The chairman of Atlantic Coast Financial in Jacksonville, Fla., retired for health reasons.
Kevin Champagne stepped down from the $857 million-asset company on Feb. 29, according to a Friday news release. He also retired as chairman of Atlantic Coast Bank.
John Dolan, previously vice chairman, was named chairman. Jay Sidhu was appointed vice chairman. Sidhu is also chairman and chief executive of the $8.4 billion-asset Customers Bancorp in Wyomissing, Pa.
Atlantic Coast also eliminated the vacant seat brought by Champagne's retirement, reducing the size of the board to seven members from eight.