The Office of the Comptroller of the Currency Lifts Its Consent Order against Atlantic Coast Bank

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company,") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced that The Office of the Comptroller of the Currency (the "OCC"), Department of the Treasury, has terminated the Consent Order (the "Order") against the Bank, which was originally issued on August 10, 2012, finding that the Bank has attained compliance with the Order. Simultaneously, the OCC has reclassified the Bank as a "well-capitalized" institution, removing the "troubled-condition" designation.