Coastal Financial Corporation Closes Public Offering Of Common Stock

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The Street

By GlobeNewswire EVERETT, Wash., Dec. 17, 2021 (GLOBE NEWSWIRE) — Coastal Financial Corporation (CCB) – Get Coastal Financial Corporation Report (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the closing of its underwritten public offering of 851,853 shares of its common stock at a price to the public of $40.50 per share, including 111,111 shares of common stock sold pursuant to the underwriters’ option to purchase additional shares, which was exercised in full. The aggregate gross proceeds of the offering were approximately $34.5 mi…

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