FIG Partners Served As Sole Placement Agent In $16.5 Million Stock Offering For Coastal Carolina Bancshares

FIG Has Raised More Than $3.6 Billion
In Equity Capital In 111 Offerings To Date

ATLANTA, July 3, 2017 — Coastal Carolina Bancshares, Inc. (OTC: CCNB), parent company of Coastal Carolina National Bank, has announced the completion of a $16.5 million private placement of common stock.

private placement“We believe our growing bank franchise is well-positioned and this new funding will allow us to continue to pursue growth opportunities in the communities we serve,” said Laurence S. Bolchoz, Jr., President and Chief Executive Officer of the Company and the Bank. “Since 2012, we have grown to six branches along the Grand Strand and in the Midlands of South Carolina. We have just opened a Loan Production Office in the vibrant Greenville, South Carolina market.”

The FIG transaction team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; John Schramm, Principal; and Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets.

More information is available here.

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