Atlantic Coast Capital Corp. in Jacksonville, Fla., said Wednesday that G. Thomas Frankland is now officially its president and chief executive.

Frankland had been Atlantic Coast's interim CEO since October.

The $810 million-asset company also said Wednesday that Jay Sidhu, its executive chairman since September, will become nonexecutive chairman. Sidhu was instrumental in helping Atlantic Coast complete a second-step conversion earlier this year that brought in more than $17 million in fresh capital.

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