CoastalSouth Bancshares (NYSE: COSO) redeems $15M debt notes due 2030

Rhea-AI Filing Summary

CoastalSouth Bancshares, Inc. redeemed all of its outstanding 5.95% Fixed to Floating Rate Subordinated Notes due 2030 on September 15, 2025. These subordinated notes were originally issued with a principal amount of $15,000,000.

The notes were redeemed at 100% of their principal amount, plus any accrued and unpaid interest up to but excluding the redemption date, in line with the original terms of the notes dated September 9, 2020. This transaction removes that subordinated debt from the company’s capital structure.

Insights

Bank capital structure analyst

CoastalSouth retires $15M of subordinated debt at par plus interest.

CoastalSouth Bancshares, Inc. has redeemed all of its 5.95% Fixed to Floating Rate Subordinated Notes due 2030, which were originally issued with $15,000,000 principal. The redemption on September 15, 2025 was executed at 100% of principal plus accrued and unpaid interest, consistent with the notes’ terms dated September 9, 2020.

Removing this subordinated debt eliminates future interest payments on these notes and simplifies the company’s capital stack, though the filing does not describe how the redemption was funded. The impact on regulatory capital ratios and earnings will depend on the company’s overall balance sheet and alternative funding sources, which are not detailed here.

Subsequent periodic reports can show how interest expense trends and capital ratios evolve after the redemption effective on September 15, 2025.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 15, 2025

COASTALSOUTH BANCSHARES, INC.

(Exact name of Registrant as Specified in Its Charter)

Georgia			001-42730	57-1184730
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
400 Galleria Parkway Suite 1900
Atlanta, Georgia				30339
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (678) 396-4605

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $1.00 per share		COSO		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On September 15, 2025, CoastalSouth Bancshares, Inc. redeemed all of its outstanding 5.95% Fixed to Floating Rate Subordinated Notes due 2030 (the “Subordinated Notes”). The Subordinated Notes were originally issued in the principal amount of $15,000,000. The Subordinated Notes were redeemed at a price equal to 100% of the principal amount plus any accrued and unpaid interest up to but excluding the redemption date of September 15, 2025, in accordance with the terms of the Subordinated Notes, dated September 9, 2020.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		CoastalSouth Bancshares, Inc.
Date: September 16, 2025		By:	/s/ Anthony P. Valduga
			Anthony P. Valduga
			Chief Financial Officer & Chief Operating Officer

FAQ

What did CoastalSouth Bancshares (COSO) announce in this 8-K filing?

CoastalSouth Bancshares, Inc. reported that it redeemed all of its outstanding 5.95% Fixed to Floating Rate Subordinated Notes due 2030 on September 15, 2025.

How large was the subordinated note issue redeemed by CoastalSouth Bancshares (COSO)?

The subordinated notes redeemed had been originally issued in a principal amount of $15,000,000.

At what price were CoastalSouth Bancshares’ 5.95% subordinated notes redeemed?

The notes were redeemed at a price equal to 100% of the principal amount plus any accrued and unpaid interest up to but excluding the September 15, 2025 redemption date.

What type of securities did CoastalSouth Bancshares (COSO) redeem?

The company redeemed its 5.95% Fixed to Floating Rate Subordinated Notes due 2030, which are a form of subordinated debt in its capital structure.

When were CoastalSouth Bancshares’ subordinated notes originally issued?

The subordinated notes were issued under terms dated September 9, 2020.

Who signed the CoastalSouth Bancshares (COSO) 8-K report for this debt redemption?

The report was signed on behalf of CoastalSouth Bancshares, Inc. by Anthony P. Valduga, Chief Financial Officer & Chief Operating Officer.