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Coastal Financial Priced, Nasdaq: CCB

Community bank in Washington state.

Industry: Financials

First Day Return: +13.1%

Industry: Financials

We are a bank holding company that operates through our wholly owned subsidiary, Coastal Community Bank. We are headquartered in Everett, Washington, which by population is the largest city in, and the county seat of, Snohomish County. We focus on providing a wide range of banking products and services to consumers and small to medium sized businesses in the broader Puget Sound region in the state of Washington. We currently operate 13 full-service banking locations, 10 of which are located in Snohomish County, where we are the largest community bank by deposit market share, and three of which are located in neighboring counties (one in King County and two in Island County). As of March 31, 2018, we had total assets of $831.0 million, total loans of $678.5 million, total deposits of $727.3 million and total shareholders' equity of $66.9 million.
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Coastal Financial (CCB) Performance