The legal battle stems from a September 2024 complaint in which Byrne alleged the bank violated whistleblower protection laws, breached his employment contract, and failed to pay owed wages. Jurors sided with the plaintiff, awarding $16.5 million in economic and non-economic damages, topped by $62.9 million in punitive damages.

Ameris Bancorp disclosed the verdict in a filing with the Securities and Exchange Commission, signaling its intent to vigorously contest the outcome. Management is currently assessing how the massive liability might affect the company’s liquidity and overall financial standing, acknowledging that the final resolution remains uncertain.