$4 Billion In Equity Capital In 122 Offerings To Date
ATLANTA, January 29, 2018 — Coastal Bank & Trust has announced the closing of an $8 million private placement of common stock to institutional and accredited investors.
“We are very pleased to announce the successful completion of our common stock offering,” said Richard Jefferson, President and Chief Executive Officer of the Bank. “We believe our Bank is well-positioned to take advantage of opportunities in our market, and the new capital will allow us to execute our strategy and grow the balance sheet. The success of the placement is a vote of confidence in our team, and we look forward to creating additional value for all of our shareholders.”
The FIG team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; John Schramm, Principal; Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets; and Jerad Comarda, Vice President.
Coastal Bank & Trust, based in North Carolina, will use the proceeds to support future growth and for general corporate purposes.
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