Coastal Financial Corporation (CCB)

42.91 -0.27 (-0.63%) 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: 482

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Eric M. Sprink	CEO & Director	1.28M	N/A	1973
Mr. Curt T. Queyrouze	Pres	719.43k	N/A	1962
Mr. Joel G. Edwards	Exec. VP, CFO & Corp. Sec.	584.35k	N/A	1960
Ms. Erika Heer	Exec. VP & Chief HR Officer	N/A	N/A	N/A
Mr. Russell A. Keithley	Exec. VP & Chief Banking Officer	N/A	N/A	1966
Ms. Laura L. Byers	Chief Digital Banking Officer & Exec. VP	N/A	N/A	1957
Jon Sand	Exec. VP & Chief Credit Officer	N/A	N/A	N/A
Mr. Tyler Ferguson	Exec. VP & Chief Credit Officer of CCBX	N/A	N/A	N/A
Mr. Andrew Stines	Exec. VP & Chief Risk Officer	N/A	N/A	N/A
Mr. Michael Culp	Sr. VP & Chief Revenue Officer	N/A	N/A	N/A

Amounts are as of 31 December 2022, 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 to 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, small business administration loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, and other loan products; owner-occupied and non-owner-occupied real estate loans, and multi-family residential loans; construction 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 overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services, as well as 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, 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 28 September 2023 is 8. The pillar scores are Audit: 6; Board: 9; Shareholder rights: 9; Compensation: 6.

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.