Atlantic Coast Financial Corporation, headquartered in Jacksonville, Florida, is the holding company for Atlantic Coast Bank, a community-oriented financial institution serving northeastern Florida and southeastern Georgia markets through 11 branches, including a focus on the Jacksonville metropolitan area. A federally chartered and insured 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. 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 in February 2011.
Atlantic Coast Bank is focused on attracting retail and commercial deposits and investing those funds in traditional loan opportunities, including one- to four-family residential mortgages, home equity, commercial real estate, automobile and consumer loans. Atlantic Coast Bank also originates multi-family residential mortgage loans, commercial business loans, SBA loans and construction loans within its geographic footprint.