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Atlantic Capital Bancshares, Inc. ("Atlantic Capital") announced today the successful completion of its acquisition of First Security Group, Inc. ("First Security"). The transaction was unanimously approved by the boards of directors of each company earlier this year, and was approved by the shareholders of each company on October 21, 2015.
Atlantic Capital Bancshares, Inc. ("Atlantic Capital") has hired Patrick T. Oakes as Executive Vice President and Chief Financial Officer of Atlantic Capital and its wholly owned subsidiary, Atlantic Capital Bank. Oakes has more than 23 years in banking, finance and capital markets.
Press release courtesy of the Federal Reserve
Excerpt from the press release:
The Federal Reserve Board on Tuesday announced the members of its Community Depository Institutions Advisory Council (CDIC) and the president and vice president of the council for 2016.
The other members of CDIAC in 2016 are:
Douglas L. Williams
President and Chief Executive Officer
Atlantic Capital Bank
Press release courtesy of Business Wire
Excerpt from the press release:
Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured debt rating of BBB, subordinated debt rating of BBB-, and short-term rating of K3 to Atlantic Capital Bancshares, Inc. ("ACBI", "Atlantic Capital", or "the Company") a bank holding company headquartered in Atlanta, Georgia. In addition, KBRA has assigned a senior unsecured debt/deposit rating of BBB+ and short-term rating of K2 to its subsidiary, Atlantic Capital Bank ("the Bank"). The outlook on all ratings is stable.
By Jarred Schenke
Press release courtesy of BisNow
ThePad on Harvard, a mixed-use TOD just a football punt away from the College Park MARTA station, broke ground with city and business leaders for its first phase: a 109-unit apartment complex.
The developers secured $10.5M in construction financing from Atlantic Capital Bank earlier this year for the apartment.
On July 3, 2015, Maria Saporta of the Atlanta Business Chronicle reported that at the end of June, Walter "Sonny" Deriso, Jr., Chairman of Atlantic Capital, was appointed President of the Rotary Club of Atlanta, replacing Tommy Holder.
Click here for access to the article A New Wave of Foreign Consuls General Arrives in Atlanta, provided by the SaportaReport.
June 22, 2015
Press Release: SBA Lending Volume Turns Upward
By Shawn A. Turner
Press release courtesy of Hotel News Now
Excerpt from the press release:
Sand Patel, senior VP at Atlantic Capital Bank, said the lender during the past two years has done $40 million in SBA loans. "We're seeing a lot of interest," he said. "People are doing higher dollar amounts and new construction."
Excerpt from the press release:
Atlantic Capital Bancshares, Inc. and First Security Group, Inc. jointly announced today the signing of a definitive merger agreement pursuant to which Atlantic Capital will acquire First Security. The transaction has been unanimously approved by the boards of directors of each company.
By Sarah Tourville
Press Release courtesy of the Greater Alpharetta Tech Network
The Greater Alpharetta Tech Network (GATN), a nonprofit association whose mission is to foster community and connection among the 900-plus technology companies located in the Greater Alpharetta area of North Fulton and South Forsyth, today officially announced the appointment of three new members to its Board of Directors.
GATN's new Board members are:
- Nathan Ottinger, Senior Vice President, Atlantic Capital Bank
- Chad Osgood, CEO, Premier Logic
- Kimberly Little, Senior Director of Identity Management Strategy, LexisNexis Risk Solutions
December 26, 2014
Doug Williams Provides Commentary in American Banker Article
Interest Rate Hike Will Expose Years of Reckless Practices at Many Banks
American Banker - AmericanBanker.com
In the article by American Banker, Doug Williams, President & CEO of Atlantic Capital Bank, discusses the benefits of having a highly asset-sensitive balance sheet as well as the recent focus of regulators during their examination of banks.
Atlantic Capital Bank's President and CEO, Douglas L. Williams, was named as a member of the Community Depository Institutions Advisory Council (CDIAC) for 2015. Click the link below to learn more about Mr. Williams' appointment.
Excerpt from the Federal Reserve Board's press release:
CDIAC advises the Board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from representatives of commercial banks, thrift institutions, and credit unions serving on local advisory councils at the 12 Federal Reserve Banks.
by Rhonda Hale
Press Release courtesy of Business RadioX
On Wednesday, October 8, 2014, Business RadioX welcomes to the studio the latest addition to its radio family, Founders Club Radio, sponsored by Atlantic Capital Bank and hosted by John Coffin.
Founders Club Radio will spotlight the leaders of great private companies. Listeners can tune in each week for business insights and perspective from CEOs and business founders on topics including growth, innovation, business development and strategic expansion. Founders Club Radio is hosted by John Coffin, the Co-Founder and Head of Corporate & Private Banking at Atlantic Capital Bank.
Kurt A. Shreiner, Executive Vice President of Corporate Financial Services, is pleased to announce the initiation of Atlantic Capital Bank's Franchise Lending Group with the recent hire of Mike Smith, Senior Vice President.
Douglas L. Williams, CEO, is pleased to announce the expansion of Atlantic Capital Bank’s Small Business Administration (SBA) lending program with the recent hires of bankers Sand Patel and Dany Lee. Both men will serve as Senior Vice Presidents in Atlantic Capital’s SBA Lending Group.
Atlantic Capital Bank is pleased to announce that Nathan Ottinger has joined the Bank as Senior Vice President and Leader of Payments Industry Banking. Mr. Ottinger has over 18 years of experience in corporate banking and payments services. He was hired to accelerate the growth of Atlantic Capital’s payments business in order to meet rising client demand for reliable payments processing services.
On April 30, Atlantic Capital Bank hosted its Women in Leadership Forum featuring Pearl Cleage, an award-winning author and playwright. The event, which was attended by 60 people, was held in the Circle Room at the Woodruff Arts Center. Guests enjoyed cocktails and hors d’oeuvres, followed by Ms. Cleage’s remarks.
by Julie Bryant Fisher
Press Release courtesy of the Metro Atlanta Chamber of Commerce
Recognizing excellence and innovation in international business, Metro Atlanta Chamber (MAC) has picked 12 outstanding Atlanta companies as finalists in four categories for the 2013 Global Impact Awards. Finalists include Infosys, Neurok Software LLC, Utility Service LLC, Global Payments Inc., EndoChoice, Bluewater Energy, United Parcel Service, Inc., JPMorgan Chase & Co., Atlantic Capital Bank, Manufacturing Resources International, @International Services and AGCO Corp.
Atlantic Capital Bank (ACB) announced today the recent hire of small business specialist Juan Lago, an expert in the Atlanta small and emerging growth business market, whose addition signifies the inception of the Bank’s Small Business Association (SBA) Lending program.
On May 18, Fox Business News published an article, “Retirement Planning When You’re the Boss,” that featured Maura McKenna, Senior Vice President at Atlantic Capital Bank, as an expert on succession planning. Please click here to read the article on Fox Business News’ site. To read Maura McKenna’s own article on the topic, “Succession Planning for the Closely Held Company,” please click here.
On Friday, April 20, The Atlanta Business Chronicle featured a piece about Atlantic Capital Bank’s growth from a start-up to over a billion dollar in asset bank in just five years. The writer, Kat Greene, attributed the Bank’s success to its innovative business model of focusing on building relationships, not building branches.
“We set out to accomplish something distinct for our clients, and we’ve made great strides in just a few years,” says Doug Williams, President and CEO of Atlantic Capital. “Our clients know they can expect a superior level of service and local market expertise when they bank with us. We’re giving them certainty in uncertain times.”
Click here for access to the article on the Atlanta Business Chronicle’s website.
March 1, 2012
Atlantic Capital Bank Provides Term Financing to Park Springs for Atlanta Continuing Care Retirement Community
Isakson Living has secured $47.3 million in mortgage financing to refinance the existing indebtedness of Park Springs, a stabilized 474-unit continuing care retirement community located in Stone Mountain, GA.
The Cushman & Wakefield Sonnenblick Goldman team representing Isakson Living included Richard Swartz and Phil Anderson as Co-Heads of Cushman & Wakefield Sonnenblick Goldman's Senior Housing Capital Markets team, Senior Director Jay Wagner and Director Aaron Rosenzweig. The financing was provided by Bank of America and Atlantic Capital Bank.
November 4, 2011
Doug Williams interviewed on the Butler on Business radio show
In the interview, Mr. Williams focused on the potential negative impact of the Dodd-Frank regulation on small banks’ ability to provide small businesses with interest rate risk management.
October 18, 2011
Doug Williams urges legislators to pass Small Business Credit Availability Act
August 14, 2011
"Solid Backbone" Remains
Banking Environment Remains in Flux
Atlanta Journal Constitution - AJC.com
This article features a commentary by Sonny Deriso, Chairman of Atlantic Capital Bank, about the ongoing changes in Atlanta's banking market and how those changes are impacting state business.
August 10, 2011
Atlantic Capital Banker Featured in WABE FM interview: "The Financial 'Catch 22' Faced by Foreign Employees in the U.S."
ATLANTA, GA (WABE) - Locating a business in Georgia can be a challenging endeavor especially for a foreign company. And foreign employees face some unique obstacles, such as getting a driver's license or obtaining credit. In this clip, Jeff McCoy, International Banker at Atlantic Capital Bank, comments on the credit situation and offers a few helpful solutions. Audio clip ©Copyright 2011, WABE.
Walter M. “Sonny” Deriso, Jr., Chairman of the Board of Atlantic Capital Bank, was recognized for his work with the Georgia Regional Transportation Authority as one of the 100 Most Influential Atlantans of 2011 by the Atlanta Business Chronicle.
Excerpt from the June 10, 2011 Atlanta Business Chronicle:
"Walter M. “Sonny” Deriso was one of the original members of the GRTA Board of Directors, first appointed in June of 1999, and serving as Chairman since May of 2001. Under Deriso’s leadership, GRTA has been a catalyst for action on transportation issues in metropolitan Atlanta and throughout the state."
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March 9, 2011
NewFields, an Atlantic Capital Bank Client, Wins Global Impact Award
Atlantic Capital Bank is pleased to congratulate its client, NewFields, for winning The Global Impact Award for Economic Development: Trade/Business Development. This award, presented by the Metro Atlanta Chamber, recognizes a company that has operations in the Atlanta area and has exhibited significant growth in terms of capital investment and high-quality job creation as a result of international trade, community leadership and sustainable practices.
NewFields is an international firm of environmental experts in the fields of engineering, life sciences and environmental medicine. The firm provides comprehensive services for the resolution of all aspects of environmental liabilities, focusing on environmental stewardship and asset protection. The team currently works with more than 50 Fortune 500 companies with projects in over 70 countries. NewFields began in 1996 in Atlanta and today has 35 employees at its Atlanta headquarters and a total of over 200 employees worldwide. www.newfields.com
Publication names organization one of Atlanta’s fastest-growing private companies
(ATLANTA, Ga. – April 30, 2010) – Atlantic Capital Bancshares, Inc. (Atlantic Capital), parent of Atlantic Capital Bank, announced today that it has received one of the Atlanta Business Chronicle’s Pacesetter Awards honoring the 50 fastest-growing private companies in Atlanta for 2010. Atlantic Capital ranked 22nd in the publication’s list, which was based on an analysis of the nominated companies’ growth over the past two years. Atlantic Capital Bancshares posted a significant increase in revenue and grew its staff by more than 25 percent during that time period. Both of these achievements may be attributed to the company’s dedication to building a team of seasoned, experienced bankers, implementing advanced technologies and maintaining healthy capital levels despite the recent economic turmoil.
January 2, 2009
Banks Defy 'Herd,' Say No to Federal Stock Plan
Atlanta Business Chronicle
December 18, 2008
Atlantic Capital Bank Decides Capital Purchase Program Funds are Not Needed