JACKSONVILLE, Fla.--(BUSINESS WIRE)--Atlantic Coast Financial Corporation (the "Company," NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"), today reported that on June 19, 2015, the Company reversed a valuation allowance of $8.5 million that had previously been recorded against the Company's deferred tax asset (the "DTA Transaction"). The reversal comes after the Company has posted several consecutive quarters of positive operating results and net income, and has complete
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