books of Coastal of the shares of Coastal Common Stock that were issued and outstanding immediately prior to the Effective Time other than to settle transfers of Coastal Common Stock that occurred prior to the Effective Time. If, after the Effective Time, Certificates representing such shares are presented for transfer to the Exchange Agent, they shall be cancelled and exchanged for the Merger Consideration and any cash in lieu of fractional shares of Ameris Common Stock to be issued or paid in consideration therefor in accordance with the procedures set forth in this Article II.

(f) Notwithstanding anything to the contrary contained in this Agreement, no fractional shares of Ameris Common Stock shall be issued upon the surrender of Certificates for exchange, no dividend or distribution with respect to Ameris Common Stock shall be payable on or with respect to any fractional share, and such fractional share interests shall not entitle the owner thereof to vote or to any other rights of a shareholder of Ameris. In lieu of the issuance of any such fractional share, Ameris shall pay to each former shareholder of Coastal who otherwise would be entitled to receive such fractional share an amount in cash (rounded to the nearest whole cent) determined by multiplying (i) $21.41 by (ii) the fraction of a share (after taking into account all shares of Coastal Common Stock held by such holder at the Effective Time and rounded to the nearest one thousandth when expressed in decimal form) of Ameris Common Stock to which such holder would otherwise be entitled to receive pursuant to Section 1.4.

(g) Any portion of the Exchange Fund that remains unclaimed by the shareholders of Coastal at the expiration of six (6) months after the Effective Time may be paid to Ameris. In such event, any former shareholders of Coastal who have not theretofore complied with this Article II shall thereafter look only to Ameris with respect to the Merger Consideration, any cash in lieu of any fractional shares and any unpaid dividends and distributions on the Ameris Common Stock deliverable in respect of each share of Coastal Common Stock such shareholder holds as determined pursuant to this Agreement, in each case, without any interest thereon. Notwithstanding the foregoing, none of Ameris, the Surviving Company, the Exchange Agent or any other Person shall be liable to any former holder of shares of Coastal Common Stock for any amount delivered in good faith to a public official pursuant to applicable abandoned property, escheat or similar laws.

(h) In the event any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the Person claiming such Certificate to be lost, stolen or destroyed and, if reasonably required by Ameris or the Exchange Agent, the posting by such Person of a bond in such amount as Ameris may determine is reasonably necessary as indemnity against any claim that may be made against it with respect to such Certificate, the Exchange Agent will issue in exchange for such lost, stolen or destroyed Certificate the Merger Consideration deliverable in respect thereof pursuant to this Agreement.

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ARTICLE III

REPRESENTATIONS AND WARRANTIES OF COASTAL

Except as Previously Disclosed, Coastal hereby represents and warrants to Ameris as follows:

3.1 Organization, Standing and Power.

(a) Each of Coastal and its Subsidiaries (i) is an entity duly organized, validly existing and in good standing (with respect to jurisdictions that recognize such concept) under the laws of the jurisdiction of its incorporation or formation, (ii) has all requisite corporate or similar power and authority to own, lease and operate its properties and to carry on its business as now being conducted and (iii) is duly qualified or licensed to do business and is in good standing (with respect to jurisdictions that recognize such concept) in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties or assets makes such qualification or licensing necessary, except where the failure to be so qualified or licensed would not have a Material Adverse Effect on Coastal.

(b) Coastal has previously made available to Ameris true and complete copies of Coastal’s articles of incorporation (the “Coastal Charter”) and bylaws (the “Coastal Bylaws”) and the articles or certificate of incorporation or formation and bylaws (or comparable organizational documents) of each of its Subsidiaries, in each case as amended to the date of this Agreement, and each as so made available is in full force and effect. Neither Coastal nor any of its Subsidiaries is in violation of any provision of the Coastal Charter or Coastal Bylaws or such articles or certificate of incorporation or formation and bylaws (or comparable organizational documents) of such Subsidiary, as applicable.

(c) As used in this Agreement, the term “Subsidiary,” when used with respect to either Party, means any bank, corporation, partnership, limited liability company or other organization, whether incorporated or unincorporated, that is consolidated with such Party for financial reporting purposes under U.S. generally accepted accounting principles (“GAAP”).

3.2 Capitalization.

(a) The authorized capital stock of Coastal consists of (i) 50,000,000 shares of Coastal Common Stock, of which 3,358,344 shares were issued and outstanding as of the date hereof, and (ii) 2,000,000 shares of preferred stock, of which (A) 250,000 shares have been designated Series A Preferred Stock, there being 65,144 shares of Series A Preferred Stock issued and outstanding as of the date hereof and (B) 10,000 shares have been designated Series B Mandatorily Convertible Perpetual Preferred Stock, there being zero shares of Series B Mandatorily Convertible Perpetual Preferred Stock issued and outstanding as of the date hereof. As of the date hereof, Coastal held no shares of Coastal Common Stock in its treasury. All of the issued and outstanding shares of Coastal Common Stock have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights, with no personal liability attaching to the ownership thereof. As of the date hereof, no bonds, debentures, notes or other indebtedness having the right to vote on any matters on which shareholders of Coastal may vote (“Voting Debt”) are issued or outstanding. As of the date hereof, except for the Coastal Options and Coastal Warrants, Coastal does not have and is not bound by any outstanding subscriptions,

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options, warrants, calls, rights, commitments or agreements of any character (“Rights”) calling for the purchase or issuance of, or the payment of any amount based on, any shares of Coastal Common Stock, Voting Debt or any other equity securities of Coastal or any securities representing the right to purchase or otherwise receive any shares of Coastal Common Stock, Voting Debt or other equity securities of Coastal. There are no contractual obligations of Coastal or any of its Subsidiaries (i) to repurchase, redeem or otherwise acquire any shares of capital stock of Coastal or any equity security of Coastal or its Subsidiaries or any securities representing the right to purchase or otherwise receive any shares of capital stock or any other equity security of Coastal or its Subsidiaries or (ii) pursuant to which Coastal or any of its Subsidiaries is or could be required to register shares of Coastal capital stock or other securities under the Securities Act of 1933, as amended (the “Securities Act”).

(b) Except as set forth in Section 3.2(b) of the Disclosure Schedule of Coastal, all of the issued and outstanding shares of capital stock or other equity ownership interests of each Significant Subsidiary (as defined in Rule 1-02 of Regulation S-X promulgated under the Exchange Act) of Coastal, including Coastal Bank, are owned by Coastal, directly or indirectly, free and clear of any liens, pledges, charges, claims and security interests and similar encumbrances (“Liens”), and all of such shares or equity ownership interests are duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights. No Significant Subsidiary of Coastal has or is bound by any Rights calling for the purchase or issuance of any shares of capital stock or any other equity security of such Subsidiary or any securities representing the right to purchase or otherwise receive any shares of capital stock or any other equity security of such Subsidiary. Except for the ownership of Coastal Subsidiaries, readily marketable securities, securities held-to-maturity in Coastal Bank’s investment portfolio and stock in the Federal Home Loan Bank of Atlanta (“FHLB”), neither Coastal nor any of its Subsidiaries owns any equity or profit-and-loss interest in any individual, bank, corporation, partnership or joint venture, limited liability company, association, joint-stock company, business trust or unincorporated organization (“Person”).

(c) Coastal does not have a dividend reinvestment plan or any shareholder rights plan.

3.3 Authority; No Violation.

(a) Coastal has full corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly approved by the Board of Directors of Coastal. As of the date of this Agreement, the Board of Directors of Coastal has determined that this Agreement is advisable and in the best interests of Coastal and its shareholders and has directed that this Agreement be submitted to Coastal’s shareholders for approval at a duly held meeting of such shareholders and has adopted a resolution to the foregoing effect. Except for receipt of the affirmative vote to approve this Agreement by the holders of a majority of the outstanding shares of Coastal Common Stock and Coastal Series A Preferred Stock, voting together as one class, at a meeting called therefor (the “Coastal Shareholder Approval”), this Agreement and the transactions contemplated hereby have been authorized by all necessary corporate action. This Agreement has been duly and validly executed and delivered by Coastal and (assuming due authorization, execution and delivery by Ameris) constitutes the valid and binding obligations of Coastal,

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enforceable against Coastal in accordance with its terms (except as may be limited by bankruptcy, insolvency, fraudulent transfer, moratorium, reorganization or similar laws of general applicability relating to or affecting the rights of creditors generally and subject to general principles of equity (the “Bankruptcy and Equity Exception”)).

(b) Neither the execution and delivery of this Agreement by Coastal or the Bank Merger Agreement by Coastal Bank nor the consummation by Coastal of the transactions contemplated in this Agreement or by Coastal Bank of the transactions in the Bank Merger Agreement, nor compliance by Coastal or Coastal Bank with any of the terms or provisions of this Agreement or the Bank Merger Agreement, will (i) assuming that the Coastal Shareholder Approval is duly obtained or given, violate any provision of the Coastal Charter or Coastal Bylaws or the organizational documents of Coastal Bank or (ii) assuming that the consents, approvals and filings referred to in Section 3.4 are duly obtained or made, (A) violate any law, judgment, order, injunction or decree applicable to Coastal, any of its Subsidiaries or any of their respective properties or assets in a manner that could reasonably be expected to have a Material Adverse Effect on Coastal or (B) violate, conflict with, result in a breach of any provision of or the loss of any benefit under, constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, result in the termination of or a right of termination or cancellation under, accelerate the performance required by, or result in the creation of any Lien upon any of the respective properties or assets of Coastal or any of its Subsidiaries under, any of the terms, conditions or provisions of any material note, bond, mortgage, indenture, deed of trust, license, lease, franchise, permit, agreement, bylaw or other instrument or obligation to which Coastal or any of its Subsidiaries is a party or by which any of them or any of their respective properties or assets is bound.

3.4 Consents and Approvals. Except for (i) filings of applications and notices with, and receipt of consents, authorizations, approvals, exemptions or nonobjections from, the Securities and Exchange Commission (the “SEC”), the Nasdaq Global Select Market (the “Nasdaq”), state securities authorities, the Financial Industry Regulatory Authority, applicable securities, commodities and futures exchanges, and other industry self-regulatory organizations (each, an “SRO”), (ii) the filing of any other required applications, filings or notices with the Board of Governors of the Federal Reserve System (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), other banking, regulatory, self-regulatory or enforcement authorities or any courts, administrative agencies or commissions or other governmental authorities or instrumentalities (each a “Governmental Entity”) and approval of or non-objection to such applications, filings and notices (taken together with the items listed in clause (i), the “Regulatory Approvals”), (iii) the filing with the SEC of a registration statement on Form S-4 (the “Form S-4”) in which a proxy statement relating to the meeting of the shareholders of Coastal to be held in connection with this Agreement (the “Proxy Statement”) will be included, and declaration of effectiveness of the Form S-4, (iv) the filing of the Articles of Merger contemplated by Section 1.2 and the filing of documents with the FDIC, the Georgia Department of Banking and Finance and the Secretary of State of the State of Georgia to cause the Bank Merger to become effective and (v) such filings and approvals as are required to be made or obtained under the securities or “Blue Sky” laws of various states in connection with the issuance of the shares of Ameris Common Stock pursuant to this Agreement and approval of listing of such Ameris Common Stock on the Nasdaq, no consents or approvals of or filings or registrations with any Governmental Entity are necessary in connection with the consummation

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by Coastal or any of its Subsidiaries of the Merger, the Bank Merger, or any of the other transactions contemplated by this Agreement. No consents or approvals of or filings or registrations with any Governmental Entity are necessary in connection with the execution and delivery by Coastal of this Agreement.

3.5 Reports.

(a) Coastal and each of its Subsidiaries have timely filed all reports, registrations, statements and certifications, together with any amendments required to be made with respect thereto, that they were required to file since December 31, 2010 and prior to the date hereof with Governmental Entities, and have paid all fees and assessments due and payable in connection therewith. There is no unresolved violation or exception of which Coastal has been given notice by any Governmental Entity with respect to any such report, registration, statement or certification.

(b) Neither Coastal nor any of its Subsidiaries has filed or furnished to the SEC any final registration statement, prospectus, report, schedule and definitive proxy statement pursuant to the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”) prior to the date of this Agreement other than filings made pursuant to Regulation D. No information provided by Coastal to its shareholders, in connection with annual or special meetings of shareholders or otherwise, contained any untrue statement of a material fact or omitted to state any material fact necessary in order to make the statements made therein, in light of the circumstances in which they were made, not misleading.

3.6 Financial Statements.

(a) The audited consolidated balance sheets (including related notes and schedules, if any) of Coastal and its Subsidiaries as of December 31, 2012 and 2011 and the consolidated statements of operations, shareholders’ equity and cash flows (including related notes and schedules, if any) of Coastal and its Subsidiaries for each of the two (2) years ended December 31, 2012 and 2011, and the unaudited consolidated financial statements of Coastal and its Subsidiaries as of December 31, 2013, and for the year then ended, and as of January 31, 2014, and for the interim period then ended (collectively, the “Coastal Financial Statements”), have been previously made available to Ameris or its representatives. The Coastal Financial Statements have been prepared in accordance with GAAP, and (including the related notes where applicable) fairly present in each case in all material respects (subject, in the case of the unaudited interim statements, to normal year-end adjustments), the consolidated financial position, results of operations and cash flows of Coastal and its Subsidiaries on a consolidated basis as of and for the respective periods ending on the dates thereof, in accordance with GAAP during the periods involved, except as indicated in the notes thereto. As of the date of this Agreement, the financial and accounting books and records of Coastal and its Subsidiaries have been maintained in all material respects in accordance with GAAP and any other applicable legal and accounting requirements and reflect only actual transactions.

(b) The call reports of Coastal Bank and accompanying schedules, as filed with the FDIC, for each calendar quarter beginning with the quarter ended December 31, 2011, through the Closing Date have been prepared in accordance with applicable regulatory requirements, including applicable regulatory accounting principles and practices, through periods covered by such reports.

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(c) There is no transaction, arrangement or other relationship between Coastal or any of its Subsidiaries and any unconsolidated or other affiliated entity that is not reflected in the Coastal Financial Statements.

(d) The records, systems, controls, data and information of Coastal and its Subsidiaries are recorded, stored, maintained and operated under means (including any electronic, mechanical or photographic process, whether computerized or not) that are under the exclusive ownership and direct control of Coastal or its Subsidiaries or accountants (including all means of access thereto and therefrom), except for any non-exclusive ownership and non-direct control that would not reasonably be expected to have a Material Adverse Effect on Coastal’s (or any Coastal Subsidiary’s) system of internal accounting controls.

(e) Since December 31, 2010, (i) neither Coastal nor, to the knowledge of Coastal, any director, officer, employee, auditor, accountant or representative of Coastal or Coastal Bank has received or otherwise had or obtained knowledge of any material complaint, allegation, assertion or claim, whether written or oral, regarding the accounting or auditing practices, procedures, methodologies or methods of Coastal or any of its Subsidiaries or its internal accounting controls, including any material complaint, allegation, assertion or claim that Coastal or any of its Subsidiaries has engaged in questionable accounting or auditing practices, and (ii) no attorney representing Coastal or any of its Subsidiaries, or other Person, whether or not employed by Coastal or any of its Subsidiaries, has reported evidence of a material violation of securities laws, breach of fiduciary duty or violation of banking or other laws by Coastal or any of its Subsidiaries or any of their officers, directors, employees or agents to the Board of Directors or senior management of Coastal or any of its Subsidiaries or any committee thereof or to any director or officer of Coastal or any of its Subsidiaries.

3.7 Absence of Changes.

(a) Since December 31, 2012, no event or events have occurred that have had or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect on Coastal. As used in this Agreement, the term “Material Adverse Effect” means, with respect to Ameris or Coastal, as the case may be, any event, circumstance, development, change or effect that, individually or in the aggregate, (i) is, or is reasonably likely to be, material and adverse to the business, operations, prospects, condition (financial or otherwise) or results of operations of such Party and its Subsidiaries taken as a whole; provided, however, that, with respect to this clause (i), a “Material Adverse Effect” shall not be deemed to include any event, circumstance, development, change or effect resulting from (A) changes after the date of this Agreement in GAAP or regulatory accounting requirements, (B) changes after the date of this Agreement in laws, rules or regulations or interpretations of laws, rules or regulations by Governmental Entities of general applicability to companies in the industry in which such Party and its Subsidiaries operate, (C) changes after the date of this Agreement in general economic or market conditions in the United States or any state or territory thereof, in each case generally affecting other companies in the industry in which such Party and its Subsidiaries operate, or (D) the public disclosure of this Agreement or the transactions contemplated hereby, except, with respect to clauses (A), (B) and (C), to the extent that the

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effects of such change are disproportionately adverse to the business, operations, prospects, condition (financial or otherwise) or results of operations of such Party and its Subsidiaries, taken as a whole, as compared to other companies in the industry in which such Party and its Subsidiaries operate); or (ii) prevents or materially impairs, or would be reasonably likely to prevent or materially impair, the ability of such Party to timely consummate the transactions contemplated by this Agreement or to perform its agreements or covenants hereunder.

(b) Since December 31, 2012, (i) Coastal and its Subsidiaries have conducted their respective businesses in the ordinary course of business and (ii) neither Coastal nor any of its Subsidiaries has (A) granted any rights or issued any securities (other than the issuance of securities upon the exercise of Coastal Options), or (B) declared or paid any distribution on, or repurchased, any of its capital stock. Since December 31, 2013, neither Coastal nor any of its subsidiaries has incurred any material liabilities or obligations for borrowed funds, except as set forth in Section 3.7(b) of the Disclosure Schedule of Coastal.

3.8 Compliance with Applicable Law.

(a) Except as set forth in Section 3.8(a) of the Disclosure Schedule of Coastal, Coastal and each of its Subsidiaries are and, at all times since December 31, 2011, have been, in compliance in all material respects with all laws applicable to their businesses, operations, properties or assets, including Sections 23A and 23B of the Federal Reserve Act, the Equal Credit Opportunity Act, the Fair Housing Act, the Community Reinvestment Act, the Home Mortgage Disclosure Act, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001, the Bank Secrecy Act and all other applicable fair lending laws and other laws relating to discriminatory business practices. Coastal is not aware of any facts or circumstances that would cause it to believe that any nonpublic customer information possessed by it or any of its Subsidiaries has been disclosed to, or accessed by, an unauthorized third party in a manner that would require or cause it or any of its Subsidiaries to undertake any material remedial action. Coastal and each of its Subsidiaries have in effect, and at all relevant times since December 31, 2010 held, all material permits, licenses, variances, exemptions, authorizations, operating certificates, franchises, orders and approvals of all Governmental Entities (collectively, “Permits”) necessary for them to own, lease or operate their properties and assets and to carry on their businesses and operations as now conducted, and to Coastal’s knowledge, no suspension or cancellation of any such Permits is threatened and there has occurred no violation of, default (with or without notice or lapse of time or both) under or event giving to others any right of revocation, non-renewal, adverse modification or cancellation of, with or without notice or lapse of time or both, any such Permit. Coastal is duly registered with the FRB as a bank holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). The deposit accounts of Coastal Bank are insured by the FDIC through the Deposit Insurance Fund to the fullest extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due. No Action for the revocation or termination of such deposit insurance is pending or, to the knowledge of Coastal, threatened.

(b) Since December 31, 2011, neither Coastal nor any of its Subsidiaries has received any written notification or communication from any Governmental Entity (i) requiring Coastal or any of its Subsidiaries to enter into or consent to the issuance of a cease and desist order, formal or written agreement, directive, commitment, memorandum of understanding,

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board resolution, extraordinary supervisory letter or other formal or informal enforcement action of any kind that imposes any material restrictions on its conduct of business or that relates to its capital adequacy, its credit or risk management policies, its dividend policy, its management, its business or its operations (any of the foregoing, a “Coastal Regulatory Agreement”), or (ii) threatening or contemplating revocation or limitation of, or which would have the effect of revoking or limiting, FDIC insurance coverage, and, to the knowledge of Coastal, neither Coastal nor any of its Subsidiaries has been advised by any Governmental Entity that such Governmental Entity is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such judgment, order, injunction, rule, agreement, memorandum of understanding, commitment letter, supervisory letter, decree or similar submission. Except as set forth in Section 3.8(b) of the Disclosure Schedule of Coastal, neither Coastal nor any of its Subsidiaries is party to or subject to any Coastal Regulatory Agreement.

(c) Neither Coastal nor any of its Subsidiaries (nor, to the knowledge of Coastal, any of their respective directors, executives, representatives, agents or employees) (i) has used or is using any corporate funds for any illegal contributions, gifts, entertainment or other unlawful expenses relating to political activity, (ii) has used or is using any corporate funds for any direct or indirect unlawful payments to any foreign or domestic governmental officials or employees, (iii) has violated or is violating any provision of the Foreign Corrupt Practices Act of 1977, (iv) has established or maintained, or is maintaining, any unlawful fund of corporate monies or other properties or (v) has made any bribe, unlawful rebate, payoff, influence payment, kickback or other unlawful payment of any nature.

3.9 Material Contracts; Defaults.

(a) Except as set forth in Section 3.9(a) of the Disclosure Schedule of Coastal, neither Coastal nor any of its Subsidiaries is a party to, bound by or subject to any agreement, contract, arrangement, commitment or understanding (whether written or oral) (each a “Coastal Material Contract”): (i) that is a “material contract” within the meaning of Item 601(b)(10) of the SEC’s Regulation S-K; (ii) that (A) limits or would limit in any respect the manner in which, or the localities in which, Coastal or any of its Subsidiaries may conduct its business, (B) that obligates Coastal or any of its Subsidiaries to conduct business with any Person to the exclusion of others, or (C) other than provisions of standard vendor, service or supply contracts entered into the ordinary course of business, limits or would limit in any way the ability of Coastal or any of its Subsidiaries to solicit prospective employees or customers or would so limit or purport to limit the ability of Ameris or any of its affiliates to do so following consummation of the transactions contemplated by this Agreement; or (iii) for the purchase of services, materials, supplies, goods, equipment or for the purchase, lease or license of other assets or property that provides for, or that creates future payment obligations in excess of, either (x) annual payments of $15,000 or more, or (y) aggregate payments of $50,000 or more, other than contracts that can be terminated by Coastal or a Coastal Subsidiary on thirty (30) days or less written notice at any time without penalty or premium.

(b) Neither Coastal nor any of its Subsidiaries, nor, to Coastal’s knowledge, any counterparty or counterparties, is in breach of any Coastal Material Contract, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a breach.

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3.10 State Takeover Laws. The Board of Directors of Coastal has approved this Agreement and the transactions contemplated hereby as required to render inapplicable to this Agreement and such transactions the restrictions on “business combinations” set forth in any applicable “moratorium,” “control share,” “fair price,” “takeover” or “interested shareholder” law.

3.11 Coastal Benefit Plans.

(a) With respect to each Coastal Benefit Plan, Coastal has provided or made available to Ameris a current, correct and complete copy (or, to the extent no such copy exists, an accurate description) thereof and, to the extent applicable: (i) the Coastal Benefit Plan, the related trust agreement or other funding instrument (if any), and any other related documents (including all amendments to such Coastal Benefit Plan and related documents); (ii) the most recent determination or opinion letter, if applicable; (iii) any summary plan description, summary of material modifications and other material written communications, other than individual pension benefit statements provided in accordance with Section 105 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), within the last three (3) years by Coastal and its Subsidiaries to any current or former employee or director of Coastal or any of its Subsidiaries or other beneficiaries concerning the extent of the benefits provided under a Coastal Benefit Plan; (iv) all material communications to or from the Internal Revenue Service (“IRS”) or any other Governmental Entity relating to each Coastal Benefit Plan within the last three (3) years; and (v) for the three (3) most recent years (A) the Form 5500 and attached schedules, (B) audited financial statements and (C) actuarial valuation reports.

(b) (i) Each Coastal Benefit Plan has been administered in all material respects in accordance with its terms and the applicable provisions of ERISA, the Code and other laws; (ii) each Coastal Benefit Plan which is intended to be qualified within the meaning of Section 401(a) of the Code has received or is the subject of a favorable determination letter or uses a prototype document that is subject to a favorable opinion letter relating to the most recently completed IRS remedial amendment period cycle, and, to the knowledge of Coastal, nothing has occurred (whether by action or failure to act) that could reasonably be expected to adversely affect the qualified status of any Coastal Benefit Plan (or the exempt status of any related trust) or require the filing of a submission under the IRS’s employee plans compliance resolution system (“EPCRS”) or the taking of other corrective action pursuant to EPCRS in order to maintain such qualified (or exempt) status, and no Coastal Benefit Plan is the subject of any pending correction or application under EPCRS; (iii) no “reportable event” (as such term is defined in Section 4043 of ERISA) that could reasonably be expected to result in any material liability has occurred with respect to any Coastal Benefit Plan, no non-exempt “prohibited transaction” (as such term is defined in Section 406 of ERISA and Section 4975 of the Code) has been engaged in by Coastal or any of its Subsidiaries with respect to any Coastal Benefit Plan that has or is expected to result in any material liability to Coastal or any of its subsidiaries, and no “accumulated funding deficiency” (as such term is defined in Section 302 of ERISA and Section 412 of the Code (whether or not waived) has occurred with respect to any Coastal Benefit Plan; (iv) no material liability under Subtitle C or D of Title IV or ERISA has been or is expected to be incurred by Coastal or any of its Subsidiaries with respect to any ongoing, frozen or terminated “single-employer plan,” within the meaning of Section 4001(a)(15) of ERISA, currently or formerly maintained by any of them, or the single-employer plan of any ERISA

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Affiliate; (v) there does not now exist, nor, to the knowledge of Coastal, do any circumstances exist that could reasonably be expected to result in, any material Controlled Group Liability that would be a liability of Coastal or any of its Subsidiaries; (vi) except as expressly contemplated by this Agreement, there is no present written commitment by Coastal that any Coastal Benefit Plan be materially amended, suspended or terminated, or otherwise modified to change benefits (or the levels thereof) in a manner that results in an increased cost to Coastal or any of its Subsidiaries (other than an immaterial increase in administrative costs or changes required by law) under any Coastal Benefit Plan at any time within the twelve (12) months immediately following the date hereof; (vii) Coastal and its Subsidiaries have not incurred any material liability under any Coastal Benefit Plan (or any other plan or arrangement to which Coastal or a Subsidiary thereof is a party) in respect of post-employment or post-retirement health, medical or life insurance benefits for current, former or retired employees of Coastal or any of its Subsidiaries, except as required to avoid an excise tax under Section 4980B of the Code or otherwise except as may be required pursuant to any other laws; (viii) each of the Coastal Benefit Plans that is intended to satisfy the requirements of Section 125, 423 or 501(c)(9) of the Code has been administered consistent with such requirements in all material respects; (ix) no Coastal Benefit Plan is funded through a “welfare benefit fund” as defined in Section 419 of the Code; and (x) except as would not be expected to result in any material liability, all contributions required to have been made under the terms of any Coastal Benefit Plan or pursuant to ERISA and the Code have been timely made and, to the extent required, all material obligations in respect of each Coastal Benefit Plan have been properly accrued and reflected in the Coastal Financial Statements. As used in this Agreement, the term “Controlled Group Liability” means any and all liabilities (i) under Title IV of ERISA, (ii) Section 302 or 4068(a) of ERISA, (iii) under Sections 412, 430 and 4971 of the Code, and (iv) as a result of a failure to comply with the continuation coverage requirements of Section 601 et seq. of ERISA and Section 4980B of the Code.

(c) With respect to each of the Coastal Benefit Plans that is not a multiemployer plan within the meaning of Section 4001(a)(iii) of ERISA but is subject to Title IV of ERISA, as of the Effective Time, the assets of each such Coastal Benefit Plan will be at least equal in value to the present value of the accrued benefits (vested and unvested) of the participants in such Coastal Benefit Plan on a termination and projected benefit obligation basis, based on the actuarial methods and assumptions indicated in the most recent applicable actuarial valuation reports.

(d) Neither Coastal nor any of its Subsidiaries (nor any ERISA Affiliate) maintains or contributes to, or within the last ten (10) years has maintained or contributed to, a “multiemployer plan” within the meaning of Section 4001(a)(iii) of ERISA or a “multiple employer welfare arrangement” (as defined in Section 3(40) or ERISA). As used in this Agreement, the term “ERISA Affiliate” means any entity that is considered one employer with Coastal under Section 4001 of ERISA or Section 414 of the Code.

(e) With respect to any Coastal Benefit Plan, (i) no actions, suits or claims (other than routine claims for benefits in the ordinary course) are pending or, to the knowledge of Coastal, threatened that could reasonably be expected to result in any material liability to Coastal or any of its subsidiaries, (ii) to the knowledge of Coastal, no facts or circumstances exist that could reasonably be expected to give rise to any such actions, suits or claims, (iii) no written or

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oral communication has been received from the Pension Benefit Guaranty Corporation (“PBGC”) in respect of any Coastal Benefit Plan subject to Title IV of ERISA concerning the funded status of any such plan or any transfer of assets and liabilities from any such plan in connection with the transactions contemplated herein, (iv) no administrative investigation, audit or other administrative proceeding by the Department of Labor, the PBGC, the IRS or any other Governmental Entity is pending, in progress or, to the knowledge of Coastal, threatened (including any routine requests for information from the PBGC), and (v) there is no judgment, decree, injunction, rule or order of any Governmental Entity or arbitrator outstanding against or in favor of any Coastal Benefit Plan or, to the knowledge of Coastal, any fiduciary thereof (other than rules of general applicability). With respect to each Coastal Benefit Plan that is subject to Title IV or Section 302 of ERISA or Section 412, 430 or 4971 of the Code, (x) no Coastal Benefit Plan has failed to satisfy minimum funding standards (within the meaning of Section 412 or 430 of the Code or Section 302 of ERISA), whether or not waived; and (y) there has been no determination that any Coastal Benefit Plan is, or is expected to be, in “at risk” status (within the meaning of Section 403 of the Code or Section 303 of ERISA). None of the assets of Coastal, any of its Subsidiaries, or any ERISA Affiliate are subject to any Lien arising under ERISA or Subchapter D of Chapter 1 of the Code and, to the knowledge of Coastal, no condition exists that presents a material risk of any such Lien arising.

(f) Except as set forth in Section 3.11(f) of the Disclosure Schedule of Coastal or otherwise in this Agreement, neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will result in an (i) any payment (including severance, unemployment compensation or “excess parachute payment” (within the meaning of Section 280G of the Code), forgiveness of indebtedness or otherwise) becoming due to any current or former employee, officer or director of Coastal or any of its Subsidiaries from Coastal or any of its Subsidiaries under any Coastal Benefit Plan or otherwise, (ii) any increase in compensation or benefits otherwise payable under any Coastal Benefit Plan, (iii) any acceleration of the time of payment or vesting of any such benefits, (iv) the requirement to fund or increase the funding of any such benefits (through a grantor trust or otherwise), (v) except as otherwise provided in this Agreement, any limitation on the right of Coastal or any of its Subsidiaries to (A) amend, merge or terminate any Coastal Benefit Plan or related trust or (B) receive a reversion of assets from any Coastal Benefit Plan or related trust, (vi) the renewal or extension of the term of any agreement regarding the compensation of any current or former employee of Coastal or any of its Subsidiaries, or (vii) any payments under any of the Coastal Benefit Plans or otherwise which would not be deductible under Section 162(m) or 280G of the Code. Except as otherwise provided in this Agreement, neither Coastal nor any of its Subsidiaries has taken, or permitted to be taken, any action that required, and to the knowledge of Coastal, no circumstances exist that will require, the funding, or the increase in the funding, of any benefits under any Coastal Benefit Plan or resulted, or will result, in any limitation on the right of Coastal or any of its Subsidiaries to amend, merge, terminate or receive a reversion of assets from any Coastal Benefit Plan or related trust.

(g) To the knowledge of Coastal, each Coastal Benefit Plan that is a “nonqualified deferred compensation plan” subject to Section 409A of the Code (i) materially complies and, at all times after December 31, 2008 has materially complied, both in form and operation, with the requirements of Section 409A of the Code and the final regulations thereunder and (ii) between January 1, 2005 and December 31, 2008 was operated in good faith compliance with Section 409A of the Code, as determined under applicable guidance of the Department of the Treasury and the IRS.

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3.12 Approvals. As of the date of this Agreement, Coastal knows of no reason why all Regulatory Approvals required for the consummation of the transactions contemplated by this Agreement should not be obtained on a timely basis.

3.13 Fairness Opinion. The Board of Directors of Coastal has received the opinion of BSP Securities LLC (“BSP”), a subsidiary of Banks Street Partners, LLC, to the effect that, as of March 10, 2014, and based upon and subject to the qualifications and assumptions set forth therein, the Merger Consideration is fair from a financial point of view to the holders of Coastal Common Stock and Coastal Series A Preferred Stock. Such opinion has not been amended or rescinded as of the date of this Agreement.

3.14 Coastal Information. None of the information supplied or to be supplied by Coastal for inclusion or incorporation by reference in the Proxy Statement or in the Form S-4, as applicable, or in any other application, notification or other document filed with any Governmental Entity in connection with the transactions contemplated by this Agreement or in any amendment or supplement thereto, will, at the time the Proxy Statement or any such amendment or supplement thereto is first mailed to Coastal’s shareholders or at the time Coastal’s shareholders vote on the matters constituting the Coastal Shareholder Approval or at the time the Form S-4 or any such amendment or supplement thereto becomes effective under the Securities Act or at the Effective Time, or at the time any such other applications, notifications or other documents or any such amendments or supplements thereto are so filed, as the case may be, contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. No representation or warranty is made by Coastal in this Section 3.14 with respect to statements made or incorporated by reference therein based on information supplied by Ameris in writing expressly for inclusion or incorporation by reference in the Proxy Statement, the Form S-4 or such other applications, notifications or other documents. If at any time prior to the Effective Time any event should be discovered by Coastal or any of its Subsidiaries which should be set forth in an amendment or supplement to the Form S-4 or the Proxy Statement, or in any amendment or supplement to any such other applications, notifications or other documents, Coastal shall promptly so inform Ameris.

3.15 Litigation. Except as set forth in Section 3.15 of the Disclosure Schedule of Coastal, there is no action, suit, charge, claim, arbitration, investigation, inquiry, grievance, demand or other proceeding, whether judicial, arbitral, administrative or other (each, an “Action”), pending or, to the knowledge of Coastal, threatened against or affecting Coastal or any of its Subsidiaries, any of their respective properties or assets, or any present (or, to the knowledge of Coastal, former) officer, director or employee of Coastal or any of its Subsidiaries in such individual’s capacity as such, other than any immaterial, ordinary and routine Action incidental to the business of Coastal and its Subsidiaries. Neither Coastal nor any of its Subsidiaries nor any of their respective properties or assets is subject to any outstanding judgment, order, injunction, rule or decree of any Governmental Entity.

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3.16 Labor Matters.

(a) There are no collective bargaining agreements or other labor union contracts, agreements or understandings applicable to any employees of Coastal or any of its Subsidiaries. There is no labor dispute, strike, work stoppage or lockout, or, to the knowledge of Coastal, threat thereof, by or with respect to any employees of Coastal or any of its Subsidiaries, and there has been no labor dispute, strike, work stoppage, lockout or other work related disruption since December 31, 2010. To the knowledge of Coastal, there are no organizational efforts with respect to the formation of a collective bargaining unit presently being made or threatened involving employees of Coastal or any of its Subsidiaries. Coastal and its Subsidiaries are in compliance with all applicable laws respecting employment and employment practices, terms and conditions of employment, wages, hours of work, occupational safety and health, disability, non-discrimination in employment and workers’ compensation. Except as set forth in Section 3.16(a) of the Disclosure Schedule of Coastal, no Action asserting that Coastal or any of its Subsidiaries has committed an unlawful employment practice or an unfair labor practice (within the meaning of the National Labor Relations Act of 1935) or seeking to compel Coastal or any of its Subsidiaries to bargain with any labor organization as to wages or conditions of employment is pending or, to the knowledge of Coastal, threatened with respect to Coastal or any of its Subsidiaries before the National Labor Relations Board, the Equal Employment Opportunity Commission, the Department of Labor or any other Governmental Entity.

(b) Neither Coastal nor any of its Subsidiaries is a party to, or otherwise bound by, any consent decree with, or citation by, any Governmental Entity relating to employees or employment practices. None of Coastal, any of its Subsidiaries or any of its or their executive officers has received within the past three (3) years any notice of intent by any Governmental Entity responsible for the enforcement of labor or employment laws to conduct an investigation relating to Coastal or any of its Subsidiaries and, to the knowledge of Coastal, no such investigation is in progress.

3.17 Environmental Matters.

(a) (i) Neither Coastal’s conduct nor its operation, or the conduct or operation of its Subsidiaries, nor any condition known to Coastal of any property presently owned, leased or operated by any of them (including in a fiduciary or agency capacity), violates or has violated Environmental Laws; (ii) there has been no release of any Hazardous Substance by Coastal or any of its Subsidiaries in any manner that has given or would reasonably be expected to give rise to any remedial obligation, corrective action requirement or liability under applicable Environmental Laws; (iii) since December 31, 2010, neither Coastal nor any of its Subsidiaries has received any written claims, notices, demand letters or requests for information (except for such claims, notices, demand letters or requests for information the subject matter of which has been resolved prior to the date of this Agreement) from any Governmental Entity or any third party asserting that Coastal or any of its Subsidiaries or the operation or condition of any property ever owned, leased, operated or held as collateral or in a fiduciary capacity by Coastal or any of its Subsidiaries are or were in violation of any Environmental Law or alleging that Coastal or any of its Subsidiaries have liability under any Environmental Law, including responsibility (or potential responsibility) for the cleanup or other remediation of any pollutants, contaminants or hazardous or toxic wastes, substances or materials at, on, beneath or originating

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from any such property; (iv) no Hazardous Substance has been disposed of, arranged to be disposed of, released or transported in a manner that has given rise to, or that would reasonably be expected to give rise to, any liability to Coastal or any of its Subsidiaries under any Environmental Law, from any current or former properties or facilities while owned or operated by Coastal or any of its Subsidiaries or as a result of any operations or activities of Coastal or any of its Subsidiaries at any location, and no other condition has existed or event has occurred with respect to Coastal or any of its Subsidiaries or any such properties or facilities that, with notice or the passage of time, or both, would be reasonably likely to result in liability to Coastal or any of its Subsidiaries under any Environmental Law, and Hazardous Substances are not otherwise present at or about any such properties or facilities in amount or condition that has resulted in or could reasonably be expected to result in liability to Coastal or any of its Subsidiaries under any Environmental Law; and (v) neither Coastal or its Subsidiaries nor any of their respective properties or facilities are subject to, or are, to Coastal’s knowledge, threatened to become subject to, any liabilities relating to any suit, settlement, court order, administrative order, regulatory requirement, judgment or claim asserted or arising under any Environmental Law or any agreement relating to environmental liabilities.

(b) As used in this Agreement, the term “Environmental Law” means any law relating to (i) the protection, preservation or restoration of the environment (including air, surface water, groundwater, drinking water supply, surface land, subsurface land, plant and animal life or any other natural resource) or (ii) the exposure to, or the use, storage, recycling, treatment, generation, transportation, processing, handling, labeling, production, release or disposal of Hazardous Substances, including the Resource Conservation and Recovery Act, the Comprehensive Environmental Response, Compensation, and Liability Act, the Clean Water Act, and the Clean Air Act; regulations promulgated thereunder, and state counterparts to the foregoing.

(c) As used in this Agreement, the term “Hazardous Substance” means any substance listed, defined, designated, classified or regulated as a waste, pollutant or contaminant or as hazardous, toxic, radioactive or dangerous or any other term of similar import under any Environmental Law, including petroleum.

3.18 Loan Matters.

(a) There are no outstanding loans to any directors, executive officers and principal shareholders (as such terms are defined in the FRB’s Regulation O (12 C.F.R. Part 215)) of Coastal or any of its Subsidiaries on which the borrower is paying a rate other than that reflected in the note or other relevant credit or security agreement or on which the borrower is paying a rate which was below market at the time the loan was originated.

(b) Each outstanding loan held by Coastal or any of its Subsidiaries (including loans held for resale to investors) was solicited and originated, and is and has been administered and, where applicable, serviced, and the relevant loan files are being maintained, in accordance with the relevant notes or other credit or security documents, Coastal’s or its applicable Subsidiary’s written underwriting standards (and, in the case of loans held for resale to investors, the underwriting standards, if any, of the applicable investors) and with all applicable laws.

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(c) Except as set forth in Section 3.18(c) of the Disclosure Schedule of Coastal, none of the agreements pursuant to which Coastal or any of its Subsidiaries has sold loans or pools of loans or participations in loans or pools of loans contains any obligation to repurchase such loans or interests therein solely on account of a payment default by the obligor on any such loan.

(d) Each outstanding loan (i) is evidenced by notes, agreements or other evidences of indebtedness that are true, genuine and what they purport to be, (ii) to the extent secured, has been secured by valid Liens which have been perfected and (iii) is a legal, valid and binding obligation of the obligor named therein, enforceable in accordance with its terms (subject to the Bankruptcy and Equity Exception).

(e) Except as set forth in Section 3.18(e) of the Disclosure Schedule of Coastal, with respect to the loans held by Coastal or any of its Subsidiaries, Coastal has provided or made available to Ameris the following: (i) all loans (including loan participants) that have been accelerated during the past twelve (12) months; (ii) all loan commitments or lines of credit which have been terminated during the past twelve (12) months by reason of a default or adverse developments in the condition of the borrower or other events or circumstances affecting the credit of the borrower; (iii) all loans, lines of credit and loan commitments as to which it has given written notice of its intent to terminate during the past twelve (12) months; (iv) with respect to any commercial loans (including any commercial real estate loan) with an outstanding balance in excess of $500,000, all notification letters and other written communications from it to any of its borrowers, customers or other parties during the past twelve (12) months wherein it has requested or demanded that actions be taken to correct existing defaults or facts or circumstances which may become defaults; (v) each borrower, customer or other party which has notified it during the past twelve (12) months of, or has asserted against it, in each case in writing, any “lender liability” or similar claim, and, to the knowledge of Coastal, each borrower, customer or other party which has given any oral notification of, or orally asserted to or against it, any such claim; (vi) all loans, (A) that are contractually past due ninety (90) days or more in the payment of principal or interest, (B) that are on non-accrual status, (C) that as of the date of this Agreement are classified as “Other Loans Specially Mentioned,” “Special Mention,” “Substandard,” “Doubtful,” “Loss,” “Classified,” “Criticized,” “Watch List,” or words of similar import, together with the principal amount of and accrued and unpaid interest on each such loan and the identity of the obligor thereunder, (D) where a reasonable doubt exists as to the timely future collectibility of principal or interest, whether or not interest is still accruing or the loans are less than ninety (90) days past due, (E) where, during the past one year, the interest rate terms have been reduced or the maturity dates have been extended subsequent to the agreement under which the loan was originally created due to concerns regarding the borrower’s ability to pay in accordance with such initial terms, or (F) where a specific reserve allocation exists in connection therewith; and (vii) all assets classified by it as real estate acquired through foreclosure or in lieu of foreclosure, including in-substance foreclosures, and all other assets currently held that were acquired through foreclosure or in lieu of foreclosure.

(f) The allowance for loan losses reflected in the Coastal Financial Statements was (and will be for periods ended after December 31, 2013) adequate, as of the dates thereof, under GAAP.

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3.19 Intellectual Property.

(a) Coastal and each of its Subsidiaries either owns or licenses all Intellectual Property used by it and necessary for the conduct of its businesses as currently conducted. Neither Coastal nor any of its Subsidiaries is the licensor of Intellectual Property to any third party. None of the Intellectual Property used by Coastal or any of its Subsidiaries violates or infringes upon the Intellectual Property rights of any other Person. As of the date hereof, there is no Action pending or, to the knowledge of Coastal, threatened, which challenges the rights of Coastal or any of its Subsidiaries with respect to Intellectual Property used in its business or which asserts any violation or infringement of the Intellectual Property rights of any other Person.

(b) For purposes of this Agreement, the term “Intellectual Property” means (i) trademarks, service marks, trade names, Internet domain names, designs and logos, together with all registrations and applications related to the foregoing; (ii) patents and industrial designs (including any applications for either of the foregoing); (iii) copyrights (including any registrations and applications for any of the foregoing); and (iv) computer programs, whether in source code or object code form (including any and all software implementation of algorithms, models and methodologies), databases and compilations (including any and all data and collections of data), and all documentation (including user manuals and training materials) related to the foregoing.

3.20 Transactions with Affiliates. Except as set forth in Section 3.20 of the Disclosure Schedule of Coastal, there are no agreements, contracts, plans, arrangements or other transactions between Coastal or any of its Subsidiaries, on the one hand, and any (i) officer or director of Coastal or any of its Subsidiaries, (ii) record or beneficial owner of five percent (5%) or more of the voting securities of Coastal, (iii) affiliate or family member of any such officer, director or record or beneficial owner or (iv) any other affiliate of Coastal, on the other hand, except those of a type available to non-affiliates of Coastal generally and compensation or benefit arrangements with officers and directors.

3.21 Derivative Instruments and Transactions.

(a) All Derivative Transactions, whether entered into for Coastal’s own account or for the account of one or more of its Subsidiaries or their customers, if any, were entered into (i) in the ordinary course of business consistent with past practice and in accordance with prudent business practices and all applicable laws and (ii) with counterparties believed to be financially responsible at the time. Each Derivative Transaction constitutes the valid and legally binding obligation of Coastal or one of its Subsidiaries, enforceable in accordance with its terms (subject to the Bankruptcy and Equity Exception), and is, as of the date hereof, in full force and effect. Neither Coastal nor its Subsidiaries, nor, to Coastal’s knowledge, any other party thereto, is in breach of any of its obligations under any such agreement or arrangement.

(b) As used in this Agreement, the term “Derivative Transaction” means any instrument currently considered to be a “swap” in the banking industry, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction or collar transaction relating to one or more currencies, commodities, bonds, equity securities, loans, interest rates, catastrophe events or weather-related events, credit-related events or conditions or

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any indexes (including any option with respect to any of these transactions) or combination of any of these transactions, including collateralized mortgage obligations or other similar instruments or any debt or equity instruments evidencing or embedding any such types of transactions, and any related credit support, collateral or other similar arrangements related to such transactions.

3.22 Trust Business. Each of Coastal and its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including accounts for which it serves as trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the applicable governing documents and applicable laws and regulations.

3.23 Taxes.

(a) All Tax Returns required to have been filed by or with respect to Coastal or its Subsidiaries have been timely filed (taking into account any extension of time to file granted or obtained), except where the failure to file such Tax Returns would not have a Material Adverse Effect or its Subsidiaries, and such Tax Returns are accurate and complete in all material respects. All Taxes shown to be payable on such Tax Returns have been paid or will be timely paid and all other Taxes required to be paid by Coastal or its Subsidiaries have been paid or will be timely paid, except for those Taxes being contested in good faith and for which adequate reserves have been established in the Coastal Financial Statements or will be established in financial statements of Coastal to be provided to Ameris after the date hereof pursuant to this Agreement or where the failure to pay such Taxes would not have a Material Adverse Effect on Coastal or its Subsidiaries. No deficiency for any Tax has been asserted or assessed by a Governmental Entity in writing against Coastal or any of its Subsidiaries that has not been satisfied by payment, settled or withdrawn. There are no Liens for Taxes on the assets of Coastal or any of its Subsidiaries (except for statutory Liens for Taxes not yet delinquent). There are no outstanding waivers or agreements extending the period for assessment of Taxes for any period with respect to any Tax to which Coastal or any of its Subsidiaries may be subject. All Taxes not yet due and payable by Coastal or its Subsidiaries have been properly accrued on the financial books and records of Coastal and its Subsidiaries in accordance with GAAP. None of Coastal or its Subsidiaries is a party to or bound by or has any obligation under any Tax allocation sharing or similar agreement or arrangement (other than an agreement or arrangement solely among Coastal and its Subsidiaries).

(b) Coastal and its Subsidiaries have complied with all applicable laws relating to withholding of Taxes (including withholding of Taxes pursuant to Sections 1441, 1442, 3121 and 3402 of the Code and similar provisions under any other domestic or foreign tax laws) and have, within the time and the manner prescribed by law, paid over to the proper Governmental Entities all amounts required to be so withheld and paid over under applicable laws, except where the failure so to comply with such laws or to pay over such amounts would not have a Material Adverse Effect on Coastal or its Subsidiaries. Coastal and each of its Subsidiaries have complied with all information reporting requirements imposed by the Code (and similar provisions under any other domestic or foreign Tax laws).

(c) As of the date of this Agreement, there are no audits, claims or controversies now pending, or to the knowledge of Coastal, threatened against or with respect to Coastal or any of its Subsidiaries with respect to any Tax or failure to file any Tax Return.

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(d) Coastal is not aware of any agreement, plan, or other circumstance or reason that could reasonably be expected to prevent the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code.

(e) Neither Coastal nor any of its Subsidiaries has been a party to any distribution occurring in the last five (5) years in which the parties to such distribution treated the distribution as one to which Section 355 of the Code applied.

(f) No closing agreement pursuant to Section 7121 of the Code (or any similar provision of state, local or foreign law) has been entered into by or with respect to Coastal or any of its Subsidiaries.

(g) Neither Coastal nor any of its Subsidiaries has engaged in any “listed transaction,” as defined in Section 6707A(c)(2) of the Code and the Treasury Regulations thereunder, as a principal, as a material advisor or otherwise.

(h) Except as may result from the transactions contemplated by this Agreement, none of the net operating loss carryforwards, net unrealized built-in losses, tax credits, or capital loss carryforwards for federal income tax purposes of Coastal or any Coastal Subsidiary is, as applicable, currently subject to limitation under Section 382 or 383 of the Code.

(i) Neither Coastal nor any of its Subsidiaries (i) is or has, since December 31, 2009, been a member of an affiliated group (other than a group the common parent of which is Coastal or a Coastal Subsidiary) filing a consolidated, joint, combined or unitary Tax Return or (ii) has any liability for Taxes of any Person (other than Coastal and any of its Subsidiaries) arising from the application of Treasury Regulations Section 1.1502-6 or any analogous provision of state, local or foreign law, or as a transferee or successor, by contract, or otherwise.

(j) As used in this Agreement, the term “Taxes” means any federal, state, local or foreign income, gross receipts, property, sales, use, license, excise, franchise, employment, payroll, withholding, alternative or add on minimum, ad valorem, transfer or excise tax, or any other tax, custom, duty, governmental fee or other like assessment or charge of any kind whatsoever, including all interest, penalties and additions imposed with respect to such amounts, imposed by any Governmental Entity.

(k) As used in this Agreement, the term “Tax Returns” means all domestic or foreign (whether national, federal, state, provincial, local or otherwise) returns, declarations, statements, reports, schedules, forms, claims for refund and information returns relating to Taxes and including any attachment thereto or amendment thereof.

3.24 Community Reinvestment Act Compliance. Coastal Bank is in compliance with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of “satisfactory” or better in its most recently completed exam, and Coastal has no knowledge of the existence of any fact or circumstance or set of facts or circumstances which could reasonably be expected to result in any such Subsidiary having its current rating lowered.

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3.25 Insurance. Coastal and each of its Subsidiaries are presently insured with what Coastal believes to be financially sound and reputable insurance companies against such risks and for such amounts (and in accordance with all contractual and legal requirements applicable to Coastal) as companies engaged in a similar business would, in accordance with good business practice, customarily be insured. All of the policies, bonds and other arrangements providing for the foregoing (the “Coastal Insurance Policies”) are in full force and effect, the premiums due and payable thereon have been or will be timely paid through the Effective Time, and there is no breach or default (and no condition exists or event has occurred that, with the giving of notice or lapse of time or both, would constitute such a breach or default) by Coastal or any of its Subsidiaries under any of the Coastal Insurance Policies or, to the knowledge of Coastal, by any other party to the Coastal Insurance Policies. Neither Coastal nor any of its Subsidiaries has received any notice of cancellation or non-renewal of any Coastal Insurance Policy nor, to the knowledge of Coastal, is the termination of any such policies threatened by the insurer, and there is no claim for coverage by Coastal or any of its Subsidiaries pending under any of such Coastal Insurance Policies as to which coverage has been denied or disputed by the underwriters of such Coastal Insurance Policies or in respect of which such underwriters have reserved their rights.

3.26 Title. Coastal and its Subsidiaries have good and marketable title in fee simple to all real property owned by them and good and valid title to all personal property owned by them, in each case free and clear of all Liens, except for Liens reflected in the Coastal Financial Statements and statutory Liens for amounts not yet due and payable. Any real property and facilities held under lease by Coastal or its Subsidiaries are valid, subsisting and enforceable leases. None of such real property or facilities leases will be adversely affected by the consummation of the Merger or the Bank Merger.

3.27 Investment Portfolio. Except for pledges to secure public and trust deposits or otherwise made in the ordinary course of business, Liens securing repurchase obligations incurred in the ordinary course of business consistent with past practices, and for FHLB stock, none of the investment securities reflected in the Coastal Financial Statements and none of the investment securities since acquired by Coastal or any of its Subsidiaries is subject to any restriction, whether contractual or statutory, which impairs the ability of Coastal or any of its Subsidiaries to freely dispose of such investment at any time, other than those restrictions imposed on securities held to maturity under GAAP.

3.28 Books and Records. The corporate record books of Coastal and its Subsidiaries are complete and accurate in all material respects and reflect all meetings, consents and other actions of the boards of directors and shareholders of Coastal and its Subsidiaries.

3.29 Indemnification. To the knowledge of Coastal, no action or failure to take action by any present or former director, officer, employee or agent of Coastal or any of its Subsidiaries has occurred which would give rise to a claim by any such individual for indemnification from Coastal or any of its Subsidiaries.

3.30 Broker’s Fees. Neither Coastal nor any of its Subsidiaries nor any of their respective officers, directors, employees or agents has utilized any broker, finder or financial advisor or incurred any liability for any broker’s fees, commissions or finder’s fees in connection with the Merger or any other transactions contemplated by this Agreement, other than to BSP pursuant to a letter agreement, a true, complete and correct copy of which has been previously delivered to Ameris.

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ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF AMERIS

Except as (i) Previously Disclosed or (ii) disclosed in any Ameris SEC Reports or other publicly available document filed with or furnished by Ameris to the SEC prior to the date hereof (but excluding any risk factor disclosures contained under the heading “Risk Factors,” any disclosure of risks included in any “forward-looking statements” disclaimer or any other statements that are similarly non-specific or predictive or forward-looking in nature), Ameris hereby represents and warrants to Coastal as follows:

4.1 Organization, Standing and Power.

(a) Each of Ameris and its Subsidiaries (i) is an entity duly organized, validly existing and in good standing (with respect to jurisdictions that recognize such concept) under the laws of the jurisdiction of its incorporation or organization, (ii) has all requisite corporate or similar power and authority to own, lease and operate its properties and to carry on its business as now being conducted and (iii) is duly qualified or licensed to do business and is in good standing (with respect to jurisdictions that recognize such concept) in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties or assets makes such qualification or licensing necessary, except where the failure to be so qualified or licensed would not have a Material Adverse Effect on Ameris.

(b) Ameris has previously made available to Coastal true and complete copies of Ameris’s articles of incorporation (the “Ameris Charter”) and bylaws (the “Ameris Bylaws”), in each case as amended to the date of this Agreement and as in full force and effect. Neither Ameris nor any of its Subsidiaries is in violation of any provision of the Ameris Charter or Ameris Bylaws or such articles or certificate of incorporation or formation and bylaws (or comparable organizational documents) of such Subsidiary, as applicable.

4.2 Capitalization.

(a) The authorized capital stock of Ameris consists of 100,000,000 shares of Ameris Common Stock of which, as of the date hereof, 25,168,735 shares were issued and outstanding, and 5,000,000 shares of preferred stock, 28,000 of which are issued and outstanding as Fixed Rate Cumulative Perpetual Preferred Stock, Series A. All of the issued and outstanding shares of Ameris Common Stock have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights with no personal liability attaching to the ownership thereof. As of the date of this Agreement, no Voting Debt of Ameris is issued and outstanding. As of the date hereof, Ameris held 1,363,342 shares of Ameris Common Stock in its treasury. As of December 31, 2013, except as disclosed in the Ameris SEC Reports, Ameris does not have and is not bound by any Rights calling for the purchase or issuance of any shares of Ameris Common Stock, Voting Debt of Ameris or any other equity securities of Ameris or any securities representing the right to purchase or otherwise receive any shares of Ameris Common Stock, Voting Debt of Ameris or other equity securities of Ameris. The shares of Ameris Common Stock to be issued pursuant to the Merger will be duly authorized and validly issued and, at the Effective Time, all such shares will be fully paid, nonassessable and free of preemptive rights, with no personal liability attaching to the ownership thereof.

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(b) All of the issued and outstanding shares of capital stock or other equity ownership interests of each Significant Subsidiary (as defined in Rule 1-02 of Regulation S-X promulgated under the Exchange Act) of Ameris are owned by Ameris, directly or indirectly, free and clear of any Liens, and all of such shares or equity ownership interests are duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights. No Significant Subsidiary of Ameris has or is bound by any Rights calling for the purchase or issuance of any shares of capital stock or any other equity security of such Subsidiary or any securities representing the right to purchase or otherwise receive any shares of capital stock or any other equity security of such Subsidiary.

(c) Ameris does not have a dividend reinvestment plan or any shareholder rights plan.

4.3 Authority; No Violation.

(a) Ameris has full corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. As of the date of this Agreement, the Board of Directors of Ameris has determined that this Agreement is advisable and in the best interests of Ameris and its shareholders. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly approved by the Board of Directors of Ameris and no other corporate action is necessary on the part of Ameris. This Agreement has been duly and validly executed and delivered by Ameris and (assuming due authorization, execution and delivery by Coastal) constitutes the valid and binding obligation of Ameris, enforceable against Ameris in accordance with its terms (subject to the Bankruptcy and Equity Exception).

(b) Neither the execution and delivery of this Agreement by Ameris or the Bank Merger Agreement by Ameris Bank, nor the consummation by Ameris of the transactions contemplated in this Agreement or by Ameris Bank of the transactions in the Bank Merger Agreement, nor compliance by Ameris or Ameris Bank with any of the terms or provisions of this Agreement or the Bank Merger Agreement, will (i) violate any provision of the Ameris Charter or the Ameris Bylaws or the organizational documents of Ameris Bank, or (ii) assuming that the consents, approvals and filings referred to in Section 4.4 are duly obtained or made, (A) violate any law, judgment, order, injunction or decree applicable to Ameris, any of its Subsidiaries or any of their respective properties or assets in a manner that could be reasonably expected to have a Material Adverse Effect on Ameris, or (B) violate, conflict with, result in a breach of any provision of or the loss of any benefit under, constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, result in the termination of or a right of termination or cancellation under, accelerate the performance required by, or result in the creation of any Lien upon any of the respective properties or assets of Ameris or any of its Subsidiaries under, any of the terms, conditions or provisions of any material note, bond, mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which Ameris or any of its Subsidiaries is a party or by which any of them or any of their respective properties or assets is bound.

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4.4 Consents and Approvals. Except for (i) the Regulatory Approvals, (ii) the filing with the SEC of the Proxy Statement and the filing and declaration of effectiveness of the Form S-4, (iii) the filing of the Articles of Merger contemplated by Section 1.2 and the filing of documents with the FDIC, the Georgia Department of Banking and Finance and the Secretary of State of the State of Georgia to cause the Bank Merger to become effective, (iv) any consents, authorizations, approvals, filings or exemptions in connection with compliance with the rules and regulations of any applicable SRO and the rules of the Nasdaq and (v) such filings and approvals as are required to be made or obtained under the securities or “Blue Sky” laws of various states in connection with the issuance of the shares of Ameris Common Stock pursuant to this Agreement and approval of listing of such Ameris Common Stock on the Nasdaq, no consents or approvals of or filings or registrations with any Governmental Entity are necessary in connection with the consummation by Ameris or any of its Subsidiaries of the Merger, the Bank Merger, or any of the other transactions contemplated by this Agreement. No consents or approvals of or filings or registrations with any Governmental Entity are necessary in connection with the execution and delivery by Ameris of this Agreement.

4.5 Reports.

(a) Ameris and each of its Subsidiaries have filed all reports, registrations, statements and certifications, together with any amendments required to be made with respect thereto, that they were required to file since December 31, 2010 and prior to the date hereof with Governmental Entities, and have paid all fees and assessments due and payable in connection therewith. There is no unresolved violation or exception of which Ameris has been given notice by any Governmental Entity with respect to any such report, registration, statement or certification.

(b) An accurate and complete copy of each final registration statement, prospectus, report, schedule and definitive proxy statement filed with or furnished to the SEC by Ameris pursuant to the Securities Act or the Exchange Act since December 31, 2010 and prior to the date of this Agreement (the “Ameris SEC Reports”) is publicly available. No such Ameris SEC Report, at the time filed, furnished or communicated (and, in the case of registration statements and proxy statements, on the dates of effectiveness and the dates of the relevant meetings, respectively), contained any untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary in order to make the statements made therein, in light of the circumstances in which they were made, not misleading, except that information as of a later date (but before the date of this Agreement) shall be deemed to modify information as of an earlier date. As of their respective dates, all Ameris SEC Reports complied as to form in all material respects with the published rules and regulations of the SEC with respect thereto. As of the date of this Agreement, no executive officer of Ameris has failed in any respect to make the certifications required of him or her under Section 302 or 906 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”).

4.6 Financial Statements.

(a) The financial statements of Ameris and its Subsidiaries included (or incorporated by reference) in the Ameris SEC Reports (including the related notes, where applicable) (i) have been prepared from, and are in accordance with, the books and records of Ameris and its Subsidiaries; (ii) fairly present in all material respects the consolidated results of

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operations, cash flows, changes in stockholders’ equity and consolidated financial position of Ameris and its Subsidiaries for the respective fiscal periods or as of the respective dates therein set forth (subject in the case of unaudited statements to recurring year-end audit adjustments normal in nature and amount); (iii) complied as to form, as of their respective dates of filing with the SEC, in all material respects with applicable accounting requirements and with the published rules and regulations of the SEC with respect thereto; and (iv) have been prepared in accordance with GAAP consistently applied during the periods involved, except, in each case, as indicated in such statements or in the notes thereto. As of the date hereof, the books and records of Ameris and its Subsidiaries have been maintained in all material respects in accordance with GAAP and any other applicable legal and accounting requirements and reflect only actual transactions.

(b) There is no transaction, arrangement or other relationship between Ameris or any of its Subsidiaries and any unconsolidated or other affiliated entity that, as of the date hereof, is not reflected in the Ameris SEC Reports.

(c) The records, systems, controls, data and information of Ameris and its Subsidiaries are recorded, stored, maintained and operated under means (including any electronic, mechanical or photographic process, whether computerized or not) that are under the exclusive ownership and direct control of Ameris or its Subsidiaries or accountants (including all means of access thereto and therefrom), except for any non-exclusive ownership and non-direct control that would not reasonably be expected to have a Material Adverse Effect on Ameris’s (or any Ameris Subsidiary’s) system of internal accounting controls.

(d) Since December 31, 2010, (i) neither Ameris nor, to the knowledge of Ameris, any director, officer, employee, auditor, accountant or representative of Ameris or Ameris Bank has received or otherwise had or obtained knowledge of any material complaint, allegation, assertion or claim, whether written or oral, regarding the accounting or auditing practices, procedures, methodologies or methods of Ameris or any of its Subsidiaries or its internal accounting controls, including any material complaint, allegation, assertion or claim that Ameris or any of its Subsidiaries has engaged in questionable accounting or auditing practices, and (ii) no attorney representing Ameris or any of its Subsidiaries, or other Person, whether or not employed by Ameris or any of its Subsidiaries, has reported evidence of a material violation of securities laws, breach of fiduciary duty or violation of banking or other laws by Ameris or any of its Subsidiaries or any of their officers, directors, employees or agents to the Board of Directors or senior management of Ameris or any of its Subsidiaries or any committee thereof or to any director or officer of Ameris or any of its Subsidiaries.

4.7 Compliance with Applicable Law.

(a) Ameris and each of its Subsidiaries are, and at all times since December 31, 2011, have been, in compliance in all material respects with all laws applicable to their businesses, operations, properties, assets, and employees. Ameris and each of its Subsidiaries have in effect, and at all relevant times since December 31, 2010, held all material Permits necessary for them to own, lease or operate their properties and assets and to carry on their businesses and operations as now conducted, and, to Ameris’s knowledge, no suspension or cancellation of any such Permits is threatened and there has occurred no violation of, default (with or without notice or lapse of time or both) under or event giving to others any right of revocation, non-renewal, adverse modification or cancellation of, with or without notice or lapse

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of time or both, any such Permit. Ameris is duly registered with the FRB as a financial holding company under the BHC Act. The deposit accounts of Ameris Bank are insured by the FDIC through the Deposit Insurance Fund to the fullest extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due. No Action for the revocation or termination of such deposit insurance is pending or, to the knowledge of Ameris, threatened.

(b) Since December 31, 2011, neither Ameris nor any of its Subsidiaries has received any written notification or communication from any Governmental Entity (i) requiring Ameris or any of its Subsidiaries to enter into or consent to the issuance of a cease and desist order, formal or written agreement, directive, commitment, memorandum of understanding, board resolution, extraordinary supervisory letter or other formal or informal enforcement action of any kind that imposes any material restrictions on its conduct of business or that relates to its capital adequacy, its credit or risk management policies, its dividend policy, its management, its business or its operations (any of the foregoing, an “Ameris Regulatory Agreement”), or (ii) threatening or contemplating revocation or limitation of, or which would have the effect of revoking or limiting, FDIC insurance coverage, and, to the knowledge of Ameris, neither Ameris nor any of its Subsidiaries has been advised by any Governmental Entity that such Governmental Entity is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such judgment, order, injunction, rule, agreement, memorandum of understanding, commitment letter, supervisory letter, decree or similar submission. Neither Ameris nor any of its Subsidiaries is party to or subject to any Ameris Regulatory Agreement.

(c) Neither Ameris nor any of its Subsidiaries (nor, to the knowledge of Ameris, any of their respective directors, executives, representatives, agents or employees) (i) has used or is using any corporate funds for any illegal contributions, gifts, entertainment or other unlawful expenses relating to political activity, (ii) has used or is using any corporate funds for any direct or indirect unlawful payments to any foreign or domestic governmental officials or employees, (iii) has violated or is violating any provision of the Foreign Corrupt Practices Act of 1977, (iv) has established or maintained, or is maintaining, any unlawful fund of corporate monies or other properties or (v) has made any bribe, unlawful rebate, payoff, influence payment, kickback or other unlawful payment of any nature.

4.8 Approvals. As of the date of this Agreement, Ameris knows of no reason why all Regulatory Approvals required for the consummation of the transactions contemplated by this Agreement should not be obtained on a timely basis.

4.9 Ameris Information. None of the information supplied or to be supplied by Ameris for inclusion or incorporation by reference in the Proxy Statement or in the Form S-4, as applicable, or in any other application, notification or other document filed with any Governmental Entity in connection with the transactions contemplated by this Agreement, or any amendment or supplement thereto will, at the time the Proxy Statement or any such amendment or supplement thereto is first mailed to Coastal’s shareholders or at the time Coastal’s shareholders vote on the matters constituting the Coastal Shareholder Approval, or at the time the Form S-4 or any such amendment or supplement becomes effective under the Securities Act or at the Effective Time, or at the time any such other applications, notifications or other documents or any such amendments or supplements thereto are so filed, as the case may be, contain any untrue statement of a material fact or omit to state a material fact required to be

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stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. No representation or warranty is made by Ameris in this Section 4.9 with respect to statements made or incorporated by reference therein based on information supplied by Coastal in writing expressly for inclusion or incorporation by reference in the Proxy Statement, the Form S-4 or such other applications, notifications or other documents. If at any time prior to the Effective Time any event should be discovered by Ameris which should be set forth in an amendment or supplement to the Form S-4 or the Proxy Statement, or in any amendment or supplement to any such other applications, notifications or other documents, Ameris shall promptly so inform Coastal.

4.10 Transactions with Affiliates. There are no agreements, contracts, plans, arrangements or other transactions between Ameris or any of its Subsidiaries, on the one hand, and any (i) officer or director of Ameris or any of its Subsidiaries, (ii) record or beneficial owner of five percent (5%) or more of the voting securities of Ameris, (iii) affiliate or family member of any such officer, director or record or beneficial owner or (iv) any other affiliate of Ameris, on the other hand, except those of a type available to non-affiliates of Ameris generally, and compensation or benefit arrangements with officers and directors.

4.11 Taxes. Ameris is not aware of any agreement, plan, or other circumstance or reason that could reasonably be expected to prevent the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code.

4.12 Broker’s Fees. Neither Ameris nor any of its Subsidiaries nor any of their respective officers, directors, employees or agents has utilized any broker, finder or financial advisor or incurred any liability for any broker’s fees, commissions or finder’s fees in connection with the Merger or any other transactions contemplated by this Agreement, other than to Keefe, Bruyette & Woods, Inc.

4.13 Community Reinvestment Act Compliance. Ameris Bank is in compliance with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of “satisfactory” or better in its most recently completed exam, and Ameris has no knowledge of the existence of any fact or circumstance or set of facts or circumstances which could reasonably be expected to result in any such Subsidiary having its current rating lowered.

4.14 Absence of Changes.

(a) Since December 31, 2012, no event or events have occurred that have had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on Ameris.

(b) Since December 31, 2012, Ameris and its Subsidiaries have conducted their respective businesses in the ordinary course of business.

4.15 Litigation. There is no Action pending or, to the knowledge of Ameris, threatened against or affecting Ameris or any of its Subsidiaries, any of their respective properties or assets, or any present (or, to the knowledge of Ameris, former) officer, director or employee of Ameris or any of its Subsidiaries in such individual’s capacity as such, other than any immaterial,

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ordinary routine Action incidental to the business of Ameris and its Subsidiaries. Neither Ameris nor any of its Subsidiaries nor any of their respective properties or assets is subject to any outstanding judgment, order, injunction, rule or decree of any Governmental Entity.

ARTICLE V

COVENANTS RELATING TO CONDUCT OF BUSINESS

5.1 Conduct of Coastal Business Prior to the Effective Time. Except as expressly contemplated or permitted by this Agreement or as required by applicable law or a Governmental Entity, or with the prior written consent of Ameris, during the period from the date of this Agreement to the Effective Time, Coastal shall, and shall cause each of its Subsidiaries to, (a) conduct its business in the ordinary course consistent with past practice, (b) use commercially reasonable efforts to maintain and preserve intact its business organization and advantageous business relationships, and (c) take no action that is intended to or would reasonably be expected to adversely affect or materially delay the ability of Coastal or Ameris or any of their respective Subsidiaries to obtain any necessary Regulatory Approvals or to consummate the transactions contemplated hereby.

5.2 Coastal Forbearances. During the period from the date of this Agreement to the Effective Time, except as expressly contemplated or permitted by this Agreement, as Previously Disclosed or as required by applicable law or a Governmental Entity, Coastal shall not, and shall not permit any of its Subsidiaries, without the prior written consent of Ameris (which shall not be unreasonably withheld, conditioned or delayed with respect to subsections (e), (f), (i), (l) and (p)), to:

(a) Capital Stock. Change the number of authorized or issued shares of its capital stock, issue any shares of Coastal Common Stock, including any shares that are held as treasury stock as of the date of this Agreement, or issue or grant any Right or agreement of any character relating to its authorized or issued capital stock or any securities convertible into shares of such stock, make any grant or award under the Coastal Option Plan, or split, combine or reclassify any shares of capital stock, or declare, set aside or pay any dividend or other distribution in respect of capital stock, or redeem or otherwise acquire any shares of capital stock, except that (i) Coastal may issue shares of Coastal Common Stock upon the valid exercise, in accordance with the information set forth in the Disclosure Schedule of Coastal, of presently outstanding Coastal Options issued under the Coastal Option Plan and upon the valid exercise of any Coastal Warrant presently outstanding, and (ii) any Coastal Subsidiary may pay dividends to its parent company (as permitted under applicable law or regulations) consistent with past practice.

(b) Other Securities. Issue any other capital securities, including trust preferred or other similar securities, Voting Debt, or other securities, debentures or subordinated notes.

(c) Compensation; Employment, Etc. (i) Enter into, modify, amend, renew or terminate any employment, consulting, severance, change in control, or similar agreement or arrangement with any director, officer or employee of Coastal or any of its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments) other than (A) at will agreements, (B) normal individual increases in salary to rank

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and file employees, in each case in the ordinary course of business consistent with past practice, and (C) severance in accordance with past practice; or (ii) hire any new officers; or (iii) promote any employee to a rank of vice president or a more senior position.

(d) Benefit Plans. Enter into, establish, adopt, modify, amend, renew, or terminate any Coastal Benefit Plan, or take any action to accelerate the vesting of benefits payable thereunder, except as required by law or pursuant to the terms of the Coastal Benefit Plan in effect as of the date hereof.

(e) Dispositions. Sell, transfer, mortgage or encumber any of its assets or properties except in the ordinary course of business consistent with past practice, and in the case of a sale or transfer, at fair value, or sell or transfer any portion of its deposit liabilities.

(f) Leases or Licenses. Enter into, modify, amend or renew any data processing contract, service provider agreement, or any lease, license or maintenance agreement relating to real or personal property or Intellectual Property, other than the annual renewal of an agreement that is necessary to operate its business in the ordinary course consistent with past practice, or permit to lapse its rights in any material Intellectual Property.

(g) Acquisitions. Acquire (other than by way of foreclosures or acquisitions of control in a bona fide fiduciary capacity or in satisfaction of debts contracted prior to the date hereof in good faith, in each case in the ordinary course of business consistent with past practice) all or any portion of, the assets, business or properties of any Person.

(h) Loans, Loan Participations and Servicing Rights. Except as provided in Section 5.2(h) of the Disclosure Schedule of Coastal, sell or acquire any loans (excluding originations) or loan participations, except in the ordinary course of business consistent with past practice (but in the case of a sale, after giving Ameris or Ameris Bank a first right of refusal to acquire such loan or participation), or sell or acquire any servicing rights.

(i) Governing Documents; Governance. Amend its articles of incorporation, charter or bylaws, except as required by law, or appoint a new director to its Board of Directors.

(j) Accounting Methods. Implement or adopt any material change in its accounting principles, practices or methods, other than as may be required by GAAP or any Governmental Entity.

(k) Contracts. Except to the extent permitted by Section 5.2(f), enter into or terminate any Coastal Material Contract or amend or modify in any material respect or renew any existing Coastal Material Contract.

(l) Claims. Except in the ordinary course of business consistent with past practice and involving an amount not in excess of $25,000 (exclusive of any amounts paid directly or reimbursed to Coastal or any of its Subsidiaries under any insurance policy maintained by Coastal or any of its Subsidiaries), settle any claim, action or proceeding against it. Notwithstanding the foregoing, no settlement shall be made if it involves a precedent for other similar claims, which in the aggregate, could reasonably be expected to be material to Coastal and its Subsidiaries, taken as a whole.

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(m) Deposit Taking and Other Bank Activities. In the case of Coastal Bank (i) voluntarily make any material changes in or to its deposit mix; (ii) increase or decrease the rate of interest paid on time deposits or on certificates of deposit, except in a manner and pursuant to policies consistent with past practice and competitive factors in the marketplace; (iii) incur any liability or obligation relating to retail banking and branch merchandising, marketing and advertising activities and initiatives except in the ordinary course of business consistent with past practice; (iv) open any new branch or deposit taking facility; or (v) close or relocate any existing branch or other facility.

(n) Investments. (i) Purchase any equity securities or purchase any debt securities, other than securities (A) rated “AA” or higher by either Standard and Poor’s Ratings Services or Moody’s Investor Service, (B) with a weighted average life of not more than five (5) years and (C) otherwise in the ordinary course of business consistent with its current investment policy; (ii) enter into or acquire any derivatives contract or structured note; or (iii) enter into any new, or modify, amend or extend the terms of any existing, contracts relating to the purchase or sale of financial or other futures, or any put or call option relating to cash, securities or commodities or any interest rate swap agreements or other agreements relating to the hedging of interest rate risk

(o) Capital Expenditures. Purchase any fixed assets (by installment purchase, capital lease, synthetic lease or otherwise) where the amount paid or committed thereof is in excess of $25,000 individually or $50,000 in the aggregate, except for emergency repairs or replacements.

(p) Lending. Make any material changes in its policies concerning loan underwriting or which classes of Persons may approve loans, or fail to comply with such policies as Previously Disclosed.

(q) Adverse Actions. Taking action that is intended to result in the Merger or the Bank Merger failing to qualify as a “reorganization” under Section 368(a) of the Code.

(r) Risk Management. Except as required by applicable law or regulation, (i) implement or adopt any material change in its interest rate and other risk management policies, procedures or practices; (ii) fail to follow its existing policies or practices with respect to managing its exposure to interest rate and other risk; or (iii) fail to use commercially reasonable means to avoid any material increase in its aggregate exposure to interest rate risk.

(s) Indebtedness and Guaranties. Incur any indebtedness for borrowed money other than in the ordinary course of business consistent with past practice with a term not in excess of one year, or incur, assume or become subject to, whether directly or by way of any guarantee or otherwise, any obligations or liabilities (absolute, accrued, contingent or otherwise) of any other Person, other than the issuance of letters of credit in the ordinary course of business and in accordance with the restrictions set forth in Section 5.2(p).

(t) New Lines of Business. Develop, market or implement any new line of business.

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(u) Tax Matters. Make, change or revoke any material tax election (other than in a manner consistent with prior elections), file any materially amended Tax Return, enter into any Tax closing agreement, or settle or agree to compromise any material liability with respect to disputed Taxes.

(v) Performance of Obligations. Take any action that is likely to materially impair Coastal’s ability to perform any of its obligations under this Agreement or Coastal Bank’s ability to perform any of its obligations under the Bank Merger Agreement.

(w) Commitments. Agree or commit to do any of the foregoing.

5.3 Conduct of Ameris Business Prior to the Effective Time. Except as expressly contemplated or permitted by this Agreement or as required by applicable law or a Governmental Entity, or with the prior written consent of Coastal, during the period from the date of this Agreement to the Effective Time, Ameris shall, and shall cause each of its Subsidiaries to, (a) use commercially reasonable best efforts to maintain and preserve intact its business organization and advantageous business relationships, and (b) take no action that is intended to or would reasonably be expected to adversely affect or materially delay the ability of Coastal or Ameris or any of their respective Subsidiaries to obtain any necessary Regulatory Approvals or to consummate the transactions contemplated hereby.

5.4 Ameris Forbearances. Except as expressly permitted or contemplated by this Agreement, or as required by applicable law or a Governmental Entity, or with the prior written consent of Coastal during the period from the date of this Agreement to the Effective Time, Ameris shall not, and shall not permit any of its Subsidiaries to:

(a) Governing Documents. Amend the Ameris Certificate or Ameris Bylaws or similar governing documents of any of its Significant Subsidiaries in a manner that would adversely affect Coastal or any of its Subsidiaries.

(b) Adverse Actions. Take any action that is intended to result in the Merger or the Bank Merger failing to qualify as a “reorganization” under Section 368(a) of the Code.

(c) Performance Obligations. Take any action that is likely to materially impair Ameris’s ability to perform any of its obligations under this Agreement or Ameris Bank to perform any of its obligations under the Bank Merger Agreement.

(d) Commitments. Agree or commit to do any of the foregoing.

ARTICLE VI

ADDITIONAL AGREEMENTS

6.1 Regulatory Matters.

(a) As promptly as practicable following the date of this Agreement, Ameris, with the assistance and cooperation of Coastal, shall promptly prepare and file with the SEC the Form S-4, in which the Proxy Statement will be included. Each of Ameris and Coastal shall use its commercially reasonable best efforts to respond as promptly as practicable to any written or

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oral comments from the SEC or its staff with respect to the Form S-4 or any related matters. Each of Coastal and Ameris shall use its commercially reasonable best efforts to have the Form S-4 declared effective under the Securities Act as promptly as practicable after such filing and to maintain such effectiveness for as long as necessary to consummate the Merger and the other transactions contemplated by this Agreement. Upon the Form S-4 being declared effective, Coastal shall thereafter mail or deliver the Proxy Statement to its shareholders. Ameris shall also use its commercially reasonable best efforts to obtain all necessary state securities law or “Blue Sky” permits and approvals required to carry out the transactions contemplated by this Agreement, and Coastal shall furnish all information concerning Coastal and the holders of Coastal Common Stock as may be reasonably requested in connection with any such action. If at any time prior to the Effective Time any event occurs or information relating to Coastal or Ameris, or any of their respective affiliates, directors or officers, should be discovered by Coastal or Ameris that should be set forth in an amendment or supplement to either the Form S-4 or the Proxy Statement, so that either such document would not include any misstatement of a material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, the Party that discovers such information shall promptly notify the other Party and an appropriate amendment or supplement describing such information shall be promptly filed with the SEC and, to the extent required by applicable law, disseminated to Coastal’s shareholders.

(b) In addition to their obligations pursuant to Section 6.1(a), Coastal and Ameris shall make all necessary filings with respect to the Merger and the other transactions contemplated by this Agreement under the Securities Act, the Exchange Act and applicable foreign or state securities or “Blue Sky” laws and regulations promulgated thereunder and provide each other with copies of any such filings. Ameris and Coastal shall advise the other Party, promptly after receipt of notice thereof, of (and provide copies of any notices or communications with respect to) the time of the effectiveness of the Form S-4, the filing of any supplement or amendment thereto, the issuance of any stop order relating thereto, the suspension of the qualification of Ameris Common Stock issuable in connection with the Merger for offering or sale in any jurisdiction, or of any request by the SEC or its staff for amendment to the Proxy Statement or the Form S-4, comments thereon from the SEC’s staff and each Party’s responses thereto or request of the SEC or its staff for additional information. No amendment or supplement to the Proxy Statement or the Form S-4 shall be filed without the approval of each of Coastal and Ameris, which approval shall not be unreasonably withheld, conditioned or delayed.

(c) Subject to the terms and conditions set forth in this Agreement, Ameris and Coastal shall, and shall cause their respective Subsidiaries to, use commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other Party in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated by this Agreement, including (i) the satisfaction of the conditions precedent to the obligations of Coastal (in the case of Ameris) or Ameris (in the case of Coastal) to the Merger, (ii) the obtaining of all necessary consents or waivers from third parties, (iii) the obtaining of all necessary actions or no-actions, waivers, consents, authorizations, permits, orders and approvals from, or any exemption by, any Governmental Entities and the taking of all commercially reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid an action or proceeding by any Governmental Entity, and (iv) the execution and delivery of any additional

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instruments necessary to consummate the Merger and to fully carry out the purposes of this Agreement. The Parties shall cooperate with each other and use their respective commercially reasonable best efforts to promptly prepare and file, and cause their respective Subsidiaries to prepare and file, all necessary documentation, to effect all applications, notices, petitions and filings, to obtain as promptly as practicable all permits, consents, approvals and authorizations of all third parties and Governmental Entities that are necessary or advisable to consummate the transactions contemplated by this Agreement (including the Merger and the Bank Merger), and to comply with the terms and conditions of all such permits, consents, approvals and authorizations of all such third parties or Governmental Entities. In furtherance (but not in limitation) of the foregoing, Ameris shall, and shall cause Ameris Bank to, use commercially reasonable efforts to file any required applications, notices or other filings with the FRB, the FDIC and applicable state banking agencies within thirty (30) days of the date hereof. Coastal and Ameris shall have the right to review in advance, and, to the extent practicable, each will consult the other on, in each case subject to applicable laws relating to the confidentiality of information, all the information relating to Coastal or Ameris, as the case may be, and any of their respective Subsidiaries, that appear in any filing made with, or written materials submitted to, any third party or any Governmental Entity in connection with the transactions contemplated by this Agreement. In exercising the foregoing right, each of the Parties shall act reasonably and as promptly as practicable. The Parties shall consult with each other with respect to the obtaining of all permits, consents, approvals and authorizations of all third parties and Governmental Entities necessary or advisable to consummate the transactions contemplated by this Agreement and each Party will keep the other apprised of the status of matters relating to completion of the transactions contemplated by this Agreement. The Parties shall promptly deliver to each other copies of all filings, orders and material correspondence to and from all Governmental Entities in connection with the transactions contemplated by this Agreement.

(d) Each of Ameris and Coastal shall, upon request, furnish to the other all information concerning itself, its Subsidiaries, directors, officers and shareholders and such other matters as may be reasonably necessary or advisable in connection with the Proxy Statement, the Form S-4 or any other statement, filing, notice or application made by or on behalf of Ameris, Coastal or any of their respective Subsidiaries to any Governmental Entity in connection with the Merger, the Bank Merger or any other transactions contemplated by this Agreement.

(e) Each of Ameris and Coastal shall promptly advise the other upon receiving any communication from any Governmental Entity the consent or approval of which is required for consummation of the transactions contemplated by this Agreement that causes such Party to believe that there is a reasonable likelihood that any Requisite Regulatory Approval will not be obtained or that the receipt of any such approval may be materially delayed.

(f) Notwithstanding the obligations of Ameris in this Section 6.1 or anything in this Agreement to the contrary, in no event shall Ameris be required hereby to raise common equity capital at the holding company level to resolve objections, if any, which may be asserted with respect to the Merger or the Bank Merger by any Governmental Entity, in an amount which would reduce the economic benefits of the transactions contemplated by this Agreement to Ameris to such a degree that Ameris would not have entered into this Agreement had such condition to raise common equity capital been known to it at the date hereof.

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6.2 Access to Information; Current Information.

(a) Upon reasonable notice and subject to applicable laws relating to the confidentiality of information, Coastal shall, and shall cause each of its Subsidiaries to, afford to the officers, employees, accountants, counsel, advisors, agents and other representatives of Ameris, reasonable access, during normal business hours during the period prior to the Effective Time, to all its properties, books, contracts, commitments and records, and, during such period, Coastal shall, and shall cause its Subsidiaries to, make available to the Ameris all other information concerning its business, properties and personnel as Ameris may reasonably request. Upon the reasonable request of Coastal, Ameris shall furnish such reasonable information about Ameris and its business as is relevant to Coastal and its shareholders in connection with the transactions contemplated by this Agreement. Neither Coastal nor Ameris or any of their respective Subsidiaries shall be required to provide access to or to disclose information (i) where such access or disclosure would jeopardize the attorney-client privilege of such Party or its Subsidiaries or contravene any binding agreement entered into prior to the date of this Agreement or any law, rule, regulation, order, judgment, decree or fiduciary duty or (ii) relating to such Party’s or its directors’, officers’, employees’, accountants’, counsel’s, advisors’ (including investment bankers), agents’ or other representatives’ consideration of, or deliberations regarding, the transactions contemplated by this Agreement. The Parties shall make appropriate substitute disclosure arrangements under circumstances in which the restrictions of clause (i) of the immediately preceding sentence apply.

(b) Coastal shall permit, and shall cause its Subsidiaries to permit, Ameris or an environmental consulting firm selected by Ameris, at the sole expense of Ameris, to conduct such phase I or phase II environmental audits, studies and tests on real property currently or formerly owned, leased or operated by Coastal or any of its Subsidiaries. In the event any subsurface or phase II site assessments are conducted, Ameris shall indemnify Coastal and its Subsidiaries for all costs and expenses associated with returning the property to its previous condition.

(c) As soon as reasonably available, but in no event more than five (5) Business Days after filing, Coastal will deliver to Ameris all non-confidential reports filed by it or any of its Subsidiaries with any Governmental Entity subsequent to the date hereof, including all financial and call reports filed with the FRB and the FDIC. Coastal will also deliver to Ameris as soon as practicable all quarterly and annual financial statements of Coastal and its Subsidiaries prepared with respect to periods ending subsequent to December 31, 2013. As soon as practicable after the end of each month, Coastal will deliver to Ameris in electronic form (i) the monthly deposit and loan trial balances of Coastal Bank, (ii) the monthly analysis of Coastal Bank’s investment portfolio, (iii) the monthly balance sheet and income statement of Coastal and its Subsidiaries, and (iv) an update of all of the information set forth in Section 3.18(e)(vi) and (vii).

(d) All information and materials provided pursuant to this Agreement shall be subject to the provisions of the Confidentiality Agreement entered into between the Parties as of November 8, 2013 (the “Confidentiality Agreement”).

(e) No investigation by a Party or its representatives shall affect the representations and warranties of the other Party set forth in this Agreement.

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6.3 Shareholder Meeting. Coastal shall, and shall cause its Board of Directors to, (i) take all action in accordance with the federal securities laws, the GBCC and the Coastal Charter and the Coastal Bylaws necessary to (A) call and give notice of a special meeting of Coastal’s shareholders (the “Coastal Shareholder Meeting”) for the purpose of seeking the Coastal Shareholder Approval within five (5) Business Days following the date the Form S-4 is declared effective under the Securities Act (the “Coastal Shareholder Meeting Notice Date”) and (B) schedule the Coastal Shareholder Meeting to take place on a date that is within thirty (30) days after the Coastal Shareholder Meeting Notice Date; (ii) use its commercially reasonable best efforts to (x) cause the Coastal Shareholder Meeting to be convened and held on the scheduled date and (y) obtain the Coastal Shareholder Approval; and (iii) subject to Section 6.7, include in the Proxy Statement the recommendation that the shareholders of Coastal approve this Agreement (the “Coastal Board Recommendation”). Notwithstanding anything to the contrary contained in this Agreement, Coastal shall not be required to hold the Coastal Shareholder Meeting if this Agreement is terminated pursuant to Section 8.1 prior to the scheduled time of the Coastal Shareholder Meeting.

6.4 Nasdaq Listing. Ameris shall use its commercially reasonable best efforts to cause the shares of Ameris Common Stock to be issued to the holders of Coastal Common Stock in the Merger to be authorized for listing on the Nasdaq, subject to official notice of issuance, prior to the Effective Time.

6.5 Employee Matters.

(a) Following the Effective Time, Ameris shall maintain or cause to be maintained employee benefit plans and compensation opportunities for the benefit of employees (as a group) who are full-time active employees of Coastal and its Subsidiaries on the Closing Date (“Covered Employees”) that provide employee benefits and compensation opportunities which, in the aggregate, are substantially comparable to the employee benefits and compensation opportunities, including severance, that are made available on a uniform and non-discriminatory basis to similarly situated employees of Ameris or its Subsidiaries, as applicable; provided, however, that in no event shall any Covered Employee be eligible to participate in any closed or frozen plan of Ameris or its Subsidiaries. Ameris shall give the Covered Employees full credit for their prior service with Coastal and its Subsidiaries (i) for purposes of eligibility (including initial participation and eligibility for current benefits) and vesting under any qualified or non-qualified employee benefit plan maintained by Ameris and in which Covered Employees may be eligible to participate and (ii) for all purposes under any welfare benefit plans, vacation plans and similar arrangements maintained by Ameris.

(b) With respect to any employee benefit plan of Ameris that is a health, dental, vision or other welfare plan in which any Covered Employee is eligible to participate, for the plan year in which such Covered Employee is first eligible to participate, Ameris or its applicable Subsidiary shall use its commercially reasonable best efforts to (i) cause any pre-existing condition limitations or eligibility waiting periods under such Ameris or Subsidiary plan to be waived with respect to such Covered Employee to the extent such condition was or would have been covered under the Coastal Benefit Plan in which such Covered Employee participated immediately prior to the Effective Time, and (ii) recognize any health, dental, vision or other welfare expenses incurred by such Covered Employee in the year that includes the Closing Date (or, if later, the year in which such Covered Employee is first eligible to participate) for purposes of any applicable deductible and annual out-of-pocket expense requirements under any such health, dental, vision or other welfare plan.

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(c) Prior to the Effective Time, Coastal shall take, and shall cause its Subsidiaries to take, all commercially reasonable actions requested by Ameris that may be necessary or appropriate to (i) cause one or more Coastal Benefits Plans to terminate as of the Effective Time, or as of the date immediately preceding the Effective Time, (ii) cause benefit accruals and entitlements under any Coastal Benefit Plan to cease as of the Effective Time, or as of the date immediately preceding the Effective Time, (iii) cause the continuation on and after the Effective Time of any contract, arrangement or insurance policy relating to any Coastal Benefit Plan for such period as may be requested by Ameris, or (iv) facilitate the merger of any Coastal Benefit Plan into any employee benefit plan maintained by Ameris or an Ameris Subsidiary. All resolutions, notices, or other documents issued, adopted or executed in connection with the implementation of this Section 6.5(c) shall be subject to Ameris’s reasonable prior review and approval, which shall not be unreasonably withheld, conditioned or delayed.

(d) Nothing in this Section 6.5 shall be construed to limit the right of Ameris or any of its Subsidiaries (including, following the Closing Date, Coastal and its Subsidiaries) to amend or terminate any Coastal Benefit Plan or other employee benefit plan, to the extent such amendment or termination is permitted by the terms of the applicable plan, nor shall anything in this Section 6.5 be construed to require Ameris or any of its Subsidiaries (including, following the Closing Date, Coastal and its Subsidiaries) to retain the employment of any particular Covered Employee for any fixed period of time following the Closing Date, and the continued retention by Ameris or any of its Subsidiaries of any Covered Employee subsequent to the Effective Time shall be subject in all events to Ameris’s or its applicable Subsidiary’s normal and customary employment procedures and practices, including customary background screening and evaluation procedures, and satisfactory employment performance.

(e) For purposes of this Agreement, “Coastal Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA, and all other material benefit plans, arrangements or agreements, including any other employment, consulting, bonus, incentive or deferred compensation, vacation, stock option or other equity-based, severance, termination, retention, change of control, profit-sharing, fringe benefit or other similar plan, program, agreement or commitment, whether written or unwritten, whether or not subject to ERISA, or whether formal or informal, for the benefit of any employee, former employee, director or former director of Coastal or any of its Subsidiaries or any of their spouses, dependents or beneficiaries entered into, maintained or contributed to by Coastal or any of its Subsidiaries or to which Coastal or any of its Subsidiaries is obligated to contribute, or with respect to which Coastal or any of its Subsidiaries has any material liability, direct or indirect, contingent or otherwise (including any liability arising out of an indemnification, guarantee, hold harmless or similar agreement) or otherwise providing benefits to any current, former or future employee, officer or director of Coastal or any of its Subsidiaries or to any spouse, beneficiary or dependent thereof.

(f) If, within twelve (12) months after the Effective Time, any Covered Employee is terminated by Ameris or its Subsidiaries other than “for cause” or as a result of unsatisfactory job performance, then Ameris shall pay severance to such Covered Employee in an amount no less than the severance to which such employee would have been entitled in

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connection with such termination had it occurred under Ameris’s severance policy in effect as of the date of this Agreement and Previously Disclosed. Any severance to which a Covered Employee may be entitled in connection with a termination occurring more than twelve (12) months after the Effective Time will be as set forth in the severance policies of Ameris and its Subsidiaries as then in effect.

6.6 Indemnification; Directors’ and Officers’ Insurance.

(a) For a period of six (6) years from and after the Effective Time, Ameris shall indemnify, defend and hold harmless the present and former directors, officers and employees of Coastal and its Subsidiaries (the “Indemnified Parties”) against all costs or expenses (including reasonable attorneys’ fees), judgments, fines, losses, claims, damages, settlements or liabilities incurred in connection with any claim, action, suit, proceeding or investigation, whether civil, criminal, administrative or investigative (each, a “Claim”), arising out of actions or omissions of such Persons in the course of performing their duties for Coastal occurring at or before the Effective Time (including the transactions contemplated hereby), to the same extent as such persons are indemnified or have the right to advancement of expenses pursuant to the Coastal Charter, the Coastal Bylaws or the articles or certificate of incorporation or formation and bylaws (or comparable organizational documents) of Coastal’s Subsidiaries, each as in effect on the date of this Agreement.

(b) Any Indemnified Party wishing to claim indemnification under this Section 6.6 shall promptly notify Ameris upon learning of any Claim, provided that failure to so notify shall not affect the obligation of Ameris under this Section 6.6 unless, and only to the extent that, Ameris is actually and materially prejudiced in the defense of such Claim as a consequence. In the event of any such Claim (whether arising before or after the Effective Time), (i) Ameris shall have the right to assume the defense thereof and Ameris shall not be liable to such Indemnified Parties for any legal expenses of other counsel or any other expenses subsequently incurred by such Indemnified Parties in connection with the defense thereof, (ii) the Indemnified Parties will cooperate in the defense of any such matter, (iii) Ameris shall not be liable for any settlement effected without its prior written consent and (iv) Ameris shall have no obligation hereunder in the event that a federal or state banking agency or a court of competent jurisdiction shall determine that indemnification of an Indemnified Party in the manner contemplated hereby is prohibited by applicable laws and regulations.

(c) For a period of six (6) years following the Effective Time, Ameris will use its commercially reasonable efforts to provide director’s and officer’s liability insurance (“D&O Insurance”) that serves to reimburse the present and former officers and directors of Coastal or its Subsidiaries (determined as of the Effective Time) with respect to claims against such directors and officers arising from facts or events occurring before the Effective Time (including the transactions contemplated hereby), which insurance will contain at least the same coverage and amounts, and contain terms and conditions no less advantageous to the Indemnified Party as that coverage currently provided by Coastal; provided, however, that (i) if Ameris is unable to maintain or obtain the insurance called for by this Section 6.6(c), then Ameris will provide as much comparable insurance as is reasonably available, (ii) officers and directors of Coastal or its Subsidiaries may be required to make application and provide customary representations and warranties to the carrier of the D&O Insurance for the purpose of obtaining such insurance, and (iii) in satisfaction of its obligations under this Section 6.6(c), Ameris may require Coastal to

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purchase, prior to but effective as of the Effective Time, tail insurance providing such coverage prior to Closing. Whether or not Ameris or Coastal shall procure such coverage, in no event shall Ameris be required to expend, or Coastal expend, for such tail insurance more than one hundred fifty percent (150%) of the annual cost currently expended by Coastal with respect to such insurance (the “Maximum D&O Tail Premium”). If the cost of such tail insurance exceeds the Maximum D&O Tail Premium, then Coastal or Ameris, as applicable, shall obtain tail insurance coverage or a separate tail insurance policy with the greatest coverage available for a cost not exceeding the Maximum D&O Tail Premium.

(d) If Ameris or any of its successors and assigns (i) shall consolidate with or merge into any other corporation or entity and shall not be the continuing or surviving corporation or entity of such consolidation or merger or (ii) shall transfer all or substantially all of its property and assets to any individual, corporation or other entity, then, in each such case, proper provision shall be made so that the successors and assigns of Ameris and its Subsidiaries shall assume the obligations set forth in this Section 6.6.

6.7 No Solicitation.

(a) Coastal agrees that, except as expressly permitted by Section 6.7(b), from the date of this Agreement until the Effective Time or, if earlier, the termination of this Agreement in accordance with Section 8.1, it will not, and will cause its Subsidiaries and its and its Subsidiaries’ officers, directors, and employees (the “Coastal Individuals”) not to, and will use its commercially reasonable best efforts to cause Coastal and its Subsidiaries’ agents, advisors, accountants, legal counsel, and financial advisors (the “Coastal Representatives”) not to, initiate, solicit, encourage or knowingly facilitate inquiries or proposals with respect to, or engage in any discussions or negotiations concerning, or provide any confidential or nonpublic information or data concerning its and its Subsidiaries’ business, properties or assets (“Coastal Confidential Information”) to, or have any discussions with, any Person relating to, any Acquisition Proposal. Coastal will immediately cease and cause to be terminated any activities, discussions or negotiations conducted before the date of this Agreement with any Persons other than Ameris with respect to any Acquisition Proposal and will use its commercially reasonable best efforts, subject to applicable law, to enforce any confidentiality or similar agreement relating to such an Acquisition Proposal. It is understood that any breach of the provisions of this Section 6.7 by any Coastal Representative shall constitute a breach by Coastal.

(b) Notwithstanding anything to the contrary in Section 6.7(a), at any time from the date of this Agreement and prior to obtaining the Coastal Shareholder Approval, in the event Coastal receives an unsolicited Acquisition Proposal and the Board of Directors of Coastal determines in good faith that there is a reasonable likelihood that such Acquisition Proposal constitutes, or is reasonably likely to result in, a Superior Proposal, Coastal may, and may permit its Subsidiaries and the Coastal Individuals and the Coastal Representatives to, (i) negotiate the terms of, and enter into, a confidentiality agreement with terms and conditions no less favorable to Coastal than the Confidentiality Agreement, (ii) furnish or cause to be furnished Coastal Confidential Information to the Person or Persons making such Acquisition Proposal pursuant to such confidentiality agreement, and (iii) negotiate and participate in such negotiations or discussions with the Person or Persons making such Acquisition Proposal concerning such Acquisition Proposal, if the Board of Directors of Coastal determines in good faith (following consultation with counsel) that failure to take such actions would or would be reasonably likely to result in a violation of its fiduciary duties under applicable law.

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(c) The Board of Directors of Coastal shall not (nor shall any committee thereof) withdraw or modify, in a manner adverse to Ameris, the Coastal Board Recommendation or make or cause to be made any third party or public communication proposing or announcing an intention to withdraw or modify in any manner adverse to Ameris the Coastal Board Recommendation (any such action, a “Change in Recommendation”). Notwithstanding the foregoing, the Board of Directors of Coastal (including any committee thereof) may, at any time prior to obtaining the Coastal Shareholder Approval, effect a Change in Recommendation in response to a bona fide written unsolicited Acquisition Proposal made after the date of this Agreement that the Board of Directors of Coastal determines in good faith (after consultation with counsel and taking into account all adjustments to the terms of this Agreement that may be offered by Ameris under this Section 6.7(c)) constitutes a Superior Proposal if, in the case of any such Change in Recommendation, the Board of Directors of Coastal shall have determined in good faith (after consultation with counsel and taking into account all adjustments to the terms of this Agreement that may be offered by Ameris under this Section 6.7(c)) that, in light of such Superior Proposal, the failure to take such action constitutes or is reasonably likely to constitute a violation of its fiduciary duties under applicable law; provided, however, that the Board of Directors of Coastal may not make a Change in Recommendation, or terminate this Agreement pursuant to Section 8.1(f), with respect to an Acquisition Proposal unless (i) Coastal shall not have breached this Section 6.7 in any respect and (ii) (A) the Board of Directors of Coastal determines in good faith (after consultation with counsel) that such Superior Proposal has been made and has not been withdrawn and continues to be a Superior Proposal after taking into account all adjustments to the terms of this Agreement that may be offered by Ameris under this Section 6.7(c); (B) Coastal has given Ameris at least three (3) days’ prior written notice of its intention to take such action set forth above (which notice shall specify the material terms and conditions of any such Superior Proposal (including the identity of the Person making such Superior Proposal) and has contemporaneously provided an unredacted copy of the relevant proposed transaction agreements with the Person making such Superior Proposal; and (C) before effecting such Change in Recommendation, Coastal has negotiated, and has caused its representatives to negotiate, in good faith with Ameris during such notice period to the extent Ameris wishes to negotiate, to enable Ameris to revise the terms of this Agreement such that it would cause such Superior Proposal to no longer constitute a Superior Proposal. In the event of any material change to the terms of such Superior Proposal, Coastal shall, in each case, be required to deliver to Ameris a new written notice, the notice period shall have recommenced and Coastal shall be required to comply with its obligations under this Section 6.7 with respect to such new written notice.

(d) Coastal will advise Ameris in writing within twenty-four (24) hours following receipt of any Acquisition Proposal and the substance thereof (including the identity of the Person making such Acquisition Proposal), and will keep Ameris apprised of any related developments, discussions and negotiations (including the terms and conditions of the Acquisition Proposal) on a current basis.

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(e) As used in this Agreement, the following terms have the meanings set forth below:

“Acquisition Proposal” means a tender or exchange offer, proposal for a merger, consolidation or other business combination involving Coastal or any of its Significant Subsidiaries or any proposal or offer to acquire in any manner in a single transaction or series of transactions more than twenty percent (20%) of the voting power in, or more than twenty percent (20%) of the fair market value of the business, assets or deposits of, Coastal or any of its Significant Subsidiaries, other than the transactions contemplated by this Agreement.

“Superior Proposal” means a written Acquisition Proposal that the Board of Directors of Coastal concludes in good faith to be more favorable from a financial point of view to its shareholders than the Merger and the other transactions contemplated hereby, (i) after receiving the advice of its financial advisors (who shall be a nationally recognized investment banking firm, Ameris acknowledging that BSP is a nationally recognized investment banking firm), (ii) after taking into account the likelihood of consummation of such transaction on the terms set forth therein and (iii) after taking into account all legal (with the advice of outside counsel), financial (including the financing terms of any such proposal), regulatory and other aspects of such proposal and any other relevant factors permitted under applicable law; provided, however, that for purposes of the definition of “Superior Proposal,” the references to twenty percent (20%) in the definition of Acquisition Proposal shall be deemed to be references to fifty percent (50%).

6.8 Notification of Certain Matters. Each of the Parties shall give prompt written notice to the other of any fact, event or circumstance known to it that (a) is reasonably likely, individually or taken together with all other facts, events and circumstances known to it, to result in any Material Adverse Effect with respect to it or (b) would cause or constitute a material breach of any of its representations, warranties, covenants or agreements contained herein. Each of the Parties shall promptly inform the other in writing upon receiving notice of any Action by any Governmental Entity or third party against, or threatened against, it or any of its Subsidiaries or any of their respective assets, properties, or any of their respective directors, officers or employees in their individual capacities as such.

6.9 Correction of Information. Each of Coastal and Ameris shall promptly correct and supplement in writing any information furnished under this Agreement so that such information shall be correct and complete in all material respects at all times, without taking into account any Material Adverse Affect qualification contained in Article VII, and shall include all facts necessary to make such information correct and complete in all material respects at all times; provided, however, that in each case, such disclosure shall not be deemed to cure any breach of a representation, warranty, covenant or agreement or any failure of a condition under Article VII, or to otherwise limit or affect in any way the remedies available hereunder to any Party receiving such notice.

6.10 System Integration. From and after the date hereof, Coastal shall cause Coastal Bank and its directors, officers and employees to, and shall make all commercially reasonable best efforts (without undue disruption to either business) to cause Coastal Bank’s data processing consultants and software providers to, cooperate and assist Coastal Bank and Ameris Bank in connection with an electronic and systematic conversion of all applicable data of Coastal Bank to the Ameris system, including the training of Coastal Bank employees without undue disruption to Coastal Bank’s business, during normal business hours and at the expense of Ameris (not to include Coastal Bank’s standard employee payroll).

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6.11 Coordination; Integration. Subject to applicable law and regulation, during the period from the date hereof until the Effective Time, Coastal shall cause the Chief Executive Officer of Coastal Bank to assist and confer with the officers of Ameris Bank, on a weekly basis, relating to the development, coordination and implementation of the post-Merger operating and integration plans of Ameris Bank, as the resulting institution in the Bank Merger.

6.12 Tax Matters.

(a) This Agreement is intended to constitute a “plan of reorganization” within the meaning of Treasury Regulations Section 1.368-2(g).

(b) Each of Ameris and Coastal shall use its commercially reasonable best efforts to cause the Merger to qualify as a “reorganization” within the meaning of Section 368(a) of the Code and to obtain the opinions set forth in Section 7.3(c).

(c) The Chief Financial Officer of each of Ameris and Coastal shall execute and deliver to Rogers & Hardin LLP, tax counsel for Ameris, and Troutman Sanders LLP, tax counsel for Coastal, certificates substantially in the form agreed to by the Parties and such firms at such time or times as may reasonably be requested by such firms, including contemporaneously with the execution of this Agreement, at the time the Form S-4 is declared effective by the SEC and the Effective Time, in connection with such tax counsel’s respective delivery of its tax opinion pursuant to Section 7.1(f). Each of Ameris and Coastal shall use its commercially reasonable best efforts not to take or cause to be taken any action that would cause to be untrue (or fail to take or cause not to be taken any action which would cause to be untrue) any of the certifications and representations included in the certificates described in this Section 6.12(c).

6.13 Executive Employment Agreements. Upon the Effective Time, Ameris Bank shall enter into an employment agreement with Noel. A. Ellis in form and substance as provided in Exhibit C-1 and Ameris shall enter into an employment agreement with James A. LaHaise in form and substance as provided in Exhibit C-2.

6.14 Option and Warrant Holder Information. Prior to the Closing Date, Coastal shall provide Ameris with a written list containing the name, address and social security number of each holder of Coastal Options and Coastal Warrants.

6.15 Payment/Assumption of Coastal Indebtedness. At or prior to the Effective Time, Ameris shall cause to be paid for the benefit of Coastal all amounts required for the full satisfaction of the obligations of Coastal then outstanding under (i) those certain Convertible Promissory Notes issued by Coastal prior to the date hereof having an aggregate principal amount of $405,000 and a maturity date of January 30, 2015 and (ii) that certain Loan and Security Agreement dated November 30, 2005 between Coastal and TD Bank, N.A., as amended through the date of this Agreement (or as subsequently amended with the prior written consent of Ameris). In connection with the Closing, Ameris shall assume the obligations of Coastal arising in connection with Coastal’s issuance, through wholly owned statutory business trusts, in August 2003 and December 2005 of $5,000,000 and $10,000,000, respectively, of Floating Rate Junior Subordinated Deferrable Interest Debentures, and each Party shall assist and cooperate with the other Party as reasonably necessary to consummate and make effective such assumption.

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ARTICLE VII

CONDITIONS PRECEDENT

7.1 Conditions to Each Party’s Obligations. The respective obligations of the Parties to effect the Merger shall be subject to the satisfaction or, to the extent permitted by law, waiver by each of Coastal and Ameris, at or prior to the Closing Date, of the following conditions:

(a) Shareholder Approval. The Coastal Shareholder Approval shall have been obtained.

(b) Nasdaq Listing. The shares of Ameris Common Stock to be issued in exchange for Coastal Common Stock in the Merger shall have been authorized for listing on the Nasdaq, subject to official notice of issuance.

(c) Form S-4. The Form S-4 shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Form S-4 shall have been issued and no proceedings for that purpose shall have been initiated or threatened by the SEC.

(d) No Injunctions or Restraints; Illegality. No order, injunction or decree issued by any court or agency of competent jurisdiction or other law preventing or making illegal the consummation of the Merger, the Bank Merger, or any of the other transactions contemplated by this Agreement shall be in effect.

(e) Regulatory Approvals. All Regulatory Approvals required to consummate the transactions contemplated by this Agreement in the manner provided herein, including the Merger and the Bank Merger, shall have been obtained without the imposition of any condition, or carryover of any condition applicable to Coastal or Coastal Bank, that would increase any of the minimum regulatory capital requirements of Ameris, as the Surviving Corporation in the Merger, or Ameris Bank, as the resulting institution in the Bank Merger, and such Regulatory Approvals shall remain in full force and effect and all statutory waiting periods in respect thereof shall have expired (all such approvals and the expiration of all such waiting periods being referred to as the “Requisite Regulatory Approvals”).

(f) Tax Opinion. On the basis of facts, representations and assumptions which shall be consistent with the state of facts existing at the Closing Date, Ameris shall have received an opinion of Rogers & Hardin LLP, and Coastal shall have received an opinion of Troutman Sanders LLP, each reasonably acceptable in form and substance to Ameris and Coastal, dated as of the Closing Date, substantially to the effect that for federal income tax purposes, the Merger will qualify as a reorganization within the meaning of Section 368(a) of the Code. In rendering such tax opinion, such law firms will be entitled to receive and rely upon customary certificates and representations of the Chief Financial Officer of each of Ameris and Coastal as referenced in Section 6.12(c).

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7.2 Conditions to Obligations of Ameris. The obligation of Ameris to effect the Merger is also subject to the satisfaction, or, to the extent permitted by law, waiver by Ameris, at or prior to the Closing Date, of the following conditions:

(a) Representations and Warranties. The representations and warranties of Coastal set forth in this Agreement shall be (i) true and correct in all material respects as of the date of this Agreement, and (ii) true and correct in all material respects as of the Effective Time as though made on and as of the Effective Time (except that representations and warranties that by their terms speak specifically as of the date of this Agreement or another date shall be true and correct in all material respects as of such date); provided, however, that the representations and warranties in Sections 3.2 (Capitalization), 3.7 (Absence of Changes) and 3.14 (Coastal Information) shall be true and correct in all respects as of the date of this Agreement and as of the Effective Time as though made on and as of the Effective Time; and provided further, that for purposes of the foregoing, except with regard to the representations and warranties in Sections 3.2 (Capitalization), 3.7 (Absence of Changes) and 3.14 (Coastal Information), any qualification or exception for, or reference to, materiality (including the terms “material,” “materially,” “in all material respects” or similar terms or phrases) in any such representation or warranty shall be disregarded. Ameris shall have received a certificate signed on behalf of Coastal by the Chief Executive Officer or the Chief Financial Officer of Coastal to the foregoing effect.

(b) Performance of Obligations of Coastal. Coastal shall have performed in all material respects all obligations required to be performed by it under this Agreement at or prior to the Effective Time, and Ameris shall have received a certificate signed on behalf of Coastal by the Chief Executive Officer or the Chief Financial Officer of Coastal to such effect.

(c) Dissenting Shares. Dissenting Shares shall be less than ten percent (10%) of the issued and outstanding Coastal Common Stock.

(d) Restrictive Covenant Agreements. Each non-employee member of the Boards of Directors of Coastal and Coastal Bank shall have executed and delivered to Ameris a Non-Competition and Non-Disclosure Agreement substantially in the form attached hereto as Exhibit D.

7.3 Conditions to Obligations of Coastal. The obligation of Coastal to effect the Merger is also subject to the satisfaction or waiver by Coastal at or prior to the Effective Time of the following conditions:

(a) Representations and Warranties. The representations and warranties of Ameris set forth in this Agreement shall be (i) true and correct in all material respects as of the date of this Agreement, and (ii) true and correct in all material respects as of the Effective Time as though made on and as of the Effective Time (except that representations and warranties that by their terms speak specifically as of the date of this Agreement or another date shall be true and correct in all material respects as of such date); provided, however, that the representations and warranties in Section 4.9 (Ameris Information) shall be true and correct in all respects as of the date of this Agreement and as of the Effective Time as though made on and as of the Effective Time; and provided further, that for purposes of the foregoing, except with regard to the representations and warranties in Section 4.9 (Ameris Information), any qualification or exception for, or reference to, materiality (including the terms “material,” “materially,” “in all material respects” or similar terms or phrases) in any such representation or warranty shall be disregarded. Coastal shall have received a certificate signed on behalf of Ameris by the Chief Executive Officer or the Chief Financial Officer of Ameris to the foregoing effect.

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(b) Performance of Obligations of Ameris. Ameris shall have performed in all material respects all obligations required to be performed by it under this Agreement at or prior to the Effective Time, and Coastal shall have received a certificate signed on behalf of Ameris by the Chief Executive Officer or the Chief Financial Officer of Ameris to such effect.

(c) Payment of Merger Consideration. Ameris shall have delivered the Exchange Fund to the Exchange Agent on or before the Closing Date, and the Exchange Agent shall provide Coastal with reasonably satisfactory evidence of such delivery.

(d) Payment of Warrant Cash-Out Payments. Ameris shall have paid the Warrant Cash-Out Payment due with respect to each Coastal Warrant surrendered to Ameris on or before the Closing Date, such payment to be made by wire transfer of same-day funds to an account designated in writing to Ameris by the holder of such Coastal Warrant no later than two (2) Business Days prior to the Closing Date.

ARTICLE VIII

TERMINATION AND AMENDMENT

8.1 Termination. This Agreement may be terminated at any time prior to the Effective Time, whether before or after the Coastal Shareholder Approval:

(a) by mutual consent of Coastal and Ameris in a written instrument authorized by the Boards of Directors of Coastal and Ameris;

(b) by either Coastal or Ameris, if any Governmental Entity that must grant a Requisite Regulatory Approval has denied approval of the Merger or the Bank Merger and such denial has become final and nonappealable or any Governmental Entity of competent jurisdiction shall have issued a final and nonappealable order, injunction or decree permanently enjoining or otherwise prohibiting or making illegal the consummation of the Merger or the Bank Merger; provided, however, that a Party shall not be permitted to terminate this Agreement pursuant to this Section 8.1(b) if such denial is attributable to the failure of such Party to perform any covenant in this Agreement required to be performed prior to the Effective Time;

(c) by either Coastal or Ameris, if the Merger shall not have been consummated on or before October 31, 2014, unless the failure of the Closing to occur by such date shall be due to the failure of the Party seeking to terminate this Agreement to perform or observe the covenants and agreements of such Party set forth in this Agreement;

(d) by either Coastal or Ameris (provided that the terminating Party is not then in material breach of any representation, warranty, covenant or other agreement contained herein), if there shall have been a breach of any of the covenants or agreements or any of the representations or warranties set forth in this Agreement on the part of Coastal, in the case of a termination by Ameris, or Ameris, in the case of a termination by Coastal, which breach, either individually or in the aggregate, would result in, if occurring or continuing on the Closing Date, the failure of the conditions set forth in Section 7.2 or 7.3, as the case may be, and which is not cured within twenty (20) days following written notice to the Party committing such breach or by its nature or timing cannot be cured within such time period;

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(e) by Ameris if (i) the Board of Directors of Coastal (or any committee thereof) shall have failed to make the Coastal Board Recommendation or shall have made a Change in Recommendation, or (ii) Coastal shall have materially breached any of the provisions set forth in Section 6.7;

(f) by Coastal prior to obtaining the Coastal Shareholder Approval in order to enter into an agreement relating to a Superior Proposal in accordance with Section 6.7; provided, however, that Coastal has (i) not materially breached the provisions of Section 6.7, and (ii) complied with its payment obligation under Section 8.4(a);

(g) by either Coastal or Ameris, if the provisions of Section 8.1(e) are not applicable and the shareholders of Coastal fail to provide the Coastal Shareholder Approval at a duly held meeting of shareholders or at an adjournment or postponement thereof; and

(h) by Coastal in the event that both: (A) the Average Ameris Stock Price is less than $17.27 (with a proportionate adjustment in the event that outstanding shares of Ameris Common Stock shall be changed into a different number of shares by reason of any stock dividend, reclassification, recapitalization, split-up, combination, exchange of shares or similar transaction between the date of this Agreement and the Determination Date); and (B) the number obtained by dividing the Average Ameris Stock Price by $21.59 is less than the number obtained by (A) dividing the Final Index Price by the Initial Index Price and then (B) multiplying the quotient so obtained by 0.80. On the Determination Date, Ameris shall provide Coastal Ameris’s calculation of the Average Ameris Stock Price and the Final Index Price, and Coastal shall have two (2) Business Days following its receipt of such calculations within which to give written notice of termination pursuant to this Section 8.1(h).

The Party desiring to terminate this Agreement pursuant to clause (b), (c), (d), (e), (f), (g) or (h) of this Section 8.1 shall give written notice of such termination to the other Party in accordance with Section 9.3, specifying the provision or provisions hereof pursuant to which such termination is effected.

For purposes of this Agreement, the following terms have the meanings set forth below:

“Average Ameris Stock Price” means the average of the closing sale prices of one share of Ameris Common Stock on the Nasdaq, as reported by Bloomberg L.P., for the trading days included in the Determination Period, rounded to the nearest whole cent.

“Determination Date” means the fifth (5th) Business Day immediately preceding the Closing Date.

“Determination Period” means the period beginning on the day that is twenty (20) consecutive trading days prior to the Determination Date and ending on the Determination Date.

“Final Index Price” means the average closing price of the KBW Regional Banking Index (^KRX) as reported by Bloomberg L.P. for the trading days including in the Determination Period.

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“Initial Index Price” means $79.72, which is the closing price of the KBW Regional Banking Index (^KRX) as reported by Bloomberg L.P. on the trading day immediately prior to the date of this Agreement.

8.2 Effect of Termination. In the event of termination of this Agreement by either Coastal or Ameris as provided in Section 8.1, this Agreement shall forthwith become void and have no effect, and none of Coastal, Ameris, any of their respective Subsidiaries or any of the officers or directors of any of them shall have any liability of any nature whatsoever under this Agreement, or in connection with the transactions contemplated by this Agreement; provided, however, that (i) Sections 6.2(d), 8.2, 8.3, 8.4, 9.3, 9.4, 9.5, 9.6, 9.7, 9.8, 9.9 and 9.10 shall survive any termination of this Agreement, and (ii) termination will not relieve a breaching party from liability for any willful and material breach of any provision of this Agreement.

8.3 Fees and Expenses. Except with respect to costs and expenses of printing and mailing the Proxy Statement, which shall be borne by Coastal, and all filing and other fees in connection with any filing with the SEC relating to the Merger, which shall be borne by Ameris, all fees and expenses incurred in connection with the Merger, the Bank Merger, this Agreement, and the other transactions contemplated by this Agreement shall be paid by the Party incurring such fees or expenses, whether or not the Merger is consummated, provided that nothing contained herein shall limit either Party’s rights to recover any liabilities or damages arising out of the other Party’s willful and material breach of any provision of this Agreement.

8.4 Termination Fee.

(a) In recognition of the efforts, expenses and other opportunities foregone by Ameris while structuring and pursuing the Merger, if this Agreement is terminated pursuant to Section 8.1(e) or Section 8.1(f), then Coastal shall pay Ameris by wire transfer of same-day funds an amount equal to $1,900,000 (the “Coastal Termination Fee”), payable, in the case of a termination under Section 8.1(e), within three (3) Business Days following such termination, and in the case of a termination under Section 8.1(f), simultaneously with such termination and as a condition thereof.

(b) If this Agreement is terminated by either Party under Section 8.1(g), and prior thereto there has been publicly announced an Acquisition Proposal, then if within nine (9) months of such termination Coastal or any of its Significant Subsidiaries either (i) enters into a definitive agreement with respect to such Acquisition Proposal or (ii) consummates such Acquisition Proposal, Coastal shall, within three (3) Business Days after the first to occur of the foregoing events, pay Ameris the Coastal Termination Fee by wire transfer of same-day funds. For purposes of the immediately preceding clauses (i) and (ii), the references to twenty percent (20%) in the definition of Acquisition Proposal shall be deemed to be references to fifty percent (50%).

(c) Notwithstanding anything to the contrary in this Agreement, the payment of the Coastal Termination Fee pursuant to this Section 8.4 shall fully discharge Coastal from, and be the sole and exclusive remedy of Ameris with respect to, any and all losses that may be suffered by Ameris based upon, resulting from or arising out of the circumstances giving rise to such termination of this Agreement. In no event shall Coastal be required to pay the Coastal Termination Fee on more than one occasion.

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(d) The Parties agree that the agreements contained in this Section 8.4 are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, the Parties would not enter into this Agreement.

8.5 Amendment. This Agreement may be amended by the Parties, by action taken or authorized by their respective Boards of Directors, at any time before or after approval of the matters presented in connection with Merger by the shareholders of Coastal; provided, however, that after any approval of the transactions contemplated by this Agreement by the shareholders of Coastal, there may not be, without further approval of such shareholders, any amendment of this Agreement that requires further approval under applicable law. This Agreement may not be amended except by an instrument in writing signed on behalf of each of the Parties.

8.6 Extension; Waiver. At any time prior to the Effective Time, the Parties, by action taken or authorized by their respective Board of Directors, may, to the extent legally allowed, (a) extend the time for the performance of any of the obligations or other acts of the other Party, (b) waive any inaccuracies in the representations and warranties contained in this Agreement or (c) waive compliance with any of the agreements or conditions contained in this Agreement. Any agreement on the part of a Party to any such extension or waiver shall be valid only if set forth in a written instrument signed on behalf of such Party, but such extension or waiver or failure to insist on strict compliance with an obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure.

ARTICLE IX

MISCELLANEOUS PROVISIONS

9.1 Closing. On the terms and subject to the conditions set forth in this Agreement, the closing of the Merger (the “Closing”) shall take place at 10:00 a.m., Atlanta, Georgia time, at the offices of Rogers & Hardin LLP, on a date no later than three (3) Business Days after the satisfaction or waiver (subject to applicable law) of the latest to occur of the conditions set forth in Article VII (other than those conditions that by their nature are to be satisfied or waived at the Closing), unless extended by mutual agreement of the Parties (the “Closing Date”). For purposes of this Agreement, a “Business Day” is any Monday, Tuesday, Wednesday, Thursday or Friday, excluding federal holidays, on which Ameris Bank is open for carrying on substantially all of its business functions.

9.2 Nonsurvival of Representations, Warranties and Agreements. None of the representations, warranties, covenants and agreements set forth in this Agreement other than this Section 9.2 shall survive the Effective Time, except for those covenants and agreements contained in this Agreement that by their terms apply or are to be performed in whole or in part after the Effective Time.

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9.3 Notices. All notices and other communications in connection with this Agreement shall be in writing and shall be deemed given if delivered personally, sent via facsimile (with confirmation), mailed by registered or certified mail (return receipt requested) or delivered by an express courier (with confirmation) to the Parties at the following addresses (or at such other address for a Party as shall be specified by like notice):

(a) if to Ameris, to:

Ameris Bancorp

310 First Street, S.E.

Moultrie, Georgia 31768

Attn: Mr. Edwin W. Hortman, Jr.

Fax: (229) 890-2235

with a copy (which shall not constitute notice to Ameris) to:

Rogers & Hardin LLP

2700 International Tower

229 Peachtree Street, N.E.

Atlanta, Georgia 30303

Attn: Jody L. Spencer, Esq.

Fax: (404) 230-0972

(b) if to Coastal, to:

Coastal Bankshares, Inc.

18 West Bryan Street

Savannah, Georgia 31401

Attn: Mr. James A. LaHaise

Fax: (912) 234-3373

with a copy (which shall not constitute notice to Coastal) to:

Troutman Sanders LLP

600 Peachtree Street NE

Suite 5200

Atlanta, Georgia 30308-2216

Attn: Thomas O. Powell, Esq.

Fax: (404) 962-6658

9.4 Interpretation.

(a) For the purposes of this Agreement, use of the phrase “to the knowledge” of Coastal or Ameris, as applicable, or reference to the knowledge or awareness of Coastal or Ameris, as applicable, means the actual knowledge of an executive officer of such Party or any of its Significant Subsidiaries after reasonable inquiry of subordinate officers who would reasonably be expected to have knowledge of such facts, events or circumstances.

(b) The words “hereof”, “herein” and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement. When a reference is made in this Agreement to Articles, Sections, Exhibits or Schedules, such reference shall be to an Article or Section of or Exhibit or Schedule to this Agreement unless otherwise indicated. The table of contents and headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

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(c) Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.”

(d) The word “or” as used in this Agreement shall not be exclusive.

(e) The meaning assigned to each term defined herein shall be equally applicable to both the singular and the plural forms of such term, and words denoting any gender shall include all genders. Where a word or phrase is defined herein, each of its other grammatical forms shall have a corresponding meaning.

(f) A reference to any statute or to any provision of any statute shall include any amendment to, and any modification or re-enactment thereof, and all regulations and statutory instruments issued thereunder or pursuant thereto.

(g) The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any provisions of this Agreement.

(h) If any term, provision, covenant or restriction contained in this Agreement is held by a court or a federal or state regulatory agency of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions and covenants and restrictions contained in this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. If for any reason such court or regulatory agency determines that any provision, covenant or restriction is invalid, void or unenforceable, it is the express intention of the Parties that such provision, covenant or restriction be enforced to the maximum extent permitted.

9.5 Counterparts. This Agreement may be executed and delivered in two or more counterparts (including delivery by facsimile or other electronic means), all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each of the Parties and delivered to the other Party, it being understood that each Party need not sign the same counterpart.

9.6 Entire Agreement. This Agreement (including the documents and the instruments referred to in this Agreement), together with the Confidentiality Agreement, constitutes the entire agreement and supersedes all prior written, and prior or contemporaneous oral, agreements and understandings, between the Parties with respect to the subject matter of this Agreement, other than the Confidentiality Agreement.

9.7 Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Georgia, without regard to any applicable conflicts of law principles or any other principle that could require the application of the application of the law of any other jurisdiction.

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9.8 Publicity. Neither Coastal nor Ameris shall, and neither Coastal nor Ameris shall permit any of its Subsidiaries to, issue or cause the publication of any press release or other public announcement with respect to, or otherwise make any public statement concerning, the transactions contemplated by this Agreement without the prior consent (which shall not be unreasonably withheld, conditioned or delayed) of Ameris, in the case of a proposed announcement or statement by Coastal, or Coastal, in the case of a proposed announcement or statement by Ameris; provided, however, that either Party may, without the prior consent of the other Party (but after prior consultation with the other Party to the extent practicable under the circumstances) issue or cause the publication of any press release or other public announcement to the extent required by law or by the rules and regulations of the Nasdaq.

9.9 Assignment; Third Party Beneficiaries. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned by either of the Parties (whether by operation of law or otherwise) without the prior written consent of the other Party (which shall not be unreasonably withheld, conditioned or delayed). Any purported assignment in contravention hereof shall be null and void. Subject to the immediately preceding sentence, this Agreement shall be binding upon, inure to the benefit of and be enforceable by each of the Parties and their respective successors and assigns. Except for Section 6.6, which is intended to benefit each Indemnified Party and his or her heirs and representatives, or as otherwise specifically provided herein, this Agreement (including the documents and instruments referred to in this Agreement) is not intended to and does not confer upon any Person other than the Parties hereto any rights or remedies under this Agreement.

9.10 Specific Performance; Time of the Essence. The Parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms. It is accordingly agreed that the Parties shall be entitled specific performance of the terms hereof, without the necessity of demonstrating irreparable harm or posting of any bond or security, in addition to any other remedies to which they are entitled at law or equity. Time is of the essence for performance of the agreements, covenants and obligations of the Parties herein.

9.11 Disclosure Schedule. Before entry into this Agreement, each Party delivered to the other a schedule (each a “Disclosure Schedule”) that sets forth, among other things, items the disclosure of which is necessary or appropriate either in response to an express disclosure requirement contained in a provision hereof or as an exception to one or more representations or warranties of the disclosing Party contained in Article III or Article IV, as applicable; provided, however, that notwithstanding anything in this Agreement to the contrary, (a) no such item is required to be set forth as an exception to a representation or warranty if its absence would not result in the related representation or warranty being deemed untrue or incorrect and (b) the mere inclusion of an item as an exception to a representation or warranty shall not be deemed an admission that such item represents a material exception or material fact, event or circumstance. For purposes of this Agreement, “Previously Disclosed” means information set forth by a Party in the applicable paragraph of its Disclosure Schedule or any other paragraph of its Disclosure Schedule (so long as it is reasonably clear from the context that the disclosure in such other paragraph of its Disclosure Schedule is also applicable to the section of this Agreement in question).

[Remainder of page intentionally left blank; signature page follows.]

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IN WITNESS WHEREOF, Ameris and Coastal have caused this Agreement to be executed by their respective officers thereunto duly authorized as of the date first above written.

AMERIS BANCORP
By:	/s/ Edwin W. Hortman, Jr.
	Edwin W. Hortman, Jr.
	President and Chief Executive Officer
COASTAL BANKSHARES, INC.
By:	/s/ James A. LaHaise
	James A. LaHaise
	President and Chief Executive Officer

[Signature Page to Agreement and Plan of Merger]

EX-99.1

Exhibit 99.1

Company Release

Ameris Bancorp Announces Acquisition of Coastal Bankshares, Inc.

March 11, 2014

MOULTRIE, GA and SAVANNAH, GA – Ameris Bancorp (“Ameris”), the parent company of Ameris Bank, announced today the signing of a definitive merger agreement under which Ameris will acquire Coastal Bankshares, Inc. (“Coastal”), the parent company of The Coastal Bank, Savannah, Georgia. As of December 31, 2013, Coastal reported assets of $433 million, loans of $295 million, and deposits of $364 million. Upon completion of the transaction, the combined company will have approximately $4.1 billion in assets, $2.8 billion in loans, $3.4 billion in deposits and a branch network of 74 banking locations across four states.

The acquisition significantly enhances Ameris’s current franchise in the greater Savannah marketplace. Coastal currently operates six branches, five of which are concentrated in the Savannah, Georgia Metropolitan Statistical Area (“MSA”) and one of which is located in the Hinesville, Georgia MSA. Coastal also operates mortgage loan production offices in Richmond Hill and Statesboro, Georgia. After the acquisition, Ameris will advance from twelfth to fifth in deposit market share in the Savannah market.

“We are excited to announce our merger with Coastal and are looking forward to welcoming the Coastal team to Ameris,” said Edwin W. Hortman, Jr., President and Chief Executive Officer of Ameris. “We believe our combined efforts in the Savannah market will result in even greater service for our customers.”

“Coastal Bank is pleased to form a partnership with Ameris. We believe this combination serves the best interest of our shareholders, customers, employees and community,” commented James A. LaHaise, President and Chief Executive Officer of Coastal. “We view Ameris as one of the leading community banks in both Georgia and the Southeast. The compatible nature of our cultures will provide great benefits to the Savannah banking market.”

Under the terms of the merger agreement, Coastal shareholders will receive 0.4671 shares of Ameris common stock for each share of Coastal common stock. The transaction is valued at approximately $36.7 million in the aggregate, or $10.00 per Coastal share, based on Ameris’s average closing stock price of $21.41 for the three days ending March 7, 2014.

The merger agreement has been unanimously approved by the board of directors of each company. The transaction is expected to close early in the third quarter of 2014 and is subject to customary closing conditions, regulatory approvals and approval by Coastal shareholders.

Keefe, Bruyette & Woods, Inc. served as financial advisor and Rogers & Hardin LLP provided legal counsel to Ameris. Banks Street Partners, LLC served as financial advisor and Troutman Sanders LLP provided legal counsel to Coastal.

Conference Call Information

Ameris Bancorp will host a conference call and webcast today at 10:00 a.m. EDT. The conference call can be accessed by dialing 1-888-317-6016 or 1-412-317-6016 for international participants. A replay of the call will be available one hour after the end of the conference call until March 19th at 9:00 a.m. EDT. To listen to the replay, dial 1-877-344-7529 or 1-412-317-0088. The conference number is 10042630. The webcast will also be available on the Investor Relations page of www.amerisbank.com.

Ameris Bancorp

Ameris Bancorp is headquartered in Moultrie, Georgia, and at the end of the most recent quarter had 68 locations in Georgia, Alabama, northern Florida and South Carolina.

Investor Relations

Contacts:	Cara Monfort	Dennis J. Zember Jr.
	Investor Relations	Executive Vice President & CFO
	(866) 616-6020	(229) 890-1111
	Investor.Relations@amerisbank.com

A presentation with additional information regarding the transaction will be available on the Investor Relations page of www.amerisbank.com.

Additional Information About the Merger

Shareholders of Coastal and other investors are urged to read the proxy statement/prospectus that will be included in the registration statement on Form S-4 that Ameris will file with the Securities and Exchange Commission in connection with the proposed merger.

Forward-Looking Statements

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. Ameris Bancorp (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.

EX-99.2

Acquisition of Coastal Bankshares, Inc.

March 11, 2014

Exhibit 99.2

Cautionary Statements

2

This

presentation

contains

certain

performance

measures

determined

by

methods

other

than

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

(“GAAP”).

Management

of

Ameris

Bancorp

(the

“Company”)

uses

these

non-GAAP

measures

in

its

analysis

of

the

Company’s

performance.

These

measures

are

useful

when

evaluating

the

underlying

performance

and

efficiency

of

the

Company’s

operations

and

balance

sheet.

The

Company’s

management

believes

that

these

non-GAAP

measures

provide

a

greater

understanding

of

ongoing

operations,

enhance

comparability

of

results

with

prior

periods

and

demonstrate

the

effects

of

significant

gains

and

charges

in

the

current

period.

The

Company’s

management

believes

that

investors

may

use

these

non-GAAP

financial

measures

to

evaluate

the

Company’s

financial

performance

without

the

impact

of

unusual

items

that

may

obscure

trends

in

the

Company’s

underlying

performance.

These

disclosures

should

not

be

viewed

as

a

substitute

for

financial

measures

determined

in

accordance

with

GAAP,

nor

are

they

necessarily

comparable

to

non-GAAP

performance

measures

that

may

be

presented

by

other

companies.

Tangible

common

equity

and

Tier

1

capital

ratios

are

non-GAAP

measures.

The

Company

calculates

the

Tier

1

capital

using

current

call

report

instructions.

The

Company’s

management

uses

these

measures

to

assess

the

quality

of

capital

and

believes

that

investors

may

find

them

useful

in

their

evaluation

of

the

Company.

These

capital

measures

may,

or

may

not

be

necessarily

comparable

to

similar

capital

measures

that

may

be

presented

by

other

companies.

This

presentation

may

contain

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.

Overview of Pro Forma Franchise

3

Pro Forma Highlights

(1)

Financial data as of 12/31/13

Map and branch count exclude Coastal’s administrative branch at 605 US Highway 80 West in Savannah

(1)

Excludes purchase accounting adjustments

•

Complementary in-market

transaction

•

Significant branch overlap

with 3 of 6 branches within

one mile

•

Expanding our presence in the

Savannah market

Savannah

Charleston

Jacksonville

Atlanta

Tallahassee

Montgomery

Greenville

Columbia

St. Augustine

Moultrie

Ameris

Coastal

Assets

……………

$4.1

bn

Loans

……………

2.8

Deposits

……………

3.4

Branches

……………

74

4

•

In-market extension with like-minded community bank

•

Leverages management experience and infrastructure in Savannah

•

Experienced

Southeast

acquiror

–

11

deals

in

the

last

4

years

•

Thorough due diligence process completed with over 70% of the total loan and OREO

portfolios reviewed

Transaction Rationale

Strategic

Rationale

Financially

Accretive

Low-Risk

•

10% EPS accretion once cost savings are fully realized

•

Manageable initial tangible book value dilution and earnback period inside 3.0 years

•

Ameris to remain “well-capitalized”

•

Internal rate of return over 20%

•

Strengthens and solidifies our Savannah market presence

•

Significant market overlap allows for considerable cost savings opportunities

•

Improves

deposit

market

share

rank

in

Savannah

MSA

from

12

th

to

5

th

pro

forma

•

Positions

Ameris

as

the

largest

community

bank

by

market

share

along

the

Georgia

coast

(1)

Source: SNL Financial; deposit data as of 6/30/13

(1)

Includes the following Georgia counties: Bryan, Camden, Chatham, Glynn, Liberty and McIntosh.  Pro forma market share of 8.2%, behind SunTrust at 19.3%, Wells Fargo at 16.9% and Bank of America at 10.6%

Acquiror:

Ameris Bancorp (NASDAQ: ABCB)

Target:

Coastal Bankshares, Inc. (Private)

Transaction Value:

(1)

$36.7 million

Consideration Mix:

100% Stock

Per Share Consideration:

0.4671 shares of ABCB stock

Price / Tangible Book Value (%):

(1)

166%

Capital Raise:

No additional capital required to complete the transaction

Required Approvals:

Customary Regulatory and Coastal shareholder approvals

Expected Closing:

Late second quarter / early third quarter of 2014

(1)

Summary of Transaction Terms

5

Based on ABCB’s 3-day average closing price of $21.41 as of 3/7/14 and a fixed exchange ratio of 0.4671x; includes in the money warrants; based upon total Coastal common shares outstanding

of  3,423,488

Transaction Assumptions

6

Assumptions

•

50% of Coastal's noninterest expense

•

50% realized in 2014 and 100% thereafter

•

Includes cost savings from Coastal and in-market Ameris cost savings

Merger-Related Expenses

•

$4.5 million after-tax

•

Gross credit mark to loans and OREO of $20.2 million

•

5.5% mark to loans, 22.1% mark to OREO

•

Loan mark represents 2.2x total nonperforming loans as of 12/31/13, including accruing TDRs

Revenue Synergies

•

None assumed

Core Deposit Intangible

•

1.5% of transaction accounts

Ameris Preferred Equity Repayment

•

Assumes repayment of Ameris' $28 million of preferred equity prior to the end of the first quarter of 2014

Cost Savings

Credit Mark

Credit Due Diligence

7

Credit Diligence Process

•

Comprehensive review process for Coastal’s loans and OREO portfolios

•

Experienced credit review team

+

Ameris has reviewed over $3.0 billion of loans and OREO through the evaluation of 30 FDIC

transactions

•

Completed

ten

FDIC-assisted

acquisitions

and

one

whole

bank

transaction

in

GA

and

FL

through cycle

•

Credit team reviewed 71% of the dollar balance of Coastal’s loan portfolio

+

100% of commercial loans greater than $300K

+

100% of all watch list loans over $200K

•

Reviewed 88% of OREO properties

+

On-site visits to the majority of OREO properties

Coastal’s Core Earnings Ability

8

Source: SNL Financial

Note: Securities gain of  $4.0 thousand not shown

(1)

Includes provision expense and  losses on the sale of OREO

(2)

Based on Coastal’s reported 2013 noninterest expense of $17.4 million

•

Transaction will allow Ameris to unlock Coastal’s core earnings ability

•

Significant expense savings opportunities

2013 Core Earnings Reconciliation ($mm)

Source: SNL Financial

Ameris current capital ratios as of 12/31/13

(1)

Financial Impact

9

Transaction Impact

•

10% EPS accretion once cost savings are fully realized

•

No revenue synergies assumed in pro forma results but substantial

opportunities identified

•

Tangible book value earnback period inside 3.0 years

•

TCE / TA above 7.0% within 2 quarters

Pro Forma

Current

at Close

(1)

TCE / TA

6.8

%

6.8

%

Tier 1 Leverage Ratio

9.0

8.4

Tier 1 Risk-Based Ratio

14.2

12.8

Total Risk-Based Ratio

15.2

13.7

Estimated pro forma capital ratios at close; assumes transaction is 100% stock consideration; includes repayment of legacy TARP preferred equity

Strengthened Market Presence

10

•

Leverages our presence in the

Savannah market

+

On

a

pro

forma

basis,

Ameris

is

the

2

nd

largest

community bank in the Savannah MSA

Savannah MSA Deposit Market Share

Savannah MSA

Source: SNL Financial; deposit data as of 6/30/13

Market demographics deposit-weighted by county

Ameris

Coastal

Deposits

Market

Rank

Institution

($mm)

Share

1

Wells Fargo & Co.

$1,166

21.8

%

2

SunTrust Banks Inc.

1,050

19.6

3

Bank of America Corp.

664

12.4

4

First Financial Holdings Inc.

594

11.1

Pro Forma

390

7.3

5

BB&T Corp.

362

6.8

6

FCB Financial Corp.

342

6.4

7

Coastal Bankshares Inc.

315

5.9

8

Synovus Financial Corp.

181

3.4

9

Heritage Financial Group Inc.

131

2.4

10

Putnam-Greene Financial Corp.

104

2.0

11

United Community Banks Inc.

80

1.5

12

Ameris Bancorp

75

1.4

13

CertusHoldings Inc.

49

0.9

14

Regions Financial Corp.

46

0.9

15

Liberty Shares Inc.

45

0.9

’13 –

’18 Proj. Pop. Growth (%)

Proj. ’18 Median HHI ($)

4.3%

7.2%

0.0%

2.5%

5.0%

7.5%

ABCB

Coastal

$48,302

$52,945

$40,000

$45,000

$50,000

$55,000

ABCB

Coastal

Conclusion

11

•

Financially attractive for both of our shareholders

•

Enhances current footprint in a high-growth Southeastern

market

•

Compatible community banking model

Appendix:

Additional Information

Overview of Coastal Bankshares, Inc.

13

•

Headquartered  in  Savannah, GA

•

Founded in 1954

•

6 branch Georgia footprint

+

Savannah MSA (5)

+

Hinesville MSA (1)

Financial Highlights

Company Highlights

Deposit Composition by County

(2)

Chatham

Liberty

Effingham

Total Assets

……………………………

$432.8

mm

Total Loans

……………………………

295.4

Total Deposits

……………………………

364.4

% Core Deposits

(1)

……………………………

83.4

%

Loans / Deposits

……………………………

81.1

Pro Forma Footprint

72%

15%

13%

Savannah

Montgomery

Moultrie

Ameris

Coastal

Source: SNL Financial; financial data as of 12/31/13

Branch count excludes Coastal’s administrative branch

Note: Map excludes Ameris’ branches in Northern Georgia, Northern South Carolina, and Florida and Coastal’s administrative branch at 605 US Highway 80 West in Savannah

(1)

Core deposits defined as total deposits less jumbo time deposits greater than $100,000

(2)

Deposit data as of 6/30/13

Strong Core Funding

14

Dollars in millions

Source: SNL Financial

Data as of 12/31/13

Note: Jumbo time deposits defined as time deposits greater than $100,000

Ameris

Pro Forma

Coastal

Ameris Cost of Deposits: 0.32%

Coastal Cost of Deposits: 0.41%

Demand

Deposits

$179

6%

NOW Accounts

$129

4%

Money Market

& Savings

$1,940

65%

Retail Time

Deposits

$372

12%

Jumbo Time

Deposits

$379

13%

Demand

Deposits

$70

19%

NOW Accounts

$66

18%

Money Market

& Savings

$110

30%

Retail Time

Deposits

$58

16%

Jumbo Time

Deposits

$61

17%

Demand

Deposits

$249

7%

NOW Accounts

$196

6%

Money Market

& Savings

$2,050

61%

Retail Time

Deposits

$430

13%

Jumbo Time

Deposits

$440

13%

Pro Forma Loan Composition

15

Ameris

Pro Forma

(1)

Dollars in millions

Source: SNL Financial

Data as of 12/31/13

(1)

Excludes purchase accounting adjustments

Ameris Yield on Loans: 5.57%

Coastal Yield on Loans: 5.83%

Coastal

C&D

$178

7%

Residential

$712

28%

CRE

$921

37%

C&I

$160

6%

Consumer &

Other

$164

7%

FDIC Covered

$390

15%

C&D

$37

12%

Residential

$100

34%

CRE

$130

44%

C&I

$23

8%

Consumer &

Other

$5

2%

C&D

$215

8%

Residential

$812

29%

CRE

$1,051

37%

C&I

$183

6%

Consumer &

Other

$169

6%

FDIC Covered

$390

14%

Branch Overlap Detail

16

Map excludes Coastal’s administrative branch at 605 US Highway 80 West in Savannah

Pooler

Downtown Historic District

Southside

Branch Locations

17

Hinesville Office

Godley Station

Rincon Office

Stephenson Avenue Office

Pooler Office

Johnson Square Office