Atlantic Coast (ACFC) Announces Plans to Convert Mutual Holding Co. to a Stock Form of Organization

Atlantic Coast Federal Corporation (Nasdaq: ACFC), today announced that the Boards of Directors of its mutual holding company, Atlantic Coast Federal, MHC (the "Mutual Holding Company"), the Company and Atlantic Coast Bank (the "Bank") have adopted a plan to convert the Mutual Holding Company from the mutual to stock form of organization. The...

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