Coastal Financial Corporation Announces Intended Stock Transactions by President and Chief Executive Officer
2005年2月17日 - 4:33AM
PRニュース・ワイアー (英語)
Coastal Financial Corporation Announces Intended Stock Transactions
by President and Chief Executive Officer MYRTLE BEACH, S.C., Feb.
16 /PRNewswire-FirstCall/ -- Coastal Financial Corporation
(NASDAQ:CFCP) today announced that Michael C. Gerald, President and
Chief Executive Officer, intends to sell in periodic open market
transactions and gift in other transactions up to 35,000 shares of
Coastal Financial Corporation common stock during calendar year
2005. According to Mr. Gerald, the purpose of the intended
transactions, which equal approximately 23% of his holdings of
Coastal Financial Corporation common stock, is personal tax
planning, philanthropy, gifting and estate planning. Coastal
Financial Corporation, headquartered in Myrtle Beach, South
Carolina, offers a broad range of commercial, consumer and mortgage
financial services through two subsidiaries, Coastal Federal Bank
and Coastal Retirement, Estate and Tax Planners, Inc. Coastal
Federal Bank, with assets over $1.3 Billion, is a federally
chartered and FDIC insured community bank with nineteen offices
serving the communities of Horry and Georgetown Counties, South
Carolina and Brunswick and New Hanover Counties, North Carolina.
Coastal Retirement, Estate and Tax Planners offers professional,
objective, fee-based financial planning services. Additional
information about Coastal Federal is available on its web site at
http://www.coastalfederal.com/ . Stock Trading Information The
common stock of Coastal Financial Corporation is traded on the
Nasdaq Stock Market under the symbol "CFCP." For information,
contact Raymond James Financial Services at 1-843-918-7600, Herzog,
Heine, Geduld, Inc. at 1-800-523-4936, Knight Securities at
212-336-8690, Spear, Leeds & Kellogg at 1-800-526-3160 or
Trident Securities at 1-800-222-2618. Dividend Reinvestment and
Direct Stock Purchase Plan Coastal Financial Corporation offers
Shareholders a Dividend Reinvestment and Direct Stock Purchase Plan
which provides existing and new Shareholders a convenient means for
making purchases of Coastal Financial shares free of fees and
brokerage commissions. Additional cash contributions, up to $1,000
per quarter, can be made to purchase additional shares. For more
information, contact the Transfer Agent at 1-800-866-1340, Ext.
2514, or Investor Relations. Shareholder Services Shareholders
desiring to enroll in the Coastal Financial Corporation Dividend
Reinvestment Plan, change the name, address, or ownership of their
stock certificates, report lost or stolen certificates, or to
consolidate accounts should contact the Transfer Agent at
1-800-866-1340, Ext. 2514, or Investor Relations. Investor
Relations Analysts, investors and others seeking financial
information should contact: Susan J. Cooke - Senior Vice President
and Secretary Coastal Financial Corporation 2619 Oak Street Myrtle
Beach, South Carolina 29577 (843) 205-2676 Forward Looking
Statements This news release may contain certain "forward-looking
statements" within the meaning of Section 27A of the Securities
Exchange Act of 1934, as amended, that represent Coastal Financial
Corporation's (the "Company") expectations or beliefs concerning
future events. Such forward-looking statements are about matters
that are inherently subject to risks and uncertainties. Factors
that could influence the matters discussed in certain
forward-looking statements include the timing and amount of
revenues that may be recognized by the Company, continuation of
current revenue and expense trends (including trends affecting
charge-offs), absence of unforeseen changes in the Company's
markets, legal and regulatory changes, and general changes in the
economy (particularly in the markets served by the Company).
Because of the risks and uncertainties inherent in forward looking
statements, readers are cautioned not to place undue reliance on
them, whether included in this news release or made elsewhere from
time to time by the Company or on its behalf. Except as may be
required by applicable law or regulation, the Company disclaims any
obligation to update such forward-looking statements. DATASOURCE:
Coastal Financial Corporation CONTACT: Susan J. Cooke - Senior Vice
President and Secretary of Coastal Financial Corporation,
+1-843-205-2676 Web site: http://www.coastalfederal.com/
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