Welcome to our dedicated page for Coastalsouth Ban news (Ticker: COSO), a resource for investors and traders seeking the latest updates and insights on Coastalsouth Ban stock.
CoastalSouth Bancshares, Inc. (OTCQX: COSO) delivers community banking services and specialized lending solutions through Coastal States Bank. This news hub provides investors and stakeholders with official updates spanning financial performance, strategic initiatives, and market developments.
Access timely announcements including quarterly earnings, leadership appointments, and regulatory filings. Track COSO's expansion in government-backed lending programs and senior housing financing – key drivers of its national specialty lending operations.
Our curated news collection features press releases on branch network growth in Southeastern markets, updates on marine lending programs, and analysis of banking sector trends impacting COSO's operations. Bookmark this page for verified information directly from corporate sources, ensuring you stay informed about this regional financial services provider.
Coastal States Bank (COSO) has announced significant changes to its senior leadership team. Rhonda Thornton has been appointed as Chief Retail and Experience Officer, overseeing retail operations across Lowcountry, Savannah, and Atlanta Regions. Additionally, Brian Smith has been promoted to Coastal Regional President, while Jeremy Summerell joins as Savannah Market President.
Diana McDougall, a founding member since 2004, will transition from Lowcountry Regional President to Community Engagement Officer. These strategic appointments aim to strengthen CSB's leadership structure and enhance client experience while supporting the bank's growth initiatives across its key markets.
CoastalSouth Bancshares (NYSE:COSO) reported strong Q2 2025 financial results with net income of $6.0 million, or $0.57 per diluted share, up from $5.1 million in Q1 2025. The company recently completed its IPO, raising $34.0 million through the sale of 1.7 million shares at $21.50 per share.
Key highlights include net interest margin expansion to 3.46%, loan growth of 15.0% annualized, and improved deposit metrics. Total assets reached $2.22 billion, with gross loans held for investment at $1.53 billion. Credit quality remained solid with net charge-offs at 0.06% and nonperforming assets at 0.66% of total assets.
The bank strengthened its team by adding four commercial bankers and two business development officers, positioning itself for continued growth in H2 2025.
Coastal States Bank (COSO) has appointed Scott Hall as Senior Vice President and Commercial Banker, focusing on the Alpharetta and North Fulton market. Hall brings over 25 years of commercial banking experience in Metro Atlanta and will be responsible for acquiring and growing commercial client relationships in Atlanta's northern communities.
Hall's educational background includes degrees from The University of Georgia, Piedmont College, and the Graduate School of Banking at LSU. He has completed leadership programs including Leadership North Fulton and Leadership Forsyth, and has been involved with the Georgia Bankers Association and Risk Management Association.
Coastal States Bank (CSB) has announced the appointment of Terence Lewis as Senior Vice President, Commercial Banker for the Atlanta region. Lewis brings over 25 years of commercial banking experience in the Atlanta market and will focus on acquiring and supporting business client relationships across South Fulton and Atlanta.
According to Gary Dowell, CSB's Atlanta Regional President, Lewis's deep community commitment and expertise in providing tailored banking solutions will be valuable for client success. Lewis serves as an advisory board member for Frontline Response and holds degrees from Georgia State University and the Graduate School of Banking at LSU, along with completing Leadership Georgia.
Coastal States Bank (CSB) announced the appointment of Gavin Shook as Senior Vice President, Commercial Banker for its Atlanta Region.
With over 20 years of experience in commercial banking and extensive knowledge of the Atlanta market, Gavin will focus on acquiring and expanding commercial client relationships.
Gavin is an alumnus of Georgia Southern University and the Georgia Banking School at the University of Georgia.
CSB's Atlanta Regional President, Gary Dowell, welcomed Gavin, highlighting his alignment with CSB's commitment to relationship banking.
Coastal States Bank (CSB) announces the appointment of Makisha Gann as Vice President and Community Banker in the Atlanta region. With over 20 years in retail banking, Gann is expected to enhance customer service and community relationships. CSB's President, Gary Dowell, expressed excitement about her joining the team, highlighting her experience and commitment to clients. CSB operates in various locations, including Hilton Head Island, Bluffton, Savannah, and Atlanta, with total assets amounting to approximately $1.9 billion. CSB is a subsidiary of CoastalSouth Bancshares, Inc. (OTCQX: COSO).
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