COSO News & Events

CoastalSouth Bancshares Board of Directors authorized a stock repurchase plan, pursuant to which the Company may purchase, from time to time, up to an aggregate amount of $15M of its shares of common stock. The 2026 Repurchase Plan will become effective on May 1, 2026, and will expire on April 30, 2027, unless extended by the Board.

Commenting on the company's results, President and Chief Executive Officer, Stephen R. Stone stated, "We started strong in 2026 by growing $117.9 million in core deposits during the first quarter. Our core deposit growth has allowed us to reduce alternative funding sources and will provide liquidity for continued loan growth. We were pleased to see core deposit growth across all of our markets. We also produced $166.7 million in loans held for investment in the first quarter and our loan pipeline continued to grow, particularly with the addition of new commercial bankers across the franchise."