Market Overview

Atlantic Coast Financial Corporation Stockholders Approve Merger with Ameris Bancorp

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Atlantic Coast Financial Corporation (the Company) (NASDAQ:ACFC), the
holding company for Atlantic Coast Bank, today announced that at a
special meeting of the stockholders of the Company held March 21, 2018,
the stockholders voted to approve the merger of the Company with and
into Ameris Bancorp (NASDAQ:ABCB), pursuant to the Agreement and Plan
of Merger, dated November 16, 2017, by and between the Company and
Ameris Bancorp. Subject to regulatory approval and other customary
closing conditions, the transaction is expected to close during the
second quarter.

About the Company

Atlantic Coast Financial Corporation is the holding company for Atlantic
Coast Bank, a Florida state-chartered commercial bank. It is a
community-oriented financial institution serving the Northeast Florida,
Central Florida and Southeast Georgia markets. Investors may obtain
additional information about Atlantic Coast Financial Corporation on the
Internet at www.AtlanticCoastBank.net,
under Investor Relations.

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