Seacoast Commerce Bank (CCB) Announces $30M Stock Offering

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Go back to Seacoast Commerce Bank (CCB) Announces $30M Stock Offering

Coastal Financial Corporation Announces Public Offering of Common Stock

December 13, 2021 4:58 PM EST

EVERETT, 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