CCB 📈 Coastal Financial - Overview

Coastal Financial Corporation, the holding company for Coastal Community Bank, delivers a comprehensive suite of banking products and services tailored to the needs of small and medium-sized businesses, professionals, and individuals in the Puget Sound region of Washington. The bank's deposit offerings include a range of accounts such as demand and savings accounts, time deposits, and money market accounts, providing customers with flexibility and options to manage their finances effectively. By understanding the local market and its specific requirements, Coastal Community Bank has positioned itself as a key financial partner for the community, offering personalized services that cater to the diverse needs of its clientele.

The company's lending portfolio is equally diverse, featuring commercial and industrial loans that include term loans, commercial lines of credit, and working capital loans, among others. These are designed to support businesses in their growth and operational needs. Additionally, Coastal Financial Corporation offers real estate loans for both owner-occupied and non-owner-occupied properties, as well as construction and land development loans, recognizing the importance of real estate in the regional economy. For individuals, the bank provides residential real estate loans, consumer loans for automobiles, boats, and recreational vehicles, and personal lines of credit, including overdraft protection, aiming to cover a wide spectrum of personal financial needs.

Coastal Financial Corporation also invests in technology to enhance customer experience, offering remote deposit capture, online and mobile banking services, and direct and reciprocal deposit services. This digital approach enables customers to manage their finances efficiently and securely from anywhere. Furthermore, the bank issues debit cards, providing a convenient payment solution. For business clients, the company offers specialized services including business checking and savings accounts, treasury services, and Banking as a Service (BaaS), a platform that empowers broker-dealers and digital financial service providers to offer banking services to their customers, thereby expanding the reach of financial services in the community.

Founded in 1997 and headquartered in Everett, Washington, Coastal Financial Corporation has established itself as a significant player in the regional banking sector. With its website at https://www.coastalbank.com, the company provides easy access to information and services for its customers and investors. Listed with the ISIN US19046P2092 as a common stock, and categorized under the GICS Sub Industry of Regional Banks, Coastal Financial Corporation is committed to serving the financial needs of its community, fostering economic growth, and delivering value to its shareholders.