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Atlantic Coast Restates Results.(Atlantic Coast Federal Corp.)(Financial report)(Brief article)
WAYCROSS, GA -- Atlantic Coast Federal Corp. here, the holding company for Atlantic Coast Bank, will restate its historical financial statements for the years ended Dec. 31, 2004, 2005 and 2006, and for the individual quarter ended March 31, 2007.
The restatements involve the company's accounting for two interest rate swaps under Statement of Financial Accounting Standards 133, "Accounting for Derivative Instruments and Hedging Activities," entered into in connection with the company's Federal Home Loan Bank advances.
"Our hedging activities have always focused on reducing interest rate risk and volatility, and in fact these particular transactions were deemed to be economically effective cash-flow hedges," said Robert J. Larison Jr., president and CEO. "Upon further review of the underlying facts and circumstances of the transactions, ...
- Atlantic Coast Federal Corp. Names Successor To CFO.
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...EUGENE BRCIC FinancialWire-5 March 2007-Atlantic Coast Federal Corp. Names Successor To CFO (C)2007 Investrend...Communications, Inc. March 5, 2007 (FinancialWire) Atlantic Coast Federal Corp. (NASDAQ: ACFC) has implemented a succession...
- Miller Named CFO Of Atlantic Coast.
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...2007-Miller Named CFO Of Atlantic Coast (C)2007 Investrend Communications...chief financial officer of Atlantic Coast Bank and CFO-designate of its parent, Atlantic Coast Federal Corp. (NASDAQ: ACFC). Miller...
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- News wire article from: Mortgage Line August 17, 2007 700+ words
WAYCROSS, GA -- Atlantic Coast Federal Corp. here, the holding company for Atlantic Coast Bank, will restate its historical financial...accounting has no significant effect on Atlantic Coast's financial condition, cumulative results...
- Atlantic Coast authorizes share buyback.
- News wire article from: Europe Intelligence Wire September 1, 2006 700+ words
...WAYCROSS, Ga. (AFX) - Financial services company Atlantic Coast Federal Corp. said Friday it authorized stock buybacks of...shares for a total of about $9 million. Shares of Atlantic Coast Federal rose 22 cents to $17.78 in morning...
- Atlantic Coast Federal to repurchase up to 478,000 shares.
- News wire article from: The America's Intelligence Wire September 1, 2006 700+ words
...Byline: DAVID BAUDER NEW YORK (MarketWatch) -- Atlantic Coast Federal Corp. Friday said its board has approved plans to...stock. The Waycross, Ga., holding company for Atlantic Coast Bank said this repurchase program will expire...
- The Florida Times-Union, Jacksonville, First Coast Ticker column.
- News wire article from: Knight Ridder/Tribune Business News December 27, 2004 700+ words
...Tribune Business News Dec. 27--ATLANTIC COAST FEDERAL QUIETLY DOING WELL: Atlantic Coast Federal Corp. announced 10 days ago that its stock...holding company for a savings bank called Atlantic Coast Federal. It was first organized in...
- Ex-Credit Union Starts Process of Going Public.(Brief Article)
- Magazine article from: Credit Union Journal August 30, 2004 700+ words
Atlantic Coast Federal Corp., a bank holding company known as Atlantic Coast FCU until November 2000, began the process of...union was chartered in 1939 to serve employees of Atlantic Coast Line Railroad. Copyright 2004 Thomson Media...
- UPDATE 2-Updates, advisories and surprises.
- News wire article from: The America's Intelligence Wire June 30, 2006 700+ words
...Thursday up 31 cents at $2.93. Atlantic Coast Federal lifts dividend 11...NEW YORK (MarketWatch) -- Atlantic Coast Federal Corp.,the Waycross, Ga., holding company for Atlantic Coast Federal, increased the quarterly...
- UPDATE 3-Updates, advisories and surprises.
- News wire article from: The America's Intelligence Wire June 30, 2006 700+ words
...Thursday up 31 cents at $2.93. Atlantic Coast Federal lifts dividend 11...NEW YORK (MarketWatch) -- Atlantic Coast Federal Corp.,the Waycross, Ga., holding company for Atlantic Coast Federal, increased the quarterly...
- Updates, advisories and surprises.
- News wire article from: The America's Intelligence Wire June 30, 2006 700+ words
...Thursday up 31 cents at $2.93. Atlantic Coast Federal lifts dividend 11...NEW YORK (MarketWatch) -- Atlantic Coast Federal Corp.,the Waycross, Ga., holding company for Atlantic Coast Federal, increased the quarterly...
Source: HighBeam Research, Atlantic Coast Restates Results.(Atlantic Coast Federal...