Coastal Financial (NASDAQ:CFCP)
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From Jun 2019 to Jun 2024
Coastal Financial Corporation (NASDAQ:CFCP) today announced that the
Corporation’s Board of Directors declared a
five cents ($0.05) per share dividend on the Company’s
common stock. The cash dividend will be payable April 20, 2007 to
Shareholders of record as of April 6, 2007.
Coastal Financial Corporation, headquartered in Myrtle Beach, South
Carolina, offers a broad range of commercial, consumer and mortgage
financial services through Coastal Federal Bank. Coastal Federal, with
$1.64 billion in consolidated assets, is a federally chartered and FDIC
insured Community bank with twenty-four offices serving the communities
of Horry and Georgetown Counties, South Carolina and Brunswick and New
Hanover Counties, North Carolina. Additional information about Coastal
Federal is available on its web site at http://www.coastalfederal.com.
Stock Trading Information
The common stock of Coastal Financial Corporation is traded on the
Nasdaq Stock Market under the symbol “CFCP.”
For information contact, Raymond James Financial Services at
1-843-918-7600.
Dividend Reinvestment and Direct Stock Purchase Plan
Coastal Financial Corporation offers Shareholders a Dividend
Reinvestment and Direct Stock Purchase Plan which provides existing and
new Shareholders a convenient means for making purchases of Coastal
Financial shares free of fees and brokerage commissions. Additional cash
contributions, up to $1,000 per quarter, can be made to purchase
additional shares. For more information, contact the Transfer Agent at
1-800-866-1340, Ext. 2514, or Investor Relations.
Shareholder Services
Shareholders desiring to enroll in the Coastal Financial Corporation
Dividend Reinvestment Plan, change the name, address, or ownership of
their stock certificates, report lost or stolen certificates, or to
consolidate accounts should contact the Transfer Agent at
1-800-866-1340, Ext. 2514, or Investor Relations.
Investor Relations
Analysts, investors and others seeking financial information should
contact:
Susan J. Cooke - Senior Vice President and Secretary
Coastal Financial Corporation
2619 Oak Street
Myrtle Beach, South Carolina 29577
(843) 205-2676
Forward Looking Statements
This report may contain certain “forward-looking
statements” within the meaning of Section 27A
of the Securities Exchange Act of 1934, as amended, that represent the
Company’s expectations or beliefs concerning
future events. All forward-looking statements are based on assumptions
and involve risks and uncertainties, many of which are beyond the Company’s
control and which may cause its actual results, performance or
achievements to differ materially from the results, performance or
achievements contemplated by the forward-looking statements.
Forward-looking statements can be identified by the fact that they do
not relate strictly to historical or current facts. They often include
words such as “believe,”
“expect,” “anticipate,”
“intend,” “plan,”
“estimate” or
words of similar meaning, or future or conditional verbs such as “will,”
“would,” “should,”
“could” or “may.”
Forward-looking statements speak only as of the date they are made. Such
risks and uncertainties include, among other things:
• Competitive pressures among depository and
other financial institutions in the Company’s
market areas may increase significantly.
• Adverse changes in the economy or business
conditions, either nationally or in the Company’s
market areas, could increase credit-related losses and expenses and/or
limit growth.
• Increases in defaults by borrowers and
other delinquencies could result in increases in the Company’s
provision for losses on loans and related expenses.
• The Company’s
inability to manage growth effectively, including the successful
expansion of the Company’s Customer support,
administrative infrastructure and internal management systems, could
adversely affect the Company’s results of
operations and prospects.
• Fluctuations in interest rates and market
prices could reduce the Company’s net
interest margin and asset valuations and increase expenses.
• The consequences of continued bank
acquisitions and mergers in the Company’s
market areas, resulting in fewer but much larger and financially
stronger competitors, could increase competition for financial services
to the Company’s detriment.
• The Company’s
continued growth will depend in part on its ability to enter new markets
successfully and capitalize on other growth opportunities.
• Changes in legislative or regulatory
requirements, or actions by the Securities and Exchange Commission (“SEC”),
the Financial Accounting Standards Board (“FASB”),
or the Public Company Accounting Oversight Board, applicable to the
Company and its subsidiaries could increase costs, limit certain
operations and adversely affect results of operations.
• Changes in tax requirements, including tax
rate changes, new tax laws and revised tax law interpretations may
increase the Company’s tax expense or
adversely affect its Customers’ businesses.
• Company initiatives now in place or
introduced in the future, not producing results consistent with historic
growth rates or results which justify their costs.
In light of these risks, uncertainties and assumptions, you should not
place undue reliance on any forward-looking statements in this report.
Except as may be required by applicable law or regulation, the Company
undertakes no obligation to publicly update or otherwise revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.