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Coastal Carolina Bancshares (OTCQX:CCNB) and Beacon Holding Company (OTCQB:BCON) agreed to a stock-for-stock merger of equals, creating the third-largest publicly traded community bank holding company headquartered in South Carolina.
The combined company will have about $2.2 billion in assets, roughly $200 million market cap, and 16 branches plus a loan production office from Wilmington, NC to the South Carolina upstate. The holding company will keep the CCNB ticker and be based in Charleston, while the bank will be rebranded Beacon Bank, N.A., headquartered in Myrtle Beach. Closing is targeted for Q3–Q4 2026, with Beacon shareholders receiving 0.736 shares of CCNB for each Beacon share.