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. (NYSE: COSO), the holding company for Coastal States Bank, regularly issues news and updates that reflect its activities as a commercial banking organization headquartered in Atlanta, Georgia. Through its South Carolina state‑chartered subsidiary, the company focuses on relationship‑driven banking for businesses, real estate professionals, and consumers.
News for CoastalSouth Bancshares and Coastal States Bank often includes quarterly earnings announcements and discussions of results of operations and financial condition, as seen in company press releases that are also referenced in Form 8‑K filings. These updates provide insight into net income, net interest income, loan production, deposit trends, and credit quality metrics as reported by the company.
In addition to financial results, the company frequently announces leadership and personnel changes at Coastal States Bank, such as appointments of market presidents, regional leaders, and senior commercial bankers. These releases highlight the bank’s efforts to support growth in its core community banking markets in the Lowcountry of South Carolina, Savannah, and the Atlanta metropolitan area, as well as to strengthen specialized business lines.
Other news items describe the bank’s focus on commercial real estate lending, business banking, and its specialty lines of business, including Government Guaranteed Lending, Senior Housing, Correspondent Marine or Marine Lending, and Mortgage Banker Finance. Together, these articles give investors and clients a view into how the company is developing its community banking presence and specialty lending activities.
Investors, analysts, and customers can use this news feed to follow CoastalSouth Bancshares, Inc. and Coastal States Bank across earnings cycles, leadership updates, and strategic developments in their community and specialty banking operations.
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).
CoastalSouth Bancshares (OTC-PINK:COSO) announced the completion of a private placement of common stock, raising approximately
Coastal States Bank (CSB) announced the appointment of Cory Burdette as the Senior Vice President for its new Financial Institutions Group on November 1, 2022. Burdette brings over 15 years of banking experience, previously serving at Atlantic Capital Bank and BBVA Compass. CSB aims to leverage his expertise to enhance relationships with other financial institutions in the Southeast. As of September 30, 2022, CSB reported total assets of approximately $1.72 billion.
CoastalSouth Bancshares announced the successful acquisition of Cornerstone Bancshares, enhancing its presence in the Atlanta market. With Cornerstone's deposits around $201.5 million as of June 30, 2021, this transaction elevates CoastalSouth to the 25th largest bank by deposit market share in the Atlanta MSA, totaling over $550 million. CoastalSouth emphasizes commitment to local communities and exceptional customer experience during the integration process. As of October 1, 2021, CoastalSouth had approximately $1.6 billion in total assets.
Coastal States Bank (CSB) has appointed Nicole Klein as Senior Vice President and Private Banker for the Atlanta Region, effective September 9, 2021. With over 30 years of banking expertise, Klein will focus on private banking for individuals and businesses. Gary Dowell, Atlanta Regional President, expressed enthusiasm for Klein's community commitment and professional experience. As of April 1, 2021, CSB reported approximately $1.2 billion in total assets, serving various locations including South Carolina, Savannah, and Atlanta.
Coastal States Bank announced the appointment of Tre' Luckett as Vice President and Business Development Officer in its Government Guaranteed Lending Team. With nearly 20 years of experience, Luckett specializes in SBA 7A loans and franchise relationships, previously holding roles at CIT, Evolve Bank & Trust, and First Bank. CSB, which has approximately $1.2 billion in total assets as of April 2021, aims to strengthen its team with Luckett's expertise. The bank provides a full range of services for businesses and individuals across various locations.
CoastalSouth Bancshares and Coastal States Bank appointed L. Scott Askins to its Board of Directors. Askins brings over 20 years of executive experience across FinTech, SaaS, and Healthcare, having executed over 50 strategic transactions. She is currently the General Counsel and Chief Compliance Officer at Kabbage and has previously held executive roles at Premiere Global Services. Her expertise focuses on corporate finance, governance, and risk management. As of March 31, 2021, Coastal States Bank had approximately $1.2 billion in total assets.
Coastal States Bank (COSO) announces the appointment of Eric Rivenbark as the new Commercial Banking Team Leader for the Atlanta region. With 20 years of experience in community banking, Rivenbark focuses on fostering strong client relationships. His educational background includes a Bachelor's in Business Administration & Finance from the University of Georgia and ongoing studies at the Graduate School of Banking at LSU. As of April 1, 2021, CSB reported approximately $1.2 billion in total assets, serving various communities through multiple banking services.
CoastalSouth Bancshares has announced a definitive merger agreement with Cornerstone Bancshares, enhancing its presence in the Atlanta market. The merger, unanimously approved by both boards, is set to close in Q3 2021. Following the merger, CoastalSouth is expected to have over $500 million in total deposits in the Atlanta MSA. This strategic move aims to accelerate growth and improve services for clients and shareholders alike. CoastalSouth operates through Coastal States Bank, with total assets of $1.2 billion as of March 31, 2021.
Coastal States Bank (CSB) is set to open two new branches in Sandy Springs and Alpharetta in Spring 2021, enhancing its service in the Atlanta metro area. The Sandy Springs branch will occupy the former Starbucks location on Roswell Road, with renovations concluding by late May. The Alpharetta branch will be situated at Northwinds Summit off Haynes Bridge Road. CSB aims to leverage its talented team of commercial bankers in these growing communities. As of December 31, 2020, CSB reported approximately $1.15 billion in total assets.