Rosaline Fletcher, Steven Gussen, Brian Sheets and Chad Skogen join Coastal States Bank's Government Guaranteed Lending Team

Rhea-AI Summary

Coastal States Bank (CSB) has announced the addition of four new SBA lenders to its Government Guaranteed Lending (GGL) Team, led by Rosaline Fletcher. The new team members, including three Vice Presidents of Business Development, bring extensive experience in SBA lending. Rosaline, a board member for the National Association of Government Guaranteed Lenders (NAGGL), has originated over $300 million in SBA loans. The addition of this seasoned team is expected to have an immediate impact on CSB's SBA sales generation in 2024 and beyond.

HILTON HEAD ISLAND, S.C., Feb. 1, 2024 /PRNewswire/ -- Coastal States Bank ("CSB") has announced that four new SBA lenders joined its Government Guaranteed Lending (GGL) Team. The new team members join CSB, a national SBA lender, with extensive experience in SBA lending. With Rosaline Fletcher leading the new group as Senior Vice President, Sales Manager, CSB also welcomes three Vice Presidents of Business Development: Steven Gussen (Northeast), Brian Sheets (Texas) and Chad Skogen (Arizona).

"We are excited to have this seasoned team of SBA professionals join the CSB Team," said Pete O'Hern, CSB's Managing Director of Government Guaranteed Lending. "Rosaline and her team will have an immediate impact on our SBA sales generation in 2024 and beyond."

Rosaline brings to CSB a wealth of experience in Government Guaranteed Lending and is currently a board member for the National Association of Government Guaranteed Lenders (NAGGL). In her experience, she has originated more than $300 million in SBA loans in the U.S western region and served as a top producing Business Development Officer in the greater Dallas-Fort Worth area.

Steven Gussen, serving the U.S. northeast region, has had experience in business development, underwriting and investment banking during his career in financial services. Brian Sheets will represent CSB in Texas and brings more than 20 years of business development experience to the team. Chad Skogen, a seasoned commercial banker, will produce SBA loans in Arizona.

"It's always great to add to our team experienced and community-focused bankers who have the knowledge and expertise to build relationships and serve our clients. As we continue to grow our Government Guaranteed Lending team, it's our priority to select the best bankers across our local and national footprint to help small businesses thrive. We believe this group will play an invaluable role in helping our clients and CSB achieve our common goals," said Steve Stone, CSB's President and CEO.

About the Company

Coastal States Bank builds relationships by providing a full range of banking services designed for businesses, their owners, and individuals looking for a local banking partner. CSB has a community banking presence in the Lowcountry of South Carolina (Hilton Head Island and Bluffton), Savannah, and the Atlanta Metropolitan market, and serves communities across the country through its Government Guaranteed Lending, Senior Housing, Correspondent Marine, and Mortgage Banker Finance lines of business. At present, CSB has approximately $2 billion in total assets.

CSB is a wholly-owned subsidiary of CoastalSouth Bancshares, Inc. (OTCQX: COSO).

Coastal States Bank – Local. And Proud of It.^®

For additional information regarding Coastal States Bank please visit www.coastalstatesbank.com.

Media Contact:
Raquel Cobb
VP, Marketing and Communications Director
Coastal States Bank
rcobb@coastalstatesbank.com

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SOURCE CoastalStates Bank

FAQ

Who are the new SBA lenders that joined CSB's GGL Team?

The new SBA lenders are Rosaline Fletcher, Steven Gussen, Brian Sheets, and Chad Skogen.

What is Rosaline Fletcher's role in the new team?

Rosaline Fletcher leads the new group as Senior Vice President, Sales Manager.

What is Rosaline Fletcher's experience in SBA lending?

Rosaline has originated more than $300 million in SBA loans in the U.S western region and served as a top producing Business Development Officer in the greater Dallas-Fort Worth area.

Who is the President and CEO of CSB?

Steve Stone is the President and CEO of CSB.

What is the expected impact of the new team on CSB's SBA sales generation?

The addition of the new team is expected to have an immediate impact on CSB's SBA sales generation in 2024 and beyond.