SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: April 14, 2000
ATLANTIC BANCGROUP, INC.
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(Exact Name of Registrant as Specified in Charter)
Florida 59-3543956
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(State or other jurisdiction) (IRS Employer Identification No.)
001-15061
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(Commission File Number)
710 North Third Street, Jacksonville Beach, Florida 32250
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(Address of Principal Executive Offices) (Zip Code)
(904) 247-9494
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(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events
Atlantic BancGroup, Inc. issued the following Press Release on April
14, 2000:
JACKSONVILLE BEACH, FLORIDA: Donald F. Glisson, Jr. the
Chairman of the Board of Atlantic BancGroup, Inc., announced today
that the Company's President and Chief Executive Officer, M. Michael
Witherspoon, who also served as the Chairman of the Board for
Oceanside Bank, has tendered his resignation, citing personal and
business reasons. Mr. Witherspoon's resignation is effective
immediately. Chairman Glisson stated that the Board of Directors and
Management appreciate all of Mr. Witherspoon's efforts and vision in
the creation and organization of Oceanside Bank and the formation of
the Bank's holding company, Atlantic BancGroup, Inc. Mr. Witherspoon
has put together a solid group of Directors who are dedicated to
maintaining Oceanside Bank as the premier community bank in
Jacksonville Beach and Neptune Beach, Florida. Chairman Glisson
stated that the Board of Directors has appointed Director Barry W.
Chandler, as Acting President/CEO for Atlantic BancGroup, Inc. Mr.
Chandler will continue to serve as President and Chief Executive
Officer of Oceanside Bank. Oceanside Bank has offices located at
1315 South Third Street, Jacksonville Beach, Florida, and 560
Atlantic Boulevard, Neptune Beach, Florida.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ATLANTIC BANCGROUP, INC.
Date: April 14, 2000 /s/ David L. Young
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David L. Young
Corporate Secretary
