Seacoast Commerce Bank (CCB) Announces $30M Stock Offering
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Coastal Financial Corporation Announces Public Offering of Common Stock
December 13, 2021 4:58 PM ESTEVERETT, Wash., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (Coastal or the Company), the holding company for Coastal Community Bank (the Bank), today announced the launch of an underwritten public offering of $30.0 million of its common stock. Coastal expects to grant the underwriters a 30-day option to purchase up to an additional $4.5 million of its common stock.
The Company intends to use the net proceeds from this offering for general corporate purposes, including, without limitation, supporting investment opportunities and the Banks growth.
Keefe, Bruyette & Woods, Inc. is serving as sole bookrunning manager and... More
