Coastal Financial announces common stock offering, no amount given

Coastal Financial (CCB) Corporation announced the launch of a proposed underwritten public offering of shares of its common stock, no par value. The company intends to use the net proceeds from this offering for general corporate purposes, including, without limitation, supporting investment opportunities and the Bank’s growth. Keefe, Bruyette & Woods, a Stifel company, is serving as the lead bookrunning manager, Hovde Group, is serving as a joint bookrunning manager and Raymond James & Associates, and Stephens are serving as co-managers for the proposed offering.