Seacoast Commerce Bank (CCB) Prices 740K Share Offering at $40.50/sh

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

December 13, 2021 4:59 PM EST

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... More