$ACFC News

Last published 4y ago

4y agoBMTX FCF ACFCBM Technologies, Inc. (BMTX) Announces John Dolan as New Board MemberGlobeNewswireRadnor, PA, May 13, 2022 (GLOBE NEWSWIRE) -- May 13, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, is proud to announce the expansion
8y agoACFCAtlantic Coast Financial Corporation Reports First Quarter 2018 Earnings of $0.09 Per Diluted ShareBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (Atlantic Coast or the Company) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported earnings per diluted share of $0.09 for the first quarter of 2018 compared with earnings of $0.10 per diluted share in the same quarter last year.
8y agoACFC ABCBAtlantic Coast Financial Corporation Stockholders Approve Merger with Ameris BancorpBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the Company) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank, today announced that at a special meeting of the stockholders of the Company held March 21, 2018, the stockholders voted to approve the merger of the Company with and into Ameris Bancorp (NASDAQ: ABCB), pursuant to the Agreement and Plan of Merger, da ...
8y agoACFCAtlantic Coast Financial Corporation’s Fourth Quarter 2017 Net Loss of $0.04 Per Diluted Share Included $0.14 in Charges Related to Tax Act and Pending MergerBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (Atlantic Coast or the Company, NASDAQ: ACFC):
8y agoACFC ABCBThe Law Offices of Vincent Wong Notifies Investors of an Investigation of Atlantic Coast Financial Corporation in Connection with the Sale of the Company to Ameris BancorpBusiness WireNEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Atlantic Coast Financial Corporation (NASDAQ:ACFC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ameris Bancorp (NASDAQGS:ABCB). Under the terms of the deal, Atlantic Coast Financial shareholders will receive 0.17 shares of ...
9y agoACFCAtlantic Coast Financial Corporation Reports Third Quarter 2017 Earnings of $0.07 Per Diluted ShareBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (NASDAQ: ACFC)
9y agoACFCAtlantic Coast Financial Corporation Reports Second Quarter 2017 Earnings of $0.08 Per Diluted ShareBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (NASDAQ: ACFC):
9y agoACFCAtlantic Coast Financial Corporation Re-Elects Directors W. Eric Palmer, Jay S. Sidhu and John K. Stephens, Jr.Business WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the Company), (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported on its 2017 annual meeting of stockholders. In formal business conducted at the meeting, stockholders re-elected three directors to three-year terms that expire with the 2020 annual meeting: W. Eric Palmer, Operations Admini ...
9y agoACFCAtlantic Coast Financial Corporation Reports First Quarter 2017 Earnings of $0.10 Per Diluted ShareBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (NASDAQ: ACFC):
9y agoACFCAtlantic Coast Financial Corporation Fourth Quarter 2016 Earnings Increase to $0.13 Per Diluted ShareBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (NASDAQ: ACFC):
10y agoACFCAtlantic Coast Financial Corporation Third Quarter 2016 Earnings Increase to $0.10 Per Diluted ShareBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (NASDAQ: ACFC):
10y agoACFCAtlantic Coast Financial Corporation to Participate in FIG Partners' 12th Annual Bank CEO ForumBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the Company), (NASDAQ: ACFC), the holding company for Atlantic Coast Bank, today announced that its management will participate in FIG Partners' 12th Annual Bank CEO Forum, which will take place in Atlanta on September 19-20, 2016. John K. Stephens, Jr., President and Chief Executive Officer, and Tracy L. Keegan, Executive ...
10y agoACFCAtlantic Coast Financial Corporation to Attend the Raymond James U.S. Bank ConferenceBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the Company) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank, today announced that its management will participate in the upcoming Raymond James U.S. Bank Conference, which will be held in Chicago on Wednesday, September 7, 2016. John K. Stephens, Jr., President and Chief Executive Officer, and Tracy L. Keegan, ...
10y agoACFCAtlantic Coast Financial Corporation Reports Earnings of $0.09 Per Diluted Share for the Second Quarter of 2016Business WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (Atlantic Coast or the Company)(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported earnings per diluted share of $0.09 for the second quarter of 2016 compared with earnings of $0.36 per share in the same quarter last year. Results for the year-earlier quarter included the positive impact of ...
10y agoACFCAtlantic Coast Financial Corporation Re-Elects Dave Bhasin and John J. DolanBusiness WireJACKSONVILLE, 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 ...
10y agoACFCAtlantic Coast Financial Corporation Reports Significantly Higher Earnings for the First Quarter of 2016Business WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (Atlantic Coast or the Company) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported that earnings per diluted share increased to $0.10 for the first quarter ended March 31, 2016, from $0.03 for the first quarter last year.
10y agoACFCKevin Champagne, Chairman of the Board of Atlantic Coast Financial Corporation, Retires Due to Health ReasonsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation ("Atlantic Coast" or the "Company") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced that Kevin G. Champagne retired as Chairman of the Board and as a Director of each the Company and the Bank on February 29, 2016, effective immediately, due to health reasons. In light of Champagne's ...
10y agoACFCAtlantic Coast Financial Corporation Reports Record Earnings for 2015Business WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation ("Atlantic Coast" or the "Company") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported earnings per diluted share of $0.50 for the year ended December 31, 2015, up from $0.09 for the year ended December 31, 2014. As previously reported, earnings for the full year 2015 included the impact ...
10y agoACFCAtlantic Coast Financial Corporation Expands Footprint in Florida, Agrees to Sell Its Branch in Garden City, GeorgiaBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation ("Atlantic Coast" or the "Company," NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced that the Company continues to expand its presence in Florida by opening commercial banking and mortgage origination offices in Orlando and Tampa. The Company recently reported year-over-year loan growt ...
11y agoACFCAtlantic Coast Financial Corporation Reports Strong Third Quarter ResultsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (NASDAQ: ACFC):
11y agoACFCAtlantic Coast Financial Corporation Reports Record EarningsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (“Atlantic Coast” or the “Company,”)(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the “Bank”), today reported earnings per diluted share of $0.36 and $0.39 for the second quarter and first six months of 2015, respectively, up from $0.02 and $0.03 for second quarter and first six months of 2014, respectively. T ...
11y agoACFCAtlantic Coast Financial Corporation Reverses $8.5 Million of Deferred Tax Asset Valuation AllowanceBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company," NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported that on June 19, 2015, the Company reversed a valuation allowance of $8.5 million that had previously been recorded against the Company's deferred tax asset (the "DTA Transaction"). The reversal comes after the Company has ...
11y agoACFCTracy L. Keegan Named Chief Financial Officer of Atlantic Coast Financial CorporationBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company,")(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced that Tracy L. Keegan has been named Executive Vice President and Chief Financial Officer of the Company. Keegan has served the Bank in this capacity since March 30, 2015.
11y agoACFCAtlantic Coast Financial Corporation Re-Elects Bhanu Choudhrie and James D. HoganBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company," NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported on its 2015 annual meeting of stockholders. In formal business conducted at the meeting, stockholders re-elected two directors to three-year terms that expire with the 2018 annual meeting: Bhanu Choudhrie, Executive Direct ...
11y agoACFCAtlantic Coast Financial Corporation Announces Continued Profitability on Significant Loan Growth for First Quarter 2015Business WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation ("Atlantic Coast" or the "Company")(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported earnings per share of $0.03 for the first quarter ended March 31, 2015, up from $0.01 for first quarter last year.
11y agoACFCThe Office of the Comptroller of the Currency Lifts Its Consent Order against Atlantic Coast BankBusiness WireJACKSONVILLE, 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 t ...
11y agoACFCAtlantic Coast Financial Corporation Announces Profit for Fourth Quarter and Full Year 2014Business WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation ("Atlantic Coast" or the "Company")(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported earnings per share of $0.03 and $0.09 for the fourth quarter and for the year ended December 31, 2014, respectively.
12y agoACFCAtlantic Coast Financial Corporation Reports Third Consecutive Quarterly ProfitBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation ("Atlantic Coast" or the "Company," NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported earnings per share of $0.03 for the third quarter ended September 30, 2014, maintaining a profitable trend that started in the first quarter of 2014 and continued in the second quarter of 2014.
12y agoACFCAtlantic Coast Financial Corporation Reports Second Quarter 2014 ResultsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the “Company”) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the “Bank”), today reported earnings per share of $0.02 for the second quarter ended June 30, 2014, continuing a profitable trend that resumed in the first quarter of 2014.
12y agoACFCAtlantic Coast Financial Corporation Re-Elects Palmer, Sidhu and StephensBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company,") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported on its 2014 annual meeting of stockholders. In formal business conducted at the meeting, stockholders re-elected three directors to three-year terms that expire with the 2017 annual meeting: W. Eric Palmer, Operations Ad ...
12y agoACFCAtlantic Coast Financial Corporation Returns to Profitability During First Quarter 2014Business WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported earnings per share of $0.01, along with continued strong capital levels and superior asset quality as of and for the three months ended March 31, 2014. This marked the first profitable quarter for the Company in more than ...
12y agoACFCAtlantic Coast Financial Corporation Announces Fourth Quarter and Full Year 2013 ResultsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the “Company”) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the “Bank”), today reported strong capital levels and superior asset quality at December 31, 2013. A non-performing asset sale reduced problem assets to pre-recession levels. A capital raise resulted in best-in-class capital ratios.
12y agoACFCAtlantic Coast Financial Corporation Closes $48.3 Million Public Offering of Common Stock, Including Exercise of Underwriters’ Over-Allotment OptionBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced the closing of its previously announced underwritten offering of its common stock. The Company raised $48.3 million in gross proceeds by issuing 12,880,000 shares of its common stock, which included the issuance of an ad ...
12y agoACFCAtlantic Coast Financial Corporation Prices Public Offering of Common StockBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company") (NASDAQ:ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced the pricing of its previously announced underwritten offering of $42.0 million of its common stock at a price to the public of $3.75 per share. FBR Capital Markets & Co. is acting as the sole book-running manager for the ...
12y agoACFCAtlantic Coast Financial Corporation Commences Public Offering of Common StockBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced that it has commenced an underwritten public offering of $42 million of its common stock. FBR Capital Markets & Co. is acting as the sole book-running manager for the offering. The Company expects to grant the underwrite ...
13y agoACFCAtlantic Coast Financial Corporation Reports Third Quarter 2013 ResultsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported financial results for the quarter and nine months ended September 30, 2013.
13y agoACFCAtlantic Coast Financial Corporation Names John K. Stephens President and Chief Executive OfficerBusiness WireJACKSONVILLE, 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 that its Board of Directors has named John K. Stephens President and Chief Executive Officer of both Atlantic Coast Financial and Atlantic Coast Bank, contingent upon receipt of regula ...
13y agoACFCAtlantic Coast Financial Corporation Reports Second Quarter 2013 ResultsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company,")(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported financial results for the second quarter and six months ended June 30, 2013.
13y agoACFCAtlantic Coast Financial Corporation Announces That the Proposed Merger with Bond Street Holdings, Inc. Failed to Receive Stockholder ApprovalBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company" or "Atlantic Coast Financial")(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced that the proposed merger with Bond Street Holdings, Inc. ("Bond Street") did not receive stockholder approval at today's special meeting of stockholders. Likewise, a proposal that would have ...
13y agoACFCAtlantic Coast Financial Corporation Sends Letter to Stockholders Stressing Importance of Stockholders Voting for the Proposed Merger Transaction with Bond Street HoldingsBusiness WireJACKSONVILLE, 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 stockh ...
13y agoACFCAtlantic Coast Financial Corporation Reports First Quarter 2013 ResultsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company,") (NASDAQ symbol: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported financial results for the first quarter ended March 31, 2013.
13y agoACFCAtlantic Coast Financial Corporation and Bond Street Holdings Amend Definitive Merger Agreement to Remove Contingency from Per Share ConsiderationBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced that the definitive merger agreement with Bond Street Holdings Inc.("Bond Street"), dated February 25, 2013, has been amended to eliminate the transaction's $2.00 per share contingency consideration. Accordingly, the Com ...
13y agoACFCLaw Firm Brower Piven Announces Investigation of Atlantic Coast Financial Corporation Proposed BuyoutBusiness WireSTEVENSON, Md.--(BUSINESS WIRE)--The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Atlantic Coast Financial Corporation (“Atlantic Coast” or the “Company”) (Nasdaq: “ACFC”) and other violations of state law by the board of directors of Atlantic Coast relating to the proposed ...
13y agoACFCAtlantic Coast Financial Corporation Reports Fourth Quarter and Year-End 2012 ResultsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company,") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported financial results for the fourth quarter and year ended December 31, 2012.
13y agoACFCRigrodsky & Long, P.A. Announces Investigation Of Atlantic Coast Financial Corporation BuyoutBusiness WireWILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
13y agoACFCRigrodsky & Long, P.A. Announces Investigation Of Atlantic Coast Financial Corporation BuyoutBusiness WireWILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
13y agoACFCLaw Firm Brower Piven Announces Investigation of Atlantic Coast Financial Corporation Proposed BuyoutBusiness WireSTEVENSON, Md.--(BUSINESS WIRE)--The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Atlantic Coast Financial Corporation (“Atlantic Coast” or the “Company”) (Nasdaq: “ACFC”) and other violations of state law by the board of directors of Atlantic Coast relating to the proposed ...
13y agoACFCAtlantic Coast Financial Corporation Signs Definitive Merger Agreement with Bond Street Holdings, Inc., the Fifth Largest Independent Banking Organization Headquartered in FloridaBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today announced a strategic transaction that will achieve immediate enhanced value for all stockholders with respect to the present value of their investment, as well as a financially strong banking platform, and a competitive community ...
14y agoACFCAtlantic Coast Financial Corporation Reports Third Quarter 2012 ResultsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company,")(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported financial results for the third quarter and nine months ended September 30, 2012.
14y agoACFCAtlantic Coast Financial Corporation Reports Second Quarter 2012 ResultsBusiness WireJACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company,") (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported financial results for the second quarter and six months ended June 30, 2012.