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Coastal Financial Q2 Earnings Call Highlights
['Kim Johansen']
Markets Daily
Coastal swept approximately $4.26 billion of deposits off balance sheet and generated about $1.2 million of sweep income during the quarter.
Coastal also announced that Soto will leave to become CEO of another financial institution that is neither a current partner nor competitor.
Finally, Sprink said Coastal is no longer actively pursuing an acquisition of assets and deposits from Evolve Bank & Trust.
About Coastal Financial (NASDAQ:CCB)Coastal Financial Corporation is a bank holding company whose principal subsidiary, Coastal Community Bank, provides a full range of community banking services to clients along North Carolina’s central and eastern coastline.
Through Coastal Community Bank, Coastal Financial offers deposit products including checking, savings, money market accounts and certificates of deposit.