Coastal States Bank Expands into Charleston with Team Boasting Over 50 Years of Experience
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Market Expansion: Coastal States Bank's expansion into the Charleston market builds on over 20 years of successful operations in the Lowcountry, reflecting its ongoing investment and confidence in the region.
- Team Formation: The newly established Charleston commercial banking team, led by Market President Edward Vaughan, brings over 50 years of combined banking experience, focusing on providing deposit and loan services to small and mid-sized businesses.
- Relationship-Driven Approach: Emphasizing trust and relationships, Vaughan noted that Charleston's diverse and entrepreneurial business community aligns well with CSB's relationship banking model, which is expected to enhance customer loyalty.
- Asset Scale: Currently, Coastal States Bank has approximately $2.3 billion in total assets, and this expansion is set to further solidify its market position in South Carolina and drive future business growth.
Analyst Views on COSO
About COSO
CoastalSouth Bancshares, Inc. is a bank holding company. The Company’s subsidiary is Coastal States Bank (CSB). CSB operates retail banking branches in Beaufort County, South Carolina, Chatham County, Georgia, Dawson County, Georgia, Fulton County, Georgia and Forsyth County, Georgia. Its specialty banking services include home builder financing, senior housing financing, warehouse lending, and correspondent banking. Its personal banking services include checking, savings, treasury management, and lending. Its small business banking services include small business checking, small business savings, small business lending, and small business digital banking. It offers various commercial lending’s, such as commercial loans, commercial real estate loans, and business credit cards. CSB’s wholly owned subsidiary, Coastal States Mortgage, Inc. (CSM), is a mortgage company focused on originating and selling residential mortgages to investors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
