Coastal Financial Corporation Announces Fourth Quarter 2024 ResultsEVERETT, Wash., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”, "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the “Bank”), through which it operates a community-focused bank with an industry leading banking as a service ("BaaS") segment, today reported unaudited financial results for the quarter ended December 31, 2024, including net income of $13.4 million, or $0.94 per diluted common share, compared to $13.5 million, or $0.97 per diluted common share, for the three months ended September 30, 2024 and $45.2 million, or $3.26 per diluted common share, for the year ended December 31, 2024, compared to $44.6 million, or $3.27 per diluted common share for the year ended December 31, 2023.
Coastal Financial Corporation Prices Public Offering of Common StockEVERETT, Wash., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (
NASDAQCCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the pricing of an underwritten public offering of 1,200,000 shares of its common stock, no par value per share (the "Common Stock"), at a price to the public of $71.00 per share. Coastal also granted the underwriters a 30-day option to purchase up to an additional 180,000 shares of its Common Stock sold in this offering at the public offering price, less underwriting discounts and commissions.
Coastal Financial Corporation Announces Proposed Public Offering of Common StockEVERETT, Wash., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (
NASDAQCCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the launch of a proposed underwritten public offering of shares of its common stock, no par value. Coastal expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of its Common Stock sold in this offering at the public offering price, less underwriting discounts and commissions.
Coastal Financial Corporation Announces Third Quarter 2024 ResultsEVERETT, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”, "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the “Bank”), through which it operates a community-focused bank with an industry leading banking as a service ("BaaS") segment, today reported unaudited financial results for the quarter ended September 30, 2024, including net income of $13.5 million, or $0.97 per diluted common share, compared to $11.6 million, or $0.84 per diluted common share, for the three months ended June 30, 2024.
Coastal Community Bank Appoints President of CCBX DivisionEVERETT, Wash., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), and its subsidiary, Coastal Community Bank (the “Bank”), announced that its role of President of the Bank is to be bifurcated to accommodate the Bank’s growth and plans for the future. The Bank announced the appointment of Brian Hamilton as President of CCBX, the FinTech and banking-as-a-service division of the Bank. Mr. Hamilton is a current member of the Company’s Board of Directors. In connection with the reorganization of the role of the President, the Bank also announced that Curt Queyrouze, the President of the Company and the Bank, will serve as President of the community bank division and will be responsible for leading the community bank and corporate credit.
Jason Wingo Joins Coastal Community Bank as Head of BSA/AML Strategy and Solution ManagementEVERETT, Wash., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that Jason Wingo has joined the Bank as Senior Vice President, Head of Bank Security Act (BSA) and Anti-Money Laundering (AML) Strategy and Solution Management. He reports to Brian Ferrell, EVP, Head of Financial Crimes.
Brian Hamilton Joins Coastal Financial Corporation Board of DirectorsEVERETT, Wash., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank announced that Brian Hamilton has joined its Board of Directors.
Coastal Community Bank Adds to Executive LeadershipEVERETT, Wash., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that Brian Ferrell has joined the Bank as Executive Vice President, Head of Financial Crimes Compliance, and Bill Rhodes has joined as Executive Vice President, Chief Audit Executive.
Coastal Community Bank is making its first move towards the Metaverse with 3D Game and MarketplaceEVERETT, Wash., June 20, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the Bank holding company for Coastal Community Bank, is making its first move towards the Metaverse. The Bank Holding Company revealed Coastal World, an immersive 3D web platform that promotes, educates, and informs visitors about digital banking solutions that best fit their lifestyle, values, or specific financial situations through a fun and engaging online experience.
Coastal Financial Corporation awarded Raymond James Community Bankers Cup for 2022EVERETT, Wash., May 09, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (
NASDAQCCB), the parent company of Coastal Community Bank, was awarded the Raymond James Community Bankers Cup for 2022. Coastal has received the award for the fourth consecutive year.
John Dickson Retires as Chief Operating OfficerEVERETT, Wash., April 03, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that John Dickson has retired from his role as Chief Operating Officer of the Bank. Mr. Dickson will continue part-time with the Bank in an advisory role for a period of time to ensure a smooth transition.
Barb MacLean Joins Coastal Community Bank as Head of TechEVERETT, Wash., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that Barb MacLean has joined the Bank as Senior Vice President, Head of Technology Operations and Implementation.
Coastal Financial Corporation CEO To Exercise Options and Enter Into Rule 10b5-1 PlanEVERETT, Wash., Nov. 21, 2022 (GLOBE NEWSWIRE) -- On November 21, 2022, Coastal Financial Corporation (the “Company”) announced that Eric Sprink, CEO, intends to exercise vested options relating to 190,001 shares of the Company’s common stock for personal long-term financial and tax planning purposes. The options were granted in 2013 and expire in April 2023. After exercising his options, Mr. Sprink intends to enter into a pre-arranged stock trading plan.
Coastal Financial Corporation Completes Private Placement of $20 million of Subordinated NotesEVERETT, Wash., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (
NASDAQCCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the completion of its private placement of $20 million in fixed-to-floating rate subordinated notes due November 1, 2032 (the “Notes”).
Coastal Financial Corporation earns Piper Sandler Sm-All Stars Class Award for the 4th consecutive yearEVERETT, Wash., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (
NASDAQCCB), the parent company of Coastal Community Bank, has been named to the Piper Sandler Bank & Thrift Sm-All Stars Class of 2022 and one of two banks to receive the award for the fourth consecutive year.
