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Coastal Community Bank Appoints President of CCBX Division

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Coastal Financial (Nasdaq: CCB) announced a reorganization of its leadership structure. Brian Hamilton, a current board member, has been appointed as President of CCBX, the FinTech and banking-as-a-service division of Coastal Community Bank. Concurrently, Curt Queyrouze, the current President of the Company and Bank, will now serve as President of the community bank division, overseeing community banking and corporate credit.

CEO Eric Sprink emphasized that this bifurcation of the President role is designed to accommodate the Bank's growth and future plans. Hamilton brings over 25 years of experience in banking, lending, payments, and digital product development, having held senior roles at Capital One, Wells Fargo, and Verifone. The reorganization aims to leverage Hamilton's expertise to bolster the banking-as-a-service division while maintaining Coastal's strong community banking presence in the Puget Sound region.

Coastal Financial (Nasdaq: CCB) ha annunciato una riorganizzazione della sua struttura dirigenziale. Brian Hamilton, attuale membro del consiglio, è stato nominato Presidente di CCBX, la divisione FinTech e banking-as-a-service di Coastal Community Bank. Concurrentemente, Curt Queyrouze, l'attuale Presidente della Società e della Banca, assumerà ora il ruolo di Presidente della divisione banca comunitaria, supervisando la banca comunitaria e il credito aziendale.

Il CEO Eric Sprink ha sottolineato che questa biforcazione del ruolo di Presidente è progettata per supportare la crescita della Banca e i piani futuri. Hamilton porta con sé oltre 25 anni di esperienza nel settore bancario, prestiti, pagamenti e sviluppo di prodotti digitali, avendo ricoperto ruoli di seniority in Capital One, Wells Fargo e Verifone. La riorganizzazione mira a sfruttare l'expertise di Hamilton per rafforzare la divisione banking-as-a-service, mantenendo al contempo una solida presenza nella banca comunitaria nella regione di Puget Sound.

Coastal Financial (Nasdaq: CCB) anunció una reorganización de su estructura de liderazgo. Brian Hamilton, un actual miembro de la junta, ha sido nombrado Presidente de CCBX, la división de FinTech y banca como servicio de Coastal Community Bank. Concurrentemente, Curt Queyrouze, el actual Presidente de la Compañía y del Banco, ahora servirá como Presidente de la división de banca comunitaria, supervisando la banca comunitaria y el crédito corporativo.

El CEO Eric Sprink enfatizó que esta bifurcación del rol de Presidente está diseñada para acomodar el crecimiento y los planes futuros del Banco. Hamilton aporta más de 25 años de experiencia en banca, préstamos, pagos y desarrollo de productos digitales, habiendo ocupado roles senior en Capital One, Wells Fargo y Verifone. La reorganización tiene como objetivo aprovechar la experiencia de Hamilton para fortalecer la división de banca como servicio, mientras se mantiene una sólida presencia de banca comunitaria en la región de Puget Sound.

코스탈 파이낸셜(Nasdaq: CCB)이 리더십 구조의 재편성을 발표했습니다. 현재 이사인 브라이언 해밀턴이 코스탈 커뮤니티 뱅크의 핀테크 및 서비스로서의 은행 부문인 CCBX의 대통령으로 임명되었습니다. 동시에 현재 회사 및 은행의 대통령인 커트 쿼이로우즈는 지역 은행 부문에 대한 대통령 역할을 맡아 지역 은행 및 기업 신용을 감독하게 됩니다.

CEO 에릭 스프링크는 이 대통령 역할의 분리를 통해 은행의 성장과 미래 계획을 수용하기 위해 설계되었다고 강조했습니다. 해밀턴은 캐피탈 원, 웰스 파고 및 베리폰에서 선임 역할을 수행한 경험이 25년 이상 되는 금융, 대출, 결제 및 디지털 제품 개발 분야의 경험을 가지고 있습니다. 재편성은 해밀턴의 전문 지식을 활용하여 서비스로서의 은행 부문을 강화하는 동시에 푸제트 사운드 지역의 강력한 지역 은행 존재를 유지하는 것을 목표로 하고 있습니다.

Coastal Financial (Nasdaq: CCB) a annoncé une réorganisation de sa structure de direction. Brian Hamilton, un membre actuel du conseil d'administration, a été nommé Président de CCBX, la division FinTech et banque en tant que service de Coastal Community Bank. Parallèlement, Curt Queyrouze, l'actuel Président de l'entreprise et de la banque, assumera désormais le rôle de Président de la division de banque communautaire, supervisant ainsi la banque communautaire et le crédit d'entreprise.

Le PDG Eric Sprink a souligné que cette bifurcation du rôle de Président a été conçue pour s'adapter à la croissance de la Banque et à ses projets futurs. Hamilton apporte plus de 25 ans d'expérience dans le secteur bancaire, le prêt, les paiements et le développement de produits numériques, ayant occupé des postes de direction chez Capital One, Wells Fargo et Verifone. La réorganisation vise à tirer parti de l'expertise de Hamilton pour renforcer la division de banque en tant que service tout en maintenant une solide présence dans le secteur de la banque communautaire dans la région de Puget Sound.

Coastal Financial (Nasdaq: CCB) hat eine Reorganisation seiner Führungsstruktur angekündigt. Brian Hamilton, ein aktuelles Vorstandsmitglied, wurde zum Präsidenten von CCBX ernannt, der FinTech- und Banking-as-a-Service-Division der Coastal Community Bank. Gleichzeitig wird Curt Queyrouze, der derzeitige Präsident des Unternehmens und der Bank, nun als Präsident der Gemeinde-Bank-Division fungieren und die Gemeindebank- und Unternehmensfinanzierung überwachen.

CEO Eric Sprink betonte, dass diese Aufteilung der Präsidentenrolle dazu dient, das Wachstum der Bank und die zukünftigen Pläne zu fördern. Hamilton bringt über 25 Jahre Erfahrung im Bankwesen, Kreditvergabe, Zahlungsverkehr und in der Entwicklung digitaler Produkte mit, da er leitende Positionen bei Capital One, Wells Fargo und Verifone innehatte. Die Reorganisation zielt darauf ab, Hamiltons Fachwissen zu nutzen, um die Banking-as-a-Service-Division zu stärken, während die starke Präsenz der Coastal Community Bank in der Puget Sound Region beibehalten wird.

Positive
  • Appointment of experienced fintech executive Brian Hamilton as President of CCBX division
  • Strategic reorganization to support growth in both banking-as-a-service and community banking sectors
  • Leveraging of Hamilton's extensive expertise in banking, lending, payments, and digital products development
  • Continued focus on evolving community banking with additional digital access for customers
Negative
  • None.

EVERETT, Wash., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), and its subsidiary, Coastal Community Bank (the “Bank”), announced that its role of President of the Bank is to be bifurcated to accommodate the Bank’s growth and plans for the future. The Bank announced the appointment of Brian Hamilton as President of CCBX, the FinTech and banking-as-a-service division of the Bank. Mr. Hamilton is a current member of the Company’s Board of Directors. In connection with the reorganization of the role of the President, the Bank also announced that Curt Queyrouze, the President of the Company and the Bank, will serve as President of the community bank division and will be responsible for leading the community bank and corporate credit.

“As Coastal focuses on growing CCBX, we continuously seek out individuals with the skillsets and experience that we believe will bolster our banking-as-a-service division and who complement the leadership team already in place,” said Eric Sprink, the Company’s Chief Executive Officer. “We were fortunate to add Brian to our Board of Directors earlier this year and since then, he has been an invaluable contributor to the Company and the Bank. Brian’s appointment to this new role will allow the Company to benefit more deeply from his background and extensive expertise in banking, lending, payments and digital products development,” Mr. Sprink added.

“Outside of CCBX, Coastal has been a fixture of community banking in the Puget Sound region for decades. We are excited to be able to bring that local, customer-first, community banking perspective and experience to new customers by evolving the community banking division to incorporate additional digital access for customers,” said Mr. Sprink. “Curt’s leadership, experience, and foresight have been key to Coastal’s success since he was appointed as President, and we are excited for him to build Coastal’s community bank division.”

Mr. Hamilton is a seasoned financial technology executive and business leader, with more than 25 years of experience in banking, lending, payments and digital product development. Mr. Hamilton has held senior leadership roles at Capital One, serving as President of their Merchant Services division, Wells Fargo and Verifone, in addition to founding and operating multiple companies in the fintech space. Most recently Mr. Hamilton was co-founder and CEO of ONE (One Finance Inc.), which was acquired by a Walmart led joint venture in 2022. Prior to co-founding ONE, he was the founder of Azlo, a digital bank for small businesses, and helped to build out the BBVA Open Platform for sponsor banking services.

“I am thrilled to deepen my relationship with the Coastal team in my new role leading the CCBX business. I have been lucky enough to work with many in management and across the Company and the Bank since joining the Board of Directors. I am excited to be able to take the experiences I gained and serve the Company and the Bank both as a member of management and as a director,” said Mr. Hamilton.

About Coastal Financial Corporation

Coastal Financial Corporation (NASDAQ: CCB), is an Everett, Washington-based Bank holding company with Coastal Community Bank (the “Bank”) a full-service commercial bank, as its sole wholly-owned banking subsidiary. The Bank operates 14 branches in Snohomish, Island, and King Counties, online and through mobile banking. The Bank’s CCBX division provides banking as a service (“BaaS”) that allows our broker-dealer and digital financial service partners to offer their customers banking services. As of June 30, 2024, we had total assets of $3.96 billion, loans receivable of $3.3 billion, total deposits of $3.5 billion, and total shareholders’ equity of $316.7 million. To learn more about Coastal Community Bank visit www.coastalbank.com. Member FDIC.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. Any statements about our management’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Any or all of the forward-looking statements in this earnings release may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this earnings release should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, the risks and uncertainties discussed under “Risk Factors” in our Annual Report on Form 10-K for the most recent period filed and in any of our subsequent filings with the Securities and Exchange Commission.

If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law.

Contact:
Joel Edwards
Chief Financial Officer
425.357.3687
JEdwards@coastalbank.com


FAQ

Who was appointed as President of CCBX division at Coastal Community Bank (CCB)?

Brian Hamilton, a current board member of Coastal Financial , was appointed as President of CCBX, the FinTech and banking-as-a-service division of Coastal Community Bank.

What changes were made to the President role at Coastal Community Bank (CCB)?

The role of President at Coastal Community Bank was bifurcated. Brian Hamilton was appointed as President of CCBX division, while Curt Queyrouze will serve as President of the community bank division.

Why did Coastal Financial (CCB) reorganize its leadership structure?

Coastal Financial reorganized its leadership structure to accommodate the Bank's growth and plans for the future, particularly focusing on growing the CCBX division and evolving the community banking division with additional digital access for customers.

What experience does Brian Hamilton bring to his new role at Coastal Community Bank (CCB)?

Brian Hamilton brings over 25 years of experience in banking, lending, payments, and digital product development. He has held senior leadership roles at Capital One, Wells Fargo, and Verifone, and has founded multiple companies in the fintech space.

Coastal Financial Corporation

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