Atlantic Coast Financial in Jacksonville, Fla., has named Tracy Keegan its full-time chief financial officer.
The $709 million-asset holding company for Atlantic Coast Bank said Keegan's appointment was effective on Monday. She succeeds James Hogan, who retired as interim CFO and chief risk officer, but will remain a company director.
Keegan previously worked as a consultant for the Seminole Tribe of Florida on its efforts to purchase a bank, analyzing more than 100 institutions. The Tribe reached an agreement in October to acquire Mackinac Savings Bank in Boynton Beach, Fla., but withdrew the agreement in February. Keegan also previously was the CFO for First Southern Bank in Boca Raton, Fla.
Keegan's appointment comes after Atlantic Coast was released from an enforcement action in March that had required the bank to improve its capital ratios.