Atlantic Coast Financial Corporation Sends Letter to Stockholders Stressing Importance of Stockholders Voting for the Proposed Merger Transaction with Bond Street Holdings

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company" or "Atlantic Coast Financial," NASDAQ symbol: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced in a letter to stockholders that stockholder approval of the proposed merger of Atlantic Coast Financial with Bond Street Holdings is critical to assuring attractive value for a stockholder's investment in the Company. Under the proposed merger, Atlantic Coast Financial stockholders will receive $5.00 per share in cash for each common share owned.