Atlantic Coast Bank

Atlantic Coast Bank is a financial institution that has undergone several name and organizational changes since its inception. It was originally established as Waycross A.C.L. Employees Federal Credit Union on March 27, 1939, and was later renamed Waycross S.C.L. Employees Federal Credit Union in 1967. In 1971, the institution voluntarily relinquished its Federal Deposit Insurance Corporation (FDIC) insurance and changed its classification to a non-FDIC insured credit union. The organization continued to evolve, becoming 1st Railroad Community Federal Credit Union in 1986, and subsequently Atlantic Coast Federal Credit Union in 1994. The year 2000 marked a significant transition as it changed its regulatory oversight to the Office of Thrift Supervision (OTS), adjusted its organization type to Mutual Savings & Loan, and became federally insured. On June 29, 2006, it adopted the name Atlantic Coast Bank and shifted its organization type to Stock Savings & Loan on January 1, 2003. Over the years, it relocated its main office several times within Jacksonville, Florida, including moves in February 2011 and May 2014. In a restructuring on December 27, 2016, Atlantic Coast Bank changed its organization type to a commercial bank and its chartering agency to the state, while no longer being a member of the Federal Reserve System.

Below is a list of some important events in banks history, including mergers and acquisitions.

1939-03-27Voluntarily relinquished FDIC insurance.

1939-03-27Changed Bank Class to Non-FDIC Insured Credit Union.

1939-03-27Changed Institution Name to Waycross A.c.l. Employees Federal Credit Union.

1967-06-29Changed Institution Name to Waycross S.c.l. Employees Federal Credit Union.

1971-01-04Voluntarily relinquished FDIC insurance.

1971-01-04Changed Bank Class to Non-FDIC Insured Credit Union.

1983-09-08Changed Institution Name to Waycross Seabord System Federal Credit Union.

1986-11-13Changed Institution Name to 1st Railroad Community Federal Credit Union.

1994-12-01Changed Institution Name to Atlantic Coast Federal Credit Union.

1995-01-01Changed Institution Name to Atlantic Coast Federal Credit Union.

2000-11-01Became FDIC insured.

2000-11-01Changed Chartering Agency to Ots.

2000-11-01Changed Bank Class to Federal & State Savings and Loans.

2000-11-01Changed Organization Type to Mutual Savings & Loan.

2000-11-01Changed Primary Federal Regulatory Agency to Ots.

2000-11-01Changed Institution Name to Atlantic Coast Federal.

2003-01-01Changed Organization Type to Stock Savings & Loan.

2006-06-29Changed Institution Name to Atlantic Coast Bank.

2011-02-03Main Office moved to 12724 Gran Bay Parkway West, Suite 150, Jacksonville, FL 32258.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2014-05-01Main Office moved to 4655 Salisbury Road, Suite 110, Jacksonville, FL 32256.

2016-12-27Changed Chartering Agency to State.

2016-12-27Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2016-12-27Changed Organization Type to Commercial Bank.