|Atlantic Coast Financial Corporation, headquartered in Jacksonville, Florida, is the holding company for Atlantic Coast Bank, a community-oriented
financial institution serving the Northeast Florida, Central Florida and Southeast Georgia markets through 11 full-service branches and 5 lending offices.|
A federally chartered and insured stock savings bank, Atlantic Coast Bank was organized in 1939 as a credit union to serve the employees of the
Atlantic Coast Line Railroad. In November 2000, the credit union converted its charter from a federal credit union to a federal mutual savings bank,
with Atlantic Coast Federal Corporation serving as the mutual holding company. In February 2011, Atlantic Coast Financial Corporation became the successor
company to Atlantic Coast Federal Corporation after its conversion from a mutual holding company structure to a stock corporation.
Atlantic Coast Financial Corporation and Atlantic Coast Bank have traditionally focused on attracting deposits and investing those funds primarily in loans,
including commercial real estate loans, consumer loans, first mortgages on owner-occupied, one- to four-family residences, and home equity loans. Additionally,
funds are invested in multi-family residential loans, and commercial construction and residential construction loans.