Key Developments For Atlantic Coast Federal Corporation
Atlantic Coast Federal Corporation (ACFC.O) (Consolidated Issue listed on NASDAQ Global Market)
Heritage Financial Group Agrees To Purchase Lake City Branch From Atlantic Coast Federal Corporation
Heritage Financial Group announced that it has signed a definitive agreement to purchase a branch in Lake City, Florida, owned by Atlantic Coast Federal Corporation, the holding company for Atlantic Coast Bank. The transaction is expected to close in the fourth quarter of 2009, and will result in the transfer of approximately $12 million in loans and $45 million in deposits along with the branch office there. Heritage Financial Group expects to retain the four employees currently located at the branch. Terms of the deal were not disclosed.
Atlantic Coast Federal Corporation Declares Quarterly Dividend of $0.01 Per Common Share
Atlantic Coast Federal Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.01 per share, unchanged from last quarter. The dividend will be paid on July 27, 2009, to all stockholders of record as of July 10, 2009.
Atlantic Coast Federal Corporation Announces CFO Change-Form 8-K
Atlantic Coast Federal Corporation reported in its Form 8-K that on May 22, 2009, Dawna R. Miller resigned as Senior Vice President and Chief Financial Officer (CFO). The Company appointed Thomas B. Wagers, Sr., Senior Vice President And Chief Financial Officer (CFO) of the Company.
Atlantic Coast Federal Corporation Declares Quarterly Dividend Of $0.01 Per Common Share
Atlantic Coast Federal Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.01 per share versus $0.09 per share last quarter. The dividend will be paid on April 27, 2009, to all stockholders of record as of April 10, 2009.
Atlantic Coast Federal Corporation Declares Quarterly Dividend Of $0.09 Per Common Share
Atlantic Coast Federal Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share versus $0.11 per share last quarter. The dividend will be paid on January 26, 2009, to all stockholders of record as of January 9, 2009.
