Ameris Bank (Photo: John Disney/ALM)
Former Ameris executive William Villari, fired when several fraudulent loans cropped up in a portfolio he sold to Ameris, was seeking $15 million under a termination agreement, according to the bank's law firm.
November 26, 2019 at 06:30 PM
1 minute read
staff reporter
Ameris Bank secured an arbitration victory in a dispute with a former executive seeking millions of dollars under a termination agreement after he was fired when several fraudulent loans cropped up in a portfolio owned by a company he sold to Ameris.
William Villari, the founder and former CEO of U.S. Premium Holding Co., said he was owed $15 million as part of a termination agreement he signed with Ameris, according to Ameris’ lawyers at Covington & Burling.
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