John Dickson Retires as Chief Operating Officer
April 03 2023 - 1:00PM
Coastal Financial Corporation (Nasdaq: CCB), the bank holding
company for Coastal Community Bank, announced that John Dickson has
retired from his role as Chief Operating Officer of the Bank. Mr.
Dickson will continue part-time with the Bank in an advisory role
for a period of time to ensure a smooth transition.
The addition of President Curt Queyrouze in 2022 was part of
ongoing succession planning at the Bank in anticipation of
Dickson’s departure.
“John has been key in building out our Banking as a Service
team, CCBX,” said CEO Eric Sprink. “From the inception of CCBX,
John has ensured that we have a wide depth of expertise and
knowledge within the Bank, which positions us for this transition.
While we will miss John and the skills and insights he brought to
the Bank, he leaves us prepared to move forward.”
Dickson joined the Bank in 2010. Prior to joining the Bank, he
served in various roles for Frontier Financial Corporation and
Frontier Bank from 1985 to 2010, serving as President of Frontier
Bank from 2008 to 2010. He received a bachelor’s degree in
economics from the University of Puget Sound and graduated with
honors from the Graduate School of Banking at the University of
Wisconsin-Madison. John practiced accounting as a CPA for three
years in the audit division of a large accounting firm and is a
past Chairman of the Washington Bankers Association.
About Coastal Financial CorporationCoastal
Financial Corporation (NASDAQ: CCB), is an Everett,
Washington-based Bank holding company with Coastal Community Bank
(the “Bank”) a full-service commercial bank, as its sole wholly
owned banking subsidiary. The Bank operates through its 14 branches
in Snohomish, Island, and King Counties, the Internet, and its
mobile banking application. The Bank, through its CCBX division,
provides banking as a service (“BaaS”) that allows our
broker-dealer and digital financial service partners to offer their
customers banking services. As of December 31, 2022, we had total
assets of $3.14 billion, total gross loans, including loans held
for sale, of $2.63 billion, total deposits of $2.82 billion, and
total shareholders’ equity of $243.5 million. To learn more
about Coastal Community Bank visit www.coastalbank.com. Member
FDIC.
Forward Looking StatementsThis press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect our current views with respect
to, among other things, future events and our financial
performance. Any statements about our management’s expectations,
beliefs, plans, predictions, forecasts, objectives, assumptions or
future events or performance are not historical facts and may be
forward-looking. Words or phrases such as “anticipate,” “believes,”
“can,” “could,” “may,” “predicts,” “potential,” “should,” “will,”
“estimate,” “plans,” “projects,” “continuing,” “ongoing,”
“expects,” “intends” and similar words or phrases are intended to
identify forward-looking statements but are not the exclusive means
of identifying such statements. Any or all of the forward-looking
statements in this press release may turn out to be inaccurate. The
inclusion of or reference to forward-looking information in this
press release should not be regarded as a representation by us or
any other person that the future plans, estimates or expectations
contemplated by us will be achieved. We have based these
forward-looking statements on our current expectations and
projections about future events and financial trends that we
believe may affect our financial condition, results of operations,
business strategy, and financial needs. Our actual results could
differ materially from those anticipated in such forward-looking
statements as a result of risks, uncertainties and assumptions that
are difficult to predict. Factors that could cause actual results
to differ materially from those in the forward-looking statements
include, without limitation, the risks and uncertainties discussed
under “Risk Factors” in our Annual Report on Form 10-K for the most
recent period filed, our Quarterly Report on Form 10-Q for the most
recent quarter, and in any of our other filings with the SEC.
If one or more events related to these or other risks or
uncertainties materialize, or if our underlying assumptions prove
to be incorrect, actual results may differ materially from what we
anticipate. You are cautioned not to place undue reliance on
forward-looking statements. Further, any forward-looking statement
speaks only as of the date on which it is made and we undertake no
obligation to update or revise any forward-looking statement to
reflect events or circumstances after the date on which the
statement is made or to reflect the occurrence of unanticipated
events, except as required by law.
Contact:
Joel Edwards
Chief Financial Officer
425.357.3687
JEdwards@coastalbank.com
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