Atlantic Coast Financial Corp. — a community-focused bank serving both Florida and southeast Georgia — recently released information on its 2016 annual stockholder meeting and election of officers in Jacksonville, continuing two board directors’ terms of office.
Re-electing Dave Bhasin and John Dolan to new three-year terms, both expiring in 2019, Atlantic Coast also reported that current directors Bhanu Choudhrie, James Hogan, W. Eric Palmer, Jay Sidhu and John Stephens will continue their terms as members of the board of directors.
Bhasin is CEO of D.B. Concepts Inc., a restaurant franchise operation, while Dolan runs Dolan Finance LLC in partnership with Dolan Real Estate Finance LP, a newer private investment fund focusing on short-term commercial deals.
Shareholders additionally approved the choice of Dixon Hughes Goodman LLP as the company’s independent public accounting firm for 2016 along with the corporation’s 2016 overall incentive plan and compensation for leadership.
Atlantic Coast Financial Corp. is the holding company for Atlantic Coast Bank. Its headquarters are located in Jacksonville, with branches in northeast and central Florida as well as southeast Georgia.
The company serves the region through 11 full-service branches and five lending offices. Atlantic Coast Bank was originally created in 1939 as a credit union to serve employees of the Atlantic Coast Line Railroad.