Atlantic Coast Financial Latest News and Updates

Atlantic Coast Financial has recently made headlines with some exciting updates. They have been actively working on expanding their services to cater to a wider range of customers.

One notable development is the launch of their new mobile banking app, which allows users to easily manage their accounts on-the-go. This app is designed to be user-friendly and secure, providing customers with a seamless banking experience.

Atlantic Coast Financial is committed to staying at the forefront of financial technology, and this new app is a testament to their dedication. They are continuously seeking ways to improve their services and make banking more accessible to everyone.

Their commitment to innovation has earned them a reputation as a forward-thinking financial institution, and it's clear that they're not slowing down anytime soon.

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Ameris Bancorp, the parent company of Ameris Bank, acquired Atlantic Coast Financial Corporation in May 2018. The acquisition was completed on May 25, 2018.

Atlantic Coast Bank, the banking subsidiary of Atlantic Coast Financial Corporation, was merged into Ameris Bank, with Ameris Bank surviving the merger. This merger affected 12 banking locations, with 8 in Jacksonville, Florida, and 4 in Southeast Georgia.

Atlantic Coast Financial Corporation's stockholders received $1.39 in cash and 0.17 shares of Ameris Bancorp common stock for each share of ACFC common stock outstanding, with cash paid in lieu of fractional shares of Ameris Bancorp's common stock.

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Our company has been expanding its services to better meet the needs of our clients. We now offer financial planning services to help individuals and small businesses achieve their financial goals.

Our team of experts is dedicated to providing personalized advice and guidance to ensure our clients make informed decisions about their finances.

We provide portfolio management services for individuals and small businesses, helping them to create and maintain a diversified investment portfolio that aligns with their risk tolerance and financial objectives.

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Our average account size is $142,127, indicating that we work with clients who have a significant amount of assets to manage.

We have a strong presence in the region, with registrations in Florida, Massachusetts, New Hampshire, and Maine, allowing us to serve clients across the area.

Our team consists of 2 employees, with 1 of them dedicated to investment advisory functions.

Here are some of the services we offer:

Ameris Bancorp recently made some significant news in the banking world. They completed the acquisition of Atlantic Coast Financial Corporation as of May 25, 2018.

The acquisition was announced on May 29, 2018, and it included the merger of Atlantic Coast Bank into Ameris Bank. This merger brought together two banking entities with a combined presence in several states.

Atlantic Coast Bank previously operated twelve banking locations, eight of which were located in Jacksonville, Florida, and the remaining four were in Southeast Georgia.

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As a result of the merger, ACFC's stockholders received $1.39 in cash and 0.17 shares of Ameris Bancorp's common stock for each share of ACFC common stock they owned.

Ameris Bancorp is a bank holding company headquartered in Moultrie, Georgia, with a banking subsidiary that had 97 locations in Georgia, Alabama, northern Florida, and South Carolina at the end of the most recent quarter.

Atlantic Coast Financial is a reputable financial institution with a long history of serving the community.

They were founded in 1994, making them over 28 years old.

Their mission is to provide personalized financial services to individuals and businesses, with a focus on building strong relationships and trust.

Atlantic Coast Financial is set to merge with Bond Street Holdings Inc., a Miami-based company, in a deal that will see the acquisition of Atlantic Coast's common stock for $777 million in assets.

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The merger will result in the Atlantic Coast locations operating under the name of Florida Community Bank, a subsidiary of Bond Street with $3.2 billion in assets.

There are no plans to close any of the Atlantic Coast offices at this time, according to Ross Lovern, spokesman for Bond Street.

The merger deal was amenable with both companies, with Atlantic Coast's spokesman Patrick Watson saying the company believes this is the most attractive option.

The markets responded favorably to the planned merger, with Atlantic Coast shares jumping to $4.80 in pre-market trading, up from the Monday close of $3.54.

Atlantic Coast Financial has about a dozen branch bank offices from Waycross, Ga., through Jacksonville.

The merger is expected to increase Florida Community Bank's operational properties to 53 and move the bank to fourth-largest in the state.

Kent Ellert, president and chief executive officer of Florida Community Bank, said the merger was welcomed news, citing the prospects of growing the bank platform with the addition of Atlantic Coast.

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Atlantic Coast Financial Corp has a history of filing annual reports with the SEC. Their most recent annual report, the 10-K, was filed on March 16, 2018.

The company has consistently filed their annual reports on the same day, March 16, since 2016. This suggests a high level of organization and attention to detail.

Atlantic Coast Financial Corp has also filed quarterly reports, known as 10-Qs, throughout the years. Their most recent quarterly report was filed on May 10, 2018.

Here's a list of the company's 10-Q filings, showing the date and year of each filing:

The company has filed a total of 14 10-Q reports since 2012.