Atlantic Coast Federal Corporation Completes Initial Stock Offering.WAYCROSS, Ga. -- Robert J. Larison, Jr., President and Chief Executive Officer of Atlantic Coast Federal (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACFC ACFC American Coalition for Fathers and Children ACFC Address and Control Field Compression ACFC American Cash Flow Corporation ACFC At the Customer for the Customer ACFC Association of Canadian Film Craftspeople ACFC Association of Canadian Financial Corporations ), headquartered in Waycross, Georgia Waycross is a city in Ware County, Georgia, United States. The population was 15,333 at the 2000 census, and a micropolitan area of 51,611. The city is the largest city and county seat of Ware CountyGR6. , announced today that Atlantic Coast Federal Corporation, the holding company of Atlantic Coast Federal, has completed its initial stock offering. The holding company sold 5,819,000 shares of common stock at $10.00 per share in a subscription offering. In addition, 8,728,500 shares of the holding company's common stock were issued to Atlantic Coast Federal, MHC MHC major histocompatibility complex. MHC abbr. major histocompatibility complex MHC major histocompatibility complex. . The shares of Atlantic Coast Federal Corporation will trade on the NASDAQ National Market under the symbol "ACFC." Trading began on October 5, 2004. The subscription offering was managed by Friedman, Billings, Ramsey & Co., Inc. The law firm of Luse Gorman Pomerenk & Schick served as counsel to Atlantic Coast Federal Corporation. Atlantic Coast Federal, a federally-chartered and insured stock savings association, was organized in 1939 as a credit union serving the employees of the Atlantic Coast Line Railroad The Atlantic Coast Line Railroad (AAR reporting marks ACL) was an American railroad that existed between 1898 and July 1, 1967, when it merged with the Seaboard Air Line Railroad, its long-time rival, to form the Seaboard Coast Line Railroad. . In November 2000, the credit union converted its charter from a federal credit union to a federal mutual savings association. Atlantic Coast Federal Corporation was formed on January 1, 2003. Atlantic Coast Federal serves southeastern Georgia and the Jacksonville, Florida metropolitan area through 13 offices. |
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