Coastal Financial Corporation awarded Raymond James Community Bankers Cup for 2022
May 09 2023 - 12:20PM
Coastal Financial Corporation (NASDAQ: CCB), the parent company of
Coastal Community Bank, was awarded the Raymond James Community
Bankers Cup for 2022. Coastal has received the award for the fourth
consecutive year.
The 11th annual Raymond James Community Bankers Cup recognizes
the top 10% of community banks based on various profitability,
operational efficiency, and balance sheet metrics. The pool of
banks considered for recognition includes all exchange-traded
domestic banks, excluding mutual holding companies and potential
acquisition targets, with assets between $500 million and $10
billion as of December 31, 2022.
"The Raymond James Community Bankers Cup is a prestigious award,
and to receive it for the fourth consecutive year is an incredible
honor," remarked Eric Sprink, CEO of Coastal Financial Corporation.
He continued, "Our success is due to the dedication and resilience
of the Coastal team, who have gone above and beyond in supporting
our communities and thousands of small businesses, expanding our
community bank, and developing our CCBX division.”
About Coastal Financial Corporation Coastal
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 March 31, 2023, we had total
assets of $3.45 billion, total gross loans, including loans held
for sale, of $2.84 billion, total deposits of $3.10 billion, and
total shareholders’ equity of $258.8 million. To learn more
about Coastal Community Bank visit www.coastalbank.com. Member
FDIC.
Contact:
Joel Edwards
EVP, Chief Financial Officer
425.357.3687
jedwards@coastalbank.com
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