Coastal Financial Corporation Announces Appointment of New Directors
2005年9月22日 - 3:46AM
ビジネスワイヤ(英語)
Coastal Financial Corporation (NASDAQ:CFCP) today announced that
the Corporation's Board of Directors, at a meeting held on
September 21, 2005, appointed William O. Marsh, President of
Palmetto Chevrolet and W. Cecil Worsley, III, President and Chief
Executive Officer of The Worsley Companies to its Board of
Directors. Messrs. Marsh and Worsley have been appointed to terms
expiring in 2006 and 2008, respectively. Michael C. Gerald,
President and Chief Executive Officer of Coastal Financial
Corporation, said, "Our continued growth and development over the
years is the result of many things, not the least of which is an
exceptional Board of Directors. We are extremely pleased to
announce the addition of Bill and Cecil to our Board and look
forward to the unique experience, insight and leadership they will
bring." 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 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.
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