Coastal Financial Corporation (CCB)

50.15 +0.96 (+1.95%) At close: 04:00PM EDT

Coastal Financial Corporation

5415 Evergreen Way
Everett, WA 98203-3646
United States
425 257 9000
https://www.coastalbank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 507

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Eric M. Sprink	CEO & Director	1.28M	1.05M	1973
Mr. Curt T. Queyrouze	President	732.06k	N/A	1962
Mr. Joel G. Edwards	Executive VP, CFO & Corporate Secretary	564.09k	73.3k	1960
Mr. Russell A. Keithley	Executive VP & Chief Banking Officer	451.41k	N/A	1966
Mr. Andrew G. Stines	Executive VP & Chief Risk Officer	434.72k	N/A	1971
Ms. Erika Heer	Executive VP & Chief Human Resources Officer	N/A	N/A	N/A
Mr. Jonathan E. Sand	Executive VP & Chief Credit Officer	N/A	N/A	1971
Mr. Michael E. Culp	Executive VP & Chief Revenue Officer	N/A	N/A	1989
Mr. Brian L. Ferrell	Executive VP & Head of Financial Crimes Compliance	N/A	N/A	1962
Mr. Bill Rhodes	Executive VP & Chief Audit Executive	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company also offers commercial and industrial loans, such as term loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, small business administration loans, and other loan products; owner and non-owner-occupied real estate loans, and multi-family residential loans; construction, land, and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as personal lines of credit, including overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services; and debit cards. Further, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as Banking as a Service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their customers banking services. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.

Corporate governance

Coastal Financial Corporation’s ISS governance QualityScore as of 1 September 2024 is 8. The pillar scores are Audit: 9; Board: 9; Shareholder rights: 9; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.