EXHIBIT 23.3 RP FINANCIAL, LC. - ------------------------------------------- Financial Services Industry Consultants March 22, 2004 Boards of Directors Atlantic Coast Federal Mutual Holding Company Atlantic Coast Federal Corporation Atlantic Coast Federal 505 Haines Avenue Waycross, Georgia 31501 Members of the Boards: We hereby consent to the use of our firm's name in the application for a minority stock issuance on Form MHC-2, and in the Registration Statement on Form S-1, and any amendments thereto. We also hereby consent to the inclusion of, summary of and references to our Appraisal Report and our statement concerning subscription rights in such filings including the Prospectus of Atlantic Coast Federal Corporation. Sincerely, /s/ RP FINANCIAL, LC. RP FINANCIAL, LC. - -------------------------------------------------------------------------------- WASHINGTON HEADQUARTERS Rosslyn Center Telephone: (703) 528-1700 1700 North Moore Street, Suite 2210 Fax No.: (703) 528-1788 Arlington, VA 22209 E-Mail: mail@rpfinancial.com