Atlantic
                             Coast
                           Federal
                       Corporation


For additional information contact:
Patrick J. Watson
Corporate Communications, Inc.
(615) 254-3376


                       ATLANTIC COAST FEDERAL CORPORATION
              RE-ELECTS DIRECTORS BEECKLER, MARTIN, SIDHU AND SWEAT


Waycross, Ga. (May 14, 2010) - Atlantic Coast Federal Corporation (NASDAQ:ACFC),
the holding  company for Atlantic Coast Bank,  today reported on its 2010 annual
meeting  of  stockholders.   In  formal  business   conducted  at  the  meeting,
stockholders re-elected three directors to three-year terms that expire with the
2013 annual  meeting:  Thomas F. Beeckler,  the owner,  President and CEO of the
Beeckler  Company,  a real estate  development  firm in  Jacksonville,  Florida;
Charles E.  Martin,  Jr., a retired  employee  of CSX  Transportation,  Inc.  in
Waycross  and  Chairman  of  Atlantic  Coast  Federal   Corporation's  Board  of
Directors;  and  Forrest  W.  Sweat,  Jr., a Partner in the law firm of Walker &
Sweat of Waycross.  Stockholders also re-elected Jay S. Sidhu,  Chairman and CEO
of Customers 1st Bank and Chairman and CEO of Sidhu Advisors, LLC, to a one-year
term expiring in 2011.

The Company's Directors continuing in office to future years include:  Frederick
D.  Franklin,   Jr.,  a  Partner  in  the  law  firm  of  Rogers  Towers,  P.A.,
Jacksonville;  Robert J. Larison,  Jr., President and Chief Executive Officer of
Atlantic  Coast  Federal  Corporation;  W.  Eric  Palmer,  Director  of  Patient
Financial  Services  with the Mayo  Clinic in  Jacksonville;  Robert  J.  Smith,
Executive  Vice  President,  Finance and  Non-Insurance  Operations  for Cypress
Insurance Group in Jacksonville; and H. Dennis Woods, a retired executive of the
CSX Transportation, Inc.

In other  matters,  stockholders  also ratified the  appointment  of McGladrey &
Pullen, LLP as the Company's  independent  registered public accounting firm for
2010 and  approved  Atlantic  Coast  Federal  Corporation's  2010  Employee  and
Director Stock Purchase Plans.

Atlantic  Coast Federal  Corporation  is the holding  company for Atlantic Coast
Bank, a federally chartered and insured stock savings  association  organized in
1939 as a  credit  union to serve  the  employees  of the  Atlantic  Coast  Line
Railroad.   Today,  Atlantic  Coast  Bank  is  a  community-oriented   financial
institution  serving  southeastern  Georgia and northeastern  Florida through 12
locations,  including a focus on the Jacksonville  metropolitan area.  Investors
may obtain additional  information  about Atlantic Coast Federal  Corporation on
the  Internet  at   www.AtlanticCoastBank.net,   under   Investor   Information.

                                     -END-

                       Atlantic Coast Federal Corporation
                   505 Haines Avenue   Waycross, Georgia 31501
                               www.acfederal.net