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About CoastalSouth Bancshares, Inc. (COSO)
CoastalSouth Bancshares, Inc. (OTCQX: COSO) is a financial holding company headquartered in Hilton Head Island, South Carolina. Through its wholly-owned subsidiary, Coastal States Bank (CSB), the company provides a comprehensive range of banking and financial services tailored to businesses, individuals, and niche markets. COSO operates with a dual focus: a strong community banking presence in the southeastern United States and specialized lending services that extend its reach nationally.
Community Banking: A Regional Focus
Coastal States Bank is deeply rooted in the communities it serves, with a significant presence in South Carolina's Lowcountry, Savannah, Georgia, and the Atlanta metropolitan area. The bank offers traditional banking services, including deposit accounts, personal and business loans, and treasury management solutions. By emphasizing relationship banking, CSB builds trust and long-term partnerships with local businesses, entrepreneurs, and individual customers. This approach positions the bank as a reliable and accessible financial partner in its core markets.
Specialized Lending Services
Beyond its regional banking footprint, Coastal States Bank has developed expertise in specialized lending areas, including Government Guaranteed Lending, Senior Housing Financing, Correspondent Marine Lending, and Mortgage Banker Finance. These niche services enable the company to cater to specific industries and customer needs, providing tailored financial solutions that drive growth and diversification. By leveraging its specialized knowledge, CSB serves clients across the United States, extending its impact beyond its physical branch locations.
Strategic Leadership and Growth
CoastalSouth Bancshares has demonstrated a commitment to strategic growth through leadership appointments and market-focused initiatives. Recent additions to its board and executive team underscore the company's focus on expanding its expertise in financial services and strengthening its presence in key markets. This proactive approach ensures that COSO remains competitive in a dynamic banking landscape.
Competitive Landscape
Operating in the highly competitive financial services industry, COSO faces competition from regional banks, national institutions, and fintech companies. Its differentiation lies in its dual strategy: combining the personalized service of a community bank with the specialized offerings of a niche lender. This unique positioning allows COSO to address diverse customer needs while maintaining a strong regional identity.
Commitment to Relationship Banking
At the heart of CoastalSouth Bancshares' operations is a commitment to relationship banking. By prioritizing customer relationships and personalized service, the company fosters loyalty and trust, which are critical in the competitive banking industry. This approach not only strengthens its community presence but also enhances its ability to serve specialized markets effectively.
Conclusion
CoastalSouth Bancshares, Inc. (COSO) represents a dynamic blend of traditional community banking and innovative specialized lending. With a strong regional presence in the southeastern United States and a national reach through niche financial services, the company is well-positioned to navigate the complexities of the modern banking landscape. By focusing on relationship banking and strategic growth, COSO continues to deliver value to its customers and stakeholders.
Coastal States Bank (CSB) has announced the appointment of Terence Lewis as Senior Vice President, Commercial Banker for the Atlanta region. Lewis brings over 25 years of commercial banking experience in the Atlanta market and will focus on acquiring and supporting business client relationships across South Fulton and Atlanta.
According to Gary Dowell, CSB's Atlanta Regional President, Lewis's deep community commitment and expertise in providing tailored banking solutions will be valuable for client success. Lewis serves as an advisory board member for Frontline Response and holds degrees from Georgia State University and the Graduate School of Banking at LSU, along with completing Leadership Georgia.
Coastal States Bank (CSB) announced the appointment of Gavin Shook as Senior Vice President, Commercial Banker for its Atlanta Region.
With over 20 years of experience in commercial banking and extensive knowledge of the Atlanta market, Gavin will focus on acquiring and expanding commercial client relationships.
Gavin is an alumnus of Georgia Southern University and the Georgia Banking School at the University of Georgia.
CSB's Atlanta Regional President, Gary Dowell, welcomed Gavin, highlighting his alignment with CSB's commitment to relationship banking.
Coastal States Bank (CSB) announces the appointment of Makisha Gann as Vice President and Community Banker in the Atlanta region. With over 20 years in retail banking, Gann is expected to enhance customer service and community relationships. CSB's President, Gary Dowell, expressed excitement about her joining the team, highlighting her experience and commitment to clients. CSB operates in various locations, including Hilton Head Island, Bluffton, Savannah, and Atlanta, with total assets amounting to approximately $1.9 billion. CSB is a subsidiary of CoastalSouth Bancshares, Inc. (OTCQX: COSO).
CoastalSouth Bancshares (OTC-PINK:COSO) announced the completion of a private placement of common stock, raising approximately
Coastal States Bank (CSB) announced the appointment of Cory Burdette as the Senior Vice President for its new Financial Institutions Group on November 1, 2022. Burdette brings over 15 years of banking experience, previously serving at Atlantic Capital Bank and BBVA Compass. CSB aims to leverage his expertise to enhance relationships with other financial institutions in the Southeast. As of September 30, 2022, CSB reported total assets of approximately $1.72 billion.
CoastalSouth Bancshares announced the successful acquisition of Cornerstone Bancshares, enhancing its presence in the Atlanta market. With Cornerstone's deposits around $201.5 million as of June 30, 2021, this transaction elevates CoastalSouth to the 25th largest bank by deposit market share in the Atlanta MSA, totaling over $550 million. CoastalSouth emphasizes commitment to local communities and exceptional customer experience during the integration process. As of October 1, 2021, CoastalSouth had approximately $1.6 billion in total assets.
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