Coastal Financial Corporation Announces U.S. Banker Magazine Rankings for 2005
2005年8月5日 - 5:23AM
PRニュース・ワイアー (英語)
MYRTLE BEACH, S.C., Aug. 4 /PRNewswire-FirstCall/ -- Coastal
Financial Corporation (NASDAQ:CFCP) today announced that, for the
6th consecutive year, U.S. Banker Magazine, in its August 2005
edition, has ranked it the #1 Community Bank in the Carolinas. In
this edition, U.S. Banker Magazine featured its Ranking of the Top
100 Publicly Traded Banks. This ranking features Banks with assets
less than $10 billion, ranked by 3-year average Return On Average
Equity. Coastal Financial Corporation was ranked 29th nationally in
this listing. Michael C. Gerald, President and Chief Executive
Officer of Coastal Financial Corporation, said: "Over the fifteen
years since becoming a publicly owned Company, all of us at Coastal
Financial Corporation have worked diligently toward achieving our
Basic Corporate Objective of Maximizing The Value Of Our
Shareholders' Investment by focusing on our Long-Term Goal of Being
The Best Financial Services Company In Our Marketplace. To receive
continuing evidence of progress in those quests is very gratifying.
In the U.S. Banker Magazine rankings of the top 100 Publicly Traded
Community Banks over the past several years, among banks with
assets less than $1 billion, Coastal Financial Corporation was
ranked 1st in the Carolinas and 16th in the nation in 2000, 1st in
the Carolinas and 5th in the nation in 2001 and 1st in the
Carolinas and 3rd in the nation in 2002. In its ranking of the top
Publicly Traded Mid-Tier Banks, with assets between $1 and $15
billion, Coastal Financial was ranked 1st in the Carolinas and 39th
in the nation in 2003 and 1st in the Carolinas and 30th in the
nation in the 2004 edition. It is particularly gratifying to have
been ranked 1st in the Carolinas and 29th in the nation this year
in the company of this new group of exceptionally high performing
Mid-Tier banks." 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 $1.5 billion in assets,
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, Inc.
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. 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. 2511, 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. 2511, 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. 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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