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CoastalSouth Bancshares, Inc. reports amended Schedule 13G ownership disclosures. The amendment shows certain EJF-related reporting persons collectively beneficially own 192,676 shares of Voting Common Stock, representing 1.6% of the class. The filing cites 12,035,531 shares outstanding as of May 6, 2026.
The disclosure states shared voting and dispositive power of 192,676 shares among EJF Capital LP, Emanuel J. Friedman, Neal J. Wilson, EJF Financial Services Fund and related entities, and clarifies organizational and attribution relationships among the reporting persons.
The amendment clarifies attribution across multiple EJF entities and principals, noting shared voting and dispositive power of 192,676 shares and citing 12,035,531 shares outstanding as of May 6, 2026. This is an ownership statement rather than an acquisition or disposition.
Counterparty cash flows are not addressed; timing and transaction details are not included. Subsequent filings would show transactional activity if it occurs.
Key Figures
Beneficial ownership:192,676 sharesPercent of class:1.6%Shares outstanding:12,035,531 shares+1 more
4 metrics
Beneficial ownership192,676 sharesshared voting and dispositive power reported on cover pages
Percent of class1.6%calculated from 12,035,531 shares outstanding as of May 6, 2026
Shares outstanding12,035,531 sharesoutstanding as of May 6, 2026 (source: Form 10-Q cited in filing)
CUSIP19058X207Voting Common Stock, $1.00 par value per share
"Each of Sidecar SFES and the Financial Services Fund is the beneficial owner"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared dispositive powerregulatory
"Shared Dispositive Power 192,676.00"
Schedule 13G/Aregulatory
"This Amendment No. 1 to is being filed on behalf of the following persons"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does EJF report in CoastalSouth Bancshares (COSO)?
EJF-related reporting persons report beneficial ownership of 192,676 shares, equal to 1.6% of the voting common stock. The percentage is calculated from 12,035,531 shares outstanding as of May 6, 2026 as cited in the filing.
Which entities and individuals are named as reporting persons?
The amendment is filed on behalf of EJF Capital LP, Emanuel J. Friedman, Neal J. Wilson, EJF Sidecar Fund, EJF Financial Services Fund, LP and EJF Financial Services GP, LLC, with address at 2107 Wilson Boulevard, Suite 410, Arlington, VA.
Does the Schedule 13G/A show sole voting control of the reported shares?
No. The cover pages list 0 shares of sole voting power and 192,676 shares of shared voting power and shared dispositive power for the named reporting persons, indicating shared control rather than sole control.
Is this filing an acquisition or a routine ownership disclosure?
This is an amended Schedule 13G disclosure clarifying beneficial‑ownership attribution; it reports holdings and organizational relationships rather than describing a purchase, sale, or change in proceeds. Transaction timing or consideration are not provided in the excerpt.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
CoastalSouth Bancshares, Inc.
(Name of Issuer)
Voting Common Stock, $1.00 par value per share
(Title of Class of Securities)
19058X207
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
19058X207
1
Names of Reporting Persons
EJF Capital LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
192,676.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
192,676.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
192,676.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.6 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: Based on 12,035,531 shares of voting common stock, par value $1.00 per share ("Voting Common Stock") outstanding as of May 6, 2026, as reported by CoastalSouth Bancshares, Inc. (the "Issuer") in its Form 10-Q filed with the U.S. Securities and Exchange Commission ("SEC") on May 8, 2026. See Item 4.
SCHEDULE 13G
CUSIP Number(s):
19058X207
1
Names of Reporting Persons
Emanuel J. Friedman
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
192,676.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
192,676.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
192,676.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.6 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Based on 12,035,531 shares of Voting Common Stock outstanding as of May 6, 2026, as reported by the Issuer in its Form 10-Q filed with the SEC on May 8, 2026. See Item 4.
SCHEDULE 13G
CUSIP Number(s):
19058X207
1
Names of Reporting Persons
Neal J. Wilson
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
192,676.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
192,676.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
192,676.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.6 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Based on 12,035,531 shares of Voting Common Stock outstanding as of May 6, 2026, as reported by the Issuer in its Form 10-Q filed with the SEC on May 8, 2026. See Item 4.
SCHEDULE 13G
CUSIP Number(s):
19058X207
1
Names of Reporting Persons
EJF Sidecar Fund, Series LLC - Small Financial Equities Series
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
19058X207
1
Names of Reporting Persons
EJF Financial Services Fund, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
192,676.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
192,676.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
192,676.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.6 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Based on 12,035,531 shares of Voting Common Stock outstanding as of May 6, 2026, as reported by the Issuer in its Form 10-Q filed with the SEC on May 8, 2026. See Item 4.
SCHEDULE 13G
CUSIP Number(s):
19058X207
1
Names of Reporting Persons
EJF Financial Services GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
192,676.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
192,676.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
192,676.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.6 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Based on 12,035,531 shares of Voting Common Stock outstanding as of May 6, 2026, as reported by the Issuer in its Form 10-Q filed with the SEC on May 8, 2026. See Item 4.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
CoastalSouth Bancshares, Inc.
(b)
Address of issuer's principal executive offices:
400 GALLERIA PKWY, Suite 1900, Atlanta, Georgia, 30339
Item 2.
(a)
Name of person filing:
This Amendment No. 1 to Schedule 13G is being filed on behalf of the following persons (the "Reporting Persons"):
(i) EJF Capital LP;
(ii) Emanuel J. Friedman;
(iii) Neal J. Wilson
(iv) EJF Sidecar Fund, Series LLC - Small Financial Equities Series ("Sidecar SFES");
(v) EJF Financial Services Fund, LP (the "Financial Services Fund"); and
(vi) EJF Financial Services GP, LLC
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each Reporting Person is:
2107 Wilson Boulevard
Suite 410
Arlington, VA 22201
(c)
Citizenship:
See Item 4 of the attached cover pages.
(d)
Title of class of securities:
Voting Common Stock, $1.00 par value per share
(e)
CUSIP No.:
19058X207
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See Item 9 of the attached cover pages.
(b)
Percent of class:
See Item 11 of the attached cover pages.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 5 of the attached cover pages.
(ii) Shared power to vote or to direct the vote:
See Item 6 of the attached cover pages.
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of the attached cover pages.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of the attached cover pages.
Each of Sidecar SFES and the Financial Services Fund is the beneficial owner of the number of shares of Voting Common Stock shown on Item 9 of their respective cover pages.
EJF Financial Services GP, LLC is the general partner of the Financial Services Fund and an investment manager of certain affiliates thereof and may be deemed to share beneficial ownership of the shares of Voting Common Stock of which the Financial Services Fund is the beneficial owner.
EJF Capital LP is the managing member of Sidecar SFES (and the investment manager of an affiliate thereof) and the sole member of EJF Financial Services GP, LLC, and may be deemed to share beneficial ownership of the shares of Voting Common Stock of which such entities may share beneficial ownership.
Emanuel J. Friedman and Neal J. Wilson, as the members and managers of EJF Capital LP, may be deemed to share beneficial ownership of the shares of Voting Common Stock over which EJF Capital LP may share beneficial ownership.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
EJF Capital LP
Signature:
/s/ Thomas Davison
Name/Title:
Thomas Davison, General Counsel
Date:
05/28/2026
Emanuel J. Friedman
Signature:
/s/ Emanuel J. Friedman
Name/Title:
Emanuel J. Friedman
Date:
05/28/2026
Neal J. Wilson
Signature:
/s/ Neal J. Wilson
Name/Title:
Neal J. Wilson
Date:
05/28/2026
EJF Sidecar Fund, Series LLC - Small Financial Equities Series
Signature:
/s/ Thomas Davison
Name/Title:
EJF CAPITAL LP, Its Managing Member, By: Thomas Davison, General Counsel
Date:
05/28/2026
EJF Financial Services Fund, LP
Signature:
/s/ Thomas Davison
Name/Title:
EJF FINANCIAL SERVICES GP, LLC, Its General Partner, By: EJF CAPITAL LP, Its Sole Member, By: Thomas Davison, General Counsel
Date:
05/28/2026
EJF Financial Services GP, LLC
Signature:
/s/ Thomas Davison
Name/Title:
EJF CAPITAL LP, Its Sole Member, By: Thomas Davison, General Counsel
