CBC National Bank Makes Donation to Wounded Warrior Project to Honor its Dedicated Employees
BEAUFORT, S.C., Sept. 29, 2015 – Coastal Banking Company Inc. (OTCQX:CBCO), the holding company of CBC National Bank, which operates branches in Beaufort and Port Royal, S.C., and Fernandina Beach, Fla., today announced that CBC National Bank has made a donation to the Wounded Warrior Project in honor of its employees.
To celebrate the recent $10 billion funding milestone reached by its mortgage division, CBC National Bank held a unique raffle set up to provide a donation to the Wounded Warrior Project. For $5 per entry, CBC Bank employees could enter to win the grand prize – to have their August mortgage or rent payment paid by the bank.
However, in the spirit of the event, the winner – Samantha Ward, an assistant vice president and underwriting manager, decided to add her mortgage payment to the total amount raised, bringing the total donation to $3,500.
“We’re very pleased to be able to make a meaningful donation to an organization that does so much good for the brave men and women who have served our country,” said Charles Wagner, president of CBC National Bank. “The raffle was a fun way to engage our employees in an activity with a serious purpose to celebrate the success of our mortgage division and celebrate the quality of our employees across the Company. And the fact that Samantha Ward decided to add her prize to the total shows the level of generosity and character among our employees.”
CBC National Bank proudly offers our military veterans a VA loan program. VA loans are mortgages guaranteed by the Department of Veterans Affairs. They offer military veterans exceptional benefits, including lower interest rates and a no-down-payment option. The program was designed to help military veterans realize the American Dream of home ownership.
About Coastal Banking Company Inc.
Coastal Banking Company Inc., headquartered in Beaufort, S.C., is the $549.1 million-asset bank holding company of CBC National Bank, headquartered in Fernandina Beach, Fla., which provides a full range of consumer and business banking services through full-service banking offices in Beaufort, Fernandina Beach, and Port Royal, S.C. The company’s residential mortgage banking division, headquartered in Atlanta, includes traditional retail and wholesale lending, as well as a National Retail Group that has lending offices in Arizona, Florida, Georgia, Maryland, Michigan, Indiana, Illinois and Ohio. The company’s Small Business Administration lending division originates SBA loans primarily in Jacksonville, Ft. Myers, Tampa and Vero Beach, Fla., Greensboro, N.C., and Beaufort. The company's common stock is publicly traded on the OTCQX Markets under the symbol CBCO. For more information, please visit the company's website, www.coastalbanking.com.