Thursday, August 11, 2016

Coastal Banking Company Inc. Appoints Thomas Flournoy as Chief Financial Officer

Coastal Banking Company Inc. Appoints 
Thomas Flournoy as Chief Financial Officer

BEAUFORT, S.C., Aug. 11, 2016 – Coastal Banking Company Inc. (OTCQX:CBCO), the holding company of CBC National Bank, which operates branches in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal, S.C., has appointed Thomas J. Flournoy as chief financial officer of the company.

Flournoy is a career banker with 35 years of community bank leadership of finance/accounting, audit and risk, operations and information technology teams. He will oversee all financial functions, including accounting, treasury, financial reporting and budgeting, among other duties.

“Tom Flournoy is a veteran chief financial officer who has extensive experience helping growing community banks manage all the fiscal and regulatory complexities of the marketplace, as well as the executive leadership and interpersonal skills to flourish in the position,” said Michael G. Sanchez, chairman and chief executive officer. “Tom’s deep experience in mortgage banking and his focused risk management expertise make him an exceptional fit for Coastal. His experience will be a valuable resource as we continue to focus on growing our company and enhancing shareholder value.”

Flournoy has served as CFO or chief operating officer of five community banks in Georgia, Indiana and Kentucky for the past 14 years, following a 14-year tenure as controller of a large regional bank in Indiana.

Most recently, Flournoy served as senior vice president and CFO of First Bank of Georgia and Georgia-Carolina Bancshares, Inc., based in Augusta, Ga.

Flournoy earned a bachelor’s degree in accounting from Ball State University, and he is a certified public accountant.

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