Atlantic BancGroup, Inc. is a bank holding company of its wholly owned subsidiary, Oceanside Bank (the Bank), a state-chartered commercial bank that operates as a community bank in East Duval and northeast St. Johns counties. The principal business of the Bank is to receive demand and time deposits from the public and to make loans and other investments. The Company manages Oceanside Bank as a locally owned and operated institution that emphasizes providing prompt, efficient and personalized service to individuals, small and medium-sized businesses, professionals and other local organizations. The Bank offers several deposit accounts, including demand deposit accounts, negotiable order of withdrawal accounts (NOW accounts), money market accounts, certificates of deposit and various retirement accounts.