Less than a year after stepping down as chairman of Atlantic Coast Financial (ACFC) in Jacksonville, Fla., Jay Sidhu is seeking to oust three members of the company's board and replace them with a new slate of directors.

Sidhu, a director of the $785 million-asset company who currently serves as chairman and chief executive of Customers Bancorp in Pennsylvania, has joined with a fellow director, Bhanu Choudhrie, to nominate John Dolan, Kevin Champagne and Dave Bhasin to the company's board, according to a recent Securities and Exchange Commission filing.

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