Atlantic Coast Financial Corporation Re-Elects Dave Bhasin and John J. Dolan

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the Company) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported on its 2016 annual meeting of stockholders. In formal business conducted at the meeting, stockholders re-elected two directors to three-year terms that expire with the 2019 annual meeting: Dave Bhasin, Chief Executive Officer of D.B. Concepts, Inc. and affiliated companies, which operates franchised restaurants throughout eastern Pennsylvania, and John J. Dolan, Chairman of the Board for the Company and the Bank and a Managing Member of Dolan Finance, LLC, which serves as general partner for Dolan Real Estate Finance, LP, a newly formed private investment fund that deals in financing short-term commercial real estate transactions.