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EX-99.1 - EXHIBIT 99.1 - ATLANTIC COAST FEDERAL CORPa6416255_ex99-1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 30, 2010

ATLANTIC COAST FEDERAL CORPORATION
(Exact name of Registrant as specified in its charter)

Federal

000-50962

59-3764686

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

505 Haines Avenue, Waycross, Georgia  31501

(Address of principal executive offices)

(800) 342-2824
Registrant’s telephone number, including area code

Not Applicable
(Former Name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


ITEM 8.01.  OTHER EVENTS.

On September 2, 2010, Atlantic Coast Federal Corporation, the holding company for Atlantic Coast Bank, announced that the Bank's Board of Directors has appointed Jay S. Sidhu as the Bank's Executive Chairman.  Sidhu was named Executive Chairman of the Bank's holding company, Atlantic Coast Federal Corporation, in May 2010, and his new, broader responsibilities at the Bank level parallel the management structure established for Atlantic Coast Federal Corporation.

As Executive Chairman, Sidhu succeeds former Chairman Charles E. Martin, Jr., who remains on the Bank's Board of Directors and is the lead independent director on the Board for Atlantic Coast Federal Corporation and Atlantic Coast Bank.  Robert Larison, President and Chief Executive Officer of Atlantic Coast Bank, will now report to Sidhu.

The full text of the press release announcing Sidhu's appointment to the position of Executive Chairman is set forth in Exhibit 99.1.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

  (d) Exhibits.
99.1 Press release dated September 2, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ATLANTIC COAST FEDERAL CORPORATION

 
 

Date:

September 2, 2010

By:

/s/

Robert J. Larison, Jr.

 

Robert J. Larison, Jr.

 

President and Chief Executive Officer

(Duly Authorized Representative)


EXHIBIT INDEX

Exhibit

Number

Description of Exhibit(s)

   99.1

Press release dated September 2, 2010