Coastal Financial Corporation Myrtle Beach, South Carolina; Announces an Increase in Quarterly Cash Dividend
2005年9月22日 - 3:47AM
ビジネスワイヤ(英語)
Coastal Financial Corporation (NASDAQ:CFCP) today announced that
the Corporation's Board of Directors declared a five cent ($0.05)
per share dividend on the Company's common stock. The cash dividend
will be payable October 26, 2005 to Shareholders of record as of
October 12, 2005. 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 with over $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 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. 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: -0- *T Susan
J. Cooke - Senior Vice President and Secretary Coastal Financial
Corporation 2619 Oak Street Myrtle Beach, South Carolina 29577
(843) 205-2676 *T 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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