Company Description
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington.
It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts.
The company also offers commercial and industrial loans, such as term loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, small business administration loans, and other loan products; owner and non-owner-occupied real estate loans, and multi-family residential loans; construction, land, and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as personal lines of credit, including overdraft protection.
In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services; and debit cards.
Further, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as Banking as a Service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their customers banking services.
Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.
| Country | United States |
| Founded | 1997 |
| IPO Date | Jul 18, 2018 |
| Industry | Banks - Regional |
| Sector | Financials |
| Employees | 507 |
| CEO | Eric Sprink |
Contact Details
Address: 5415 Evergreen Way Everett, Washington 98203-3646 United States | |
| Phone | 425 257 9000 |
| Website | coastalbank.com |
Stock Details
| Ticker Symbol | CCB |
| Exchange | NASDAQ |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001437958 |
| CUSIP Number | 19046P209 |
| ISIN Number | US19046P2092 |
| SIC Code | 6022 |
Key Executives
| Name | Position |
|---|---|
| Eric M. Sprink | Chief Executive Officer and Director |
| Curt T. Queyrouze | President |
| Joel G. Edwards | Executive Vice President, Chief Financial Officer and Corporate Secretary |
| Russell A. Keithley | Executive Vice President and Chief Banking Officer |
| Andrew G. Stines | Executive Vice President and Chief Risk Officer |
| Erika Heer | Executive Vice President and Chief Human Resources Officer |
| Jonathan E. Sand | Executive Vice President and Chief Credit Officer |
| Michael E. Culp | Executive Vice President and Chief Revenue Officer |
| Brian L. Ferrell | Executive Vice President and Head of Financial Crimes Compliance |
| Bill Rhodes | Executive Vice President and Chief Audit Executive |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Dec 12, 2024 | 8-K | Current Report |
| Dec 12, 2024 | 424B5 | Filing |
| Dec 10, 2024 | FWP | Free Writing Prospectus |
| Dec 10, 2024 | 424B5 | Filing |
| Nov 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 8, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 8, 2024 | 10-Q | Quarterly Report |
| Oct 28, 2024 | 8-K | Current Report |
| Oct 28, 2024 | 8-K | Current Report |
| Oct 22, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |