CFHI Coast Finl Hldgs (MM)

Coast Financial Holdings, Inc. Announces Promotions BRADENTON, Fla., Dec. 4 /PRNewswire-FirstCall/ -- The Board of Directors of Coast Financial Holdings, Inc. (CFHI) announced today that Brian P. Peters has been promoted to President and Chief Operating Officer of its banking subsidiary, Coast Bank of Florida. In addition, the Board announced that Brian F. Grimes has been promoted to Chief Financial Officer of Coast Bank of Florida. Mr. Gerald Anthony will remain President and Chief Executive Officer of CFHI and Mr. Peters will continue to serve as Chief Financial Officer and Corporate Secretary of CFHI. Shareholder relations contact information: Gerald L. Anthony or Brian P. Peters President and CEO Executive Vice President and CFO 941-345-1416 941-345-1419 The common stock of Coast Financial Holdings, Inc. is traded on the Nasdaq SmallCap under the trading symbol "CFHI." Through its banking subsidiary, Coast Bank of Florida, a Florida state-chartered bank, the Company operates four full-service banking locations in Manatee County, Florida. Coast Bank of Florida is a general commercial bank that provides full-service banking operations to its customers from its headquarters location and from branch offices in northwest Bradenton and on Longboat Key. Through its wholly owned subsidiary, Coast Financial Partners, Inc., Coast also provides asset and investment management services and insurance products to its customers. Coast is subject to examination and regulation by the Florida Department of Financial Services and the FDIC, and its deposits are insured by the FDIC to the full extent permitted by law. This press release contains certain forward-looking statements, including but not limited to statements relating to expected growth, earnings, revenues, results of operations, plans, objectives, future performance and future business operations. Such forward-looking statements reflect management's current expectations, beliefs, estimates and projections regarding the Company, its industry and future events, and are based upon certain assumptions made by management. These forward-looking statements are not guarantees of future performance and necessarily are subject to risks, uncertainties and other factors (many of which are outside the control of the Company) that could cause actual results to differ materially from those anticipated. Although we believe our expectations are based on reasonable assumptions and estimates, forward-looking statements involve known and unknown risks, uncertainties, contingencies and other factors that could cause our, or our industry's, actual results, level of activity, performance or achievement to differ materially from those discussed in or implied by any forward-looking statements made by or on behalf of the Company. These risks, uncertainties and other factors include, among others: changes in general economic or business conditions, either nationally or in the State of Florida, changes in the interest rate environment, risks associated with any increased competition, changes in the regulatory environment, the effectiveness and success of our operating initiatives and our ability to implement and manage our business plan and growth strategy and changes in monetary or fiscal policies. Any forward-looking statement speaks only to the date on which the statement is made, and the Company disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. DATASOURCE: Coast Financial Holdings, Inc. CONTACT: Gerald L. Anthony, President and CEO, +1-941-345-1416, or , or Brian P. Peters, Executive Vice President and CFO, +1-941-345-1419, or , both of Coast Financial Holdings Web site: http://www.coastbankflorida.com/

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