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EX-99.1 - EXHIBIT 99.1 - Atlantic Coast Financial CORPa6560707-ex991.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): December 30, 2010

ATLANTIC COAST FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)

Maryland

333-167632

Being applied for

(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 December 30, 2010, Atlantic Coast Federal Corporation (the "Company"), the holding company for Atlantic Coast Bank, announced that its stockholders and the members of Atlantic Coast Federal, MHC have approved Atlantic Coast Federal, MHC's Plan of Conversion and Reorganization providing for the second-step conversion and stock offering.  

As announced earlier this month, Atlantic Coast Financial Corporation, the proposed holding company for Atlantic Coast Bank and successor company for Atlantic Coast Federal Corporation, has extended its community offering to January 21, 2011.  In connection with the extension of the community offering, the Company expects to launch an assisted broker program to sell shares of common stock in early January 2011.

The full text of the press release announcing voting approval of Atlantic Coast Federal, MHC's Plan of Conversion and Reorganization by the Company's stockholders and the members of Atlantic Coast Federal, MHC is set forth in Exhibit 99.1 attached hereto.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

  (d) Exhibits.
99.1 Press release dated December 30, 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 FINANCIAL CORPORATION

 
 

Date:

January 4, 2011

By:

/s/

Thomas B. Wagers, Sr.

 

Thomas B. Wagers, Sr.

 

Chief Financial Officer

(Duly Authorized Representative)


EXHIBIT INDEX

Exhibit

Number

Description of Exhibit(s)

99.1

Press release dated December 30, 2010