Atlantic Coast Financial Corporation Re-Elects Directors W. Eric Palmer, Jay S. Sidhu and John K. Stephens, Jr.
May 23 2017 - 04:05PM
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 Administrator for the
Provider Relations Departments of the Mayo Clinic in Jacksonville;
Jay S. Sidhu, Vice Chairman of the Board for the Company and the
Bank and Chairman and Chief Executive Officer of both Customers
Bancorp, Inc. and Customers Bank, headquartered in Wyommissing,
Pennsylvania; and John K. Stephens, Jr., President and Chief
Executive Officer of the Company and Atlantic Coast Bank.
Directors whose terms continue to future years are: Dave Bhasin,
Chief Executive Officer of D.B. Concepts, Inc., which operates
franchised restaurants throughout eastern Pennsylvania, Bhanu
Choudhrie, Executive Director of C&C Alpha Group Ltd, a
London-based private equity group; John J. Dolan, Chairman of the
Board for the Company and the Bank and a Managing Member of Dolan
Finance, LLC, a private investment fund that deals in financing
short-term commercial real estate transactions; and James D. Hogan,
who served in various executive management roles at the Company
between 2013 and 2015.
In other matters, stockholders also ratified the appointment of
Dixon Hughes Goodman LLP as the Company's independent registered
public accounting firm for 2017.
About the Company
Atlantic Coast Financial Corporation is the holding company for
Atlantic Coast Bank, a Florida state-chartered commercial bank. It
is a community-oriented financial institution serving the Northeast
Florida, Central Florida and Southeast Georgia markets. Investors
may obtain additional information about Atlantic Coast Financial
Corporation on the Internet at www.AtlanticCoastBank.net, under
Investor Relations.
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version on businesswire.com: http://www.businesswire.com/news/home/20170523006419/en/
Atlantic Coast Financial CorporationTracy L. Keegan,
904-998-5501Executive Vice President andChief Financial Officer
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