Coastal Banking Company Reports Third Quarter 2016 Earnings

Coastal Banking Company Reports Third Quarter 2016 Earnings

Key highlights from the third quarter of 2016 include:

• Completion of the integration of First Avenue National Bank, acquired in April 2016.
• Continued strong profitability growth, with third quarter 2016 net income increasing by 28.5 percent over the second quarter of 2016, with strong and more balanced net income for all three of the Company’s operating divisions: Community Banking, SBA Lending and Mortgage Banking.
• Driven by strong earnings over the last four quarters, common tangible book value has risen to $12.98 per share at Sept. 30, 2016, from $11.38 at Sept. 30, 2015, an increase of $1.60 per share, or 14.1 percent.
• Continuation of robust mortgage banking funding and profitability, with more than $886.3 million in residential mortgage loans originated and $21.0 million in mortgage banking income during the quarter, up from $614.8 million and $13.4 million, respectively, for the third quarter of 2015.
• Year-over-year growth in the balance sheet of $174.3 million, or 39.7 percent, with total assets of $613.0 million at Sept. 30, 2016, driven by rising balances of SBA portfolio loans, increased residential mortgage loans available for sale and the related loan sales receivable, and the addition of First Avenue National Bank.
• Continued strong net interest margin for the third quarter of 2016 of 3.76 percent, compared to 3.95 percent for the second quarter of 2016 and 3.98 percent for the third quarter of 2015.
• Other real estate owned (OREO) of $5.5 million, a slight increase by $400,000, or 7.4 percent, from the second quarter of 2016, but a decline of $800,000, or 12.7 percent, from Sept. 30, 2015.
• Capital ratios at CBC National Bank remaining strong, with a total risk-based capital ratio of 20.92 percent and a Tier 1 risk-based capital ratio of 19.66 percent at Sept. 30, 2016.

For the full text of the earnings release and complete unaudited interim financial results go to http://www.coastalbanking.com/reports--news---filings.html

For More Information Contact:
Thomas J. Flournoy
EVP & Chief Financial Officer
Coastal Banking Company Inc.
904-321-2917

Coastal Banking Company Inc. Elects Charles Wagner President and Thomas Flournoy EVP and Chief Financial Officer

Coastal Banking Company Inc. Elects Charles Wagner President and Thomas Flournoy EVP and Chief Financial Officer

BEAUFORT, S.C., Aug. 30, 2016 – Coastal Banking Company Inc. (OTCQX:CBCO), the holding company of CBC National Bank, which operates branches in Beaufort and Port Royal, S.C., Fernandina Beach, Ocala, and The Villages, Fla., today announced that its board of directors has elected Charles Wagner president of the company and Thomas J. Flournoy executive vice president and chief financial officer.

Wagner has been president of CBC National Bank since June 2015 and directly oversees the bank’s mortgage division, human resources, information technology and operations, marketing, and strategic planning. He joined the company in 2007 as a founding leader of the bank’s mortgage division. Wagner also is a member of both the Coastal and CBC National Bank boards of directors.
Michael G. Sanchez remains chief executive officer of both Coastal Banking Company Inc. and CBC National Bank, and chairman of both boards.

“The Coastal board’s management succession committee and governance committee spent 18 months planning the company’s management succession process before naming Charles Wagner president of CBC National Bank more than a year ago,” said Sanchez. “Since that time, Charles has continued to ably demonstrate the acumen and proven performance that led to our decision. Naming him president of Coastal Banking Company Inc. is a further step in the succession plan toward him assuming overall leadership of the company at the appropriate time.”

Flournoy recently joined Coastal as chief financial officer. He is a career banker with 35 years of community bank leadership of finance/accounting, audit and risk, operations and information technology teams.

“Tom Flournoy is a veteran chief financial officer who adds to the overall management strength of our company,” said Sanchez. “His deep experience, working in tandem with Charles Wagner, will serve as a valuable resource as we continue to focus on growing our company and enhancing shareholder value.”

CBC National Bank’s Mortgage Division Surpasses $13 Billion Loan Production Milestone, Earns Additional Accolades

FERNANDINA BEACH, Fla., Aug. 16, 2016 – CBC National Bank, headquartered in Fernandina Beach and with branches in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal, S.C., and with its mortgage banking division headquartered in Atlanta, today announced that in June its mortgage division surpassed the $13 billion mark in loan production.

CBC’s mortgage division began operations in September 2007 utilizing a conservative, risk-averse business model, originating primarily full-documentation, conforming mortgage loans pre-sold into the secondary market. The division passed the $1 billion mark in loan production in June 2009 and passed the $10 billion mark in June 2015. During the second quarter of 2016, the mortgage division continued to achieve robust funding and profitability, with more than $551.7 million in residential mortgage loans funded and $16.4 million in mortgage banking income during the quarter.

In addition to reaching the $13 billion loan production milestone, CBC’s mortgage division was earlier named by the Atlanta Journal-Constitution one of the “Best Places to Work – Atlanta” for the second consecutive year. For 2016 CBC ranked 54th out of the 150 companies receiving this honor; in 2015 it ranked 63rd.

And CBC recently learned that six of its mortgage bankers have been recognized individually as among the Scotsman Guide’s Top Originators 2015 across categories including Top VA Volume (ranking No. 13, 19, 46 and 58), Most Loans Closed (ranking No. 263) and Top Dollar Volume (ranking No. 327).

“Our continued growth and recognition is a testament to the quality of all of our associates during our almost 9 years in business,” said Brynn Stensrud, executive vice president and head of the mortgage division. “Our knowledgeable mortgage professionals continue to share CBC’s overall passion and commitment to offering our customers the best products and service available. We remain committed to the residential markets in our home communities in Fernandina Beach, Ocala and The Villages, Beaufort and Port Royal, and Atlanta, and we will continue to meet the purchase and refinance needs of our customers while meeting their demands for great service and products into the future. We likewise remain proud of the mortgage division’s significant contributions to CBC National Bank’s earnings over the years.”

About CBC National Bank

CBC National Bank, headquartered in Fernandina Beach, Fla., provides a full range of consumer and business banking services through full-service banking offices in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort 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 Florida, Georgia, Maryland, Michigan, Indiana, Illinois and Ohio. The company’s government guaranteed lending division originates SBA loans primarily in Jacksonville, Ft. Myers, Tampa and Vero Beach, Fla., Greensboro, N.C., Atlanta and Beaufort. For more information, please visit CBC National Bank’s website, www.cbcnationalbank.com.

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.

More Info at www.coastalbanking.com

Coastal Banking Company Reports Second Quarter 2016 Earnings

Coastal Banking Company Reports Second Quarter 2016 Earnings

BEAUFORT, S.C., Aug. 8, 2016 – Coastal Banking Company Inc. (OTCQX:CBCO), the holding company of CBC National Bank, which operates branches in Beaufort and Port Royal, S.C., Fernandina Beach, Ocala, and The Villages, Fla., today reported net income of $1.5 million, or earnings per diluted common share of $0.46, for the quarter ended June 30, 2016.

This compares to net income of $1.6 million, or diluted earnings per common share of $0.51, in the second quarter of 2015, a year-over-year decrease of $56,000, or diluted earnings per common share of $0.05.   

On a linked-quarter basis, net income in the second quarter of 2016 represents an increase of $328,000, or earnings per diluted common share of $0.02, from net income of $1.2 million, or earnings per diluted common share of $0.44, in the first quarter of 2016.

Key highlights from the second quarter of 2016 include:

• Completion of the acquisition of First Avenue National Bank. 
• Continued strong profitability growth, with second quarter net income increasing by 26.9 percent over the first quarter.
• Non-interest bearing demand deposits grew $27.5 million, or 62.6 percent, over the first quarter. 
• Driven by strong earnings over the last four quarters, common tangible book value has risen to $12.48 per share at June 30, 2016, an increase of $1.63 per share, or 15 percent, during the last year from $10.85 per share at June 30, 2015.
• Continuation of robust mortgage banking funding and profitability, with more than $551.7 million in residential mortgage loans funded and $16.4 million in mortgage banking income during the quarter.
• Balance sheet expansion continued during the quarter, up by $140.8 million, or 29.7 percent, with total assets reaching $615.6 million, driven by rising balances of SBA portfolio loans, residential mortgage loans available for sale and the related loan sales receivable, as well as completing the acquisition of First Avenue National Bank. 
• Improving net interest margin for the second quarter at 3.95 percent, up 6 basis points from the first quarter of 2016.
• Other real estate owned (OREO) of $5.1 million decreased by $1.2 million, or 19.0 percent, during the quarter and $1.9 million, or 27.1 percent, from June 30, 2015.
• Capital ratios at CBC National Bank remained strong, with a total risk-based capital ratio of 19.96 percent and a Tier 1 risk-based capital ratio of 18.70 percent.

For the full text of the earnings release and complete unaudited interim financial results

[click here].  

For More Information:

Randy E. Graber                                                        Michael G. Sanchez                                       

Controller                                                                    Chairman & Chief Executive Officer

Coastal Banking Company Inc.                                  Coastal Banking Company Inc.

904-321-2913                                                              904-321-0400

Chief Financial Officer Paul Garrigues Resigns

BEAUFORT, S.C., July 27, 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., announced that Paul R. Garrigues has resigned as chief financial officer, effective August 5, to pursue other opportunities.

Garrigues joined Coastal Banking Company Inc. as chief financial officer in September 2007 as a 30-year financial, accounting and banking professional. Over his long career, Garrigues has served as chief financial officer for eight financial institutions across the country. Immediately prior to joining Coastal, Garrigues served as senior vice president of secondary marketing at Seacoast National Bank in Stuart, Fla., which acquired Big Lake National Bank in 2006, where he served as CFO.

Garrigues earned a bachelor’s degree in accounting from the University of Southern California. He is a certified public accountant and is a member of the American Institute of Certified Public Accountants.

“Paul Garrigues served Coastal with distinction for nine years as chief financial officer, helping the company navigate a period of both stellar growth and positive financial results, and also through the very difficult period of the Great Recession,” said Michael G. Sanchez, chief executive officer. “His decades of experience and financial acumen were a valuable resource to the company throughout his tenure. We wish him nothing but the best in his future endeavors.”

For More Information:

Michael G. Sanchez

Chairman & Chief Executive Officer

Coastal Banking Company Inc.

904-321-0400

Coastal Banking Company Inc. Shareholders Approve Slate of Directors, Appoint Lead Independent Director

BEAUFORT, S.C., May 31, 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., announced that at its May 25th shareholders’ meeting in Beaufort, shareholders approved a slate of directors and appointed a new lead independent director.

The Coastal shareholders elected Kenneth Ausley, Suellen Garner, Mark Heles, and Ladson Howell Class II Directors with terms expiring in 2019 and John Adams II and Charles Wagner Class III Directors with terms expiring in 2017.

The Coastal Board, at the behest of the Governance Committee, elected Ladson Howell as Lead Independent Director and Vice Chairman of the Board. Howell previously held the title of Vice Chairman.

Coastal Banking Company Reports First Quarter 2016 Earnings

BEAUFORT, S.C., May 9, 2015 – 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., today reported net income of $1,218,000, or earnings per diluted common share of $0.44, for the quarter ended March 31, 2016. This represents a $47,000 improvement from the net income of $1,171,000, or earnings per diluted common share of $0.35, for the first quarter of 2015.

On a linked-quarter basis, net income in the first quarter of 2016 represents a decrease of $215,000, or earnings per diluted common share of $0.13, from net income of $1,433,000, or earnings per diluted common share of $0.48, in the final quarter of 2015.

Key highlights from the first quarter of 2016 include:

• Continuation of strong, recurring quarterly earnings which has averaged in excess of $1 million over the past eight consecutive quarters.
• Driven by these strong earnings, common tangible book value has grown to $12.36 per share at March 31, 2016, an increase of $2.03 per share, or 19.7 percent, during the last year, from $10.33 per share at March 31, 2015. 
• Mortgage banking funding and profitability remained strong, with more than $400 million in residential mortgage loans funded and $12.3 million in mortgage banking income earned during the quarter.
• Asset quality costs of $84,000 for the quarter were down 75 percent, or $253,000, from costs of $337,000 incurred during the first quarter of 2015.
• Stable net interest margin in the first quarter at 3.89 percent, unchanged from the first quarter of 2015, and a decrease of 1 basis point from the prior quarter end.
• Nonaccrual loans ended the quarter at $1.9 million, a decrease of $542,000, or 21.9 percent, from the prior quarter end, and down by $2.7 million from March 31, 2015.
• Other real estate owned (OREO) of $6.3 million increased by 3.9 percent during the quarter but was down by $633,000, or 9.1 percent, from March 31, 2015.
• Capital ratios at CBC National Bank remained strong, with a total risk-based capital ratio of 23.61 percent and a Tier 1 risk-based capital ratio of 22.34 percent.

For the full text of the earnings release and complete unaudited interim financial results, please click the links below or visit the company's website at

Full Earnings Release

1^st Qtr Financial Results

http://www.coastalbanking.com/reports--news---filings.html

For More Information:

Paul R. Garrigues                                                        Michael G. Sanchez               

Chief Financial Officer                                               Chief Executive Officer

Coastal Banking Company Inc.                                  Coastal Banking Company Inc.

904-491-9833                                                              904-321-0400

CBC National Bank Named Top SBA Community Bank Lender in North Florida for Fiscal Year 2015

FERNANDINA BEACH, Fla., May 10, 2016 – CBC National Bank, headquartered in Fernandina Beach and with branches in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal, S.C., today announced that the bank has again been recognized as the No. 1 ranked community bank U.S. Small Business Administration (SBA) lender in the north Florida district in total dollar volume and number of loans (and was ranked No. 2 in the state).

“I want to thank and congratulate the lenders that have made outstanding contributions in the North Florida area,” said Wilfredo J. Gonzalez, North Florida District Director. “We have increased lending in the district over the past few years, and I hope to see that growth continue. Our lenders help small businesses create and maintain jobs, and that has a direct impact on local communities.”

Fiscal Year 2015 Lender Award Winners were recognized at the 24th Annual Small Business Week Celebration on May 5, 2016, in Jacksonville at the University of North Florida’s University Center. The event was hosted by the Small Business Development Center.

In October, the U.S. Small Business Administration named the bank’s SBA lending division among the 100 most active SBA 7(a) lenders of fiscal year 2015. CBC National Bank ranked 69^th nationally in lending volume, funding 48 loans totaling $57,860,500.

The bank also launched a new Georgia SBA lending operation in October to serve the needs of the growing market for SBA loans in the metropolitan Atlanta and Georgia markets, and will continue to ramp up that operation throughout 2016.

“Our SBA lending division continues to demonstrate outstanding performance in meeting the vital needs of small-business customers,” said Charles Wagner, president of CBC National Bank. “Being named again as the top community bank SBA lender in North Florida and among the 100 most active SBA lenders for fiscal year 2015 is well-deserved recognition for our organization.”

About CBC National Bank

CBC National Bank, headquartered in Fernandina Beach, Fla., provides a full range of consumer and business banking services through full-service banking offices in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort 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 government guaranteed lending division originates SBA loans primarily in Jacksonville, Ft. Myers, Tampa and Vero Beach, Fla., Greensboro, N.C., Atlanta and Beaufort. For more information, please visit CBC National Bank’s website, www.cbcnationalbank.com.

About Coastal Banking Company Inc.

Coastal Banking Company Inc., headquartered in Beaufort, S.C., which had assets of $464.7 million as of Dec. 31, 2015, is the bank holding company of CBC National Bank. Total pro forma assets will be nearly $590 million at March 31, 2016, after including Q1 loan growth and the assets from the previously announced acquisition of First Avenue National Bank. The company's common stock is publicly traded on the OTCQX Markets under the symbol CBCO. The company was been named to the OTCQX® Best 50 in both 2015 and 2016, an annual ranking of the top 50 U.S. and international companies traded on the OTCQX Best Market, based on the combined one-year total return on market value and average growth in daily dollar trading volume. For more information, please visit the company's website, www.coastalbanking.com.

CBC National Bank Achieves Lending Milestones

CBC National Bank, headquartered in Fernandina Beach and with branches in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal, S.C., and with its mortgage banking division headquartered in Atlanta, today announced that the bank achieved milestones in both mortgage lending and SBA lending.

CBC National Bank's Mortgage Division produced over $2.8 billion in mortgage loans in 2015, funding $1.84 billion and brokering approximately $960 million, and the division has now exceeded $10 billion in total production since its inception in September 2007. It follows a conservative, risk-averse business model, originating primarily full-documentation, conforming mortgage loans pre-sold into the secondary market.

In June 2015, CBC National Bank was recognized by Scotsman Guide as one of the nation's Top Mortgage Lenders 2014, ranking No. 43 in overall volume and No. 16 in wholesale volume. And the bank recently learned that six of its mortgage bankers have been recognized individually as among the Scotsman Guide's Top Originators 2015 across categories including Top VA Volume (ranking No. 13, 19, 46 and 58), Most Loans Closed (ranking No. 263) and Top Dollar Volume (ranking No. 327).

The bank also continued to thrive in SBA lending in 2015. Once again, CBC was recently recognized as the No. 1 ranked community bank SBA lender in the north Florida district in total dollar volume and number of loans (and was ranked No. 2 in the south Florida district).

And in October, the U.S. Small Business Administration (SBA) named the bank's Small Business Administration lending division among the 100 most active SBA 7(a) lenders of fiscal year 2015.

CBC National Bank was ranked No. 69 by lending volume by the SBA, with 48 loans during fiscal year 2015 totaling $57,860,500.

The bank also launched a new Georgia SBA lending operation in October to serve the needs of the growing market for SBA loans in the metropolitan Atlanta and Georgia markets, and will continue to ramp up that operation throughout 2016.

"Both our mortgage banking division and SBA lending division continue to perform well while doing outstanding work to meet the needs of their customers," said Charles Wagner, president of CBC National Bank. "The milestones reached in 2015 and early 2016 are a testament to the divisions' ability to adapt to changing economic and market conditions, to the strong leadership in place at each division, and to all the associates' daily work in making CBC a recognized leader in both mortgage and SBA lending."

CBC Releases 2015 Annual Report - Exceptional Year for Coastal Banking Company

2015 was an exceptional year for Coastal Banking Company both in terms of our financial performance and in creating shareholder value. 

"2015 was a noteworthy year for Coastal Banking Company in terms of our strong financial performance. A look at the graphs, tables and financial statements in this report clearly demonstrate this. But I hope that you will also just as clearly see from the detail I provided on the operating success of our divisions and the results of our strategic initiatives taken in 2015 – and set to roll out in 2016 – that the Company continues to perform just as strongly in creating long-term shareholder value. Rest assured that I, the entire management team and all our associates work hard every day toward both the short-term and long-term success of our Company.  - Michael Sanchez, Chairman & CEO"

CLICK HERE TO READ REPORT

Coastal Banking Company Inc. Adds Two New Directors from Recently Acquired First Avenue National Bank

BEAUFORT, SC / ACCESSWIRE / April 19, 2016 / Coastal Banking Company Inc. (OTCQX: CBCO), the holding company of CBC National Bank, which operates full-service banking offices in Beaufort and Port Royal, S.C., Fernandina Beach, Ocala and The Villages, Fla., announced that it has added two new directors from recently acquired First Avenue National Bank of Ocala, Florida. Coastal completed the acquisition of First Avenue April 8.

Joining the Coastal Banking Company board of directors are John Q. Adams II and Ken Ausley. Adams is an owner and principal at Adams & Company, P.A., which provides accounting, tax planning and business consulting services to clients in the real estate, construction, and health care industries, as well as professional services companies and other businesses. Adams is a long-time member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants. He has served on the board of directors for The Arnette House, Central Florida YMCA, Ocala Boat Club, and several property owner associations.

Ausley is co-owner of Ausley Construction Company Inc., a second-generation commercial construction firm operating in Central Florida since 1958. He is also principal and co-owner of ACA Construction Group, LLC, which specializes in large institutional and public sector projects. Ausley serves on numerous boards including Kimberly's Center for Child Protection, the Ocala/Marion County Chamber and Economic Partnership, the City of Ocala's 2035 Vision Leadership Group, the Marion County Value Adjustment Board and the board of Ambleside Schools International. He is also the co-founder and chairman of Ambleside School of Ocala, Inc., a non-profit, private K-8 school.

"We are pleased to welcome John Adams and Ken Ausley to the Coastal Banking Company board of directors," said Michael G. Sanchez, chairman and chief executive officer of Coastal Banking Company Inc. "Their deep, strong ties to the Ocala/Marion County community as long-time residents, business owners and active civic participants will provide solid continuity in the ability of Coastal to serve the financial needs of individuals, families and businesses across the area. We look forward to their contributions as directors of the company."

Coastal Banking Company Inc. Completes Acquisition of First Avenue National Bank

First Avenue Branches Open Today as CBC National Bank Branches

BEAUFORT, SC / ACCESSWIRE / April 11, 2016 / Coastal Banking Company Inc. ("Coastal") (CBCO), the holding company of CBC National Bank, which operates branches in Fernandina Beach, Fla., Beaufort and Port Royal, S.C., announced that it has completed the acquisition of First Avenue National Bank of Ocala, Florida ("First Avenue"), and that First Avenue's two branches in Ocala and one branch in The Villages, Fla., will open today as branches of CBC National Bank.

Grand opening events will be held today at both Ocala branch locations: 910 SW 1st Avenue; and 5860 West Highway 40. A grand opening will be held tomorrow (Tuesday, April 12) at The Villages branch, 2505 Burnsed Boulevard.

In addition to the three branches located in the attractive and fast-growing central Florida market, along with First National's 4,000 customers, the acquisition adds approximately $112 million in assets, $98 million in deposits, and $81 million in gross loans to CBC National Bank.

"The acquisition of First Avenue allows Coastal to grow our core community banking franchise in a vibrant, economically strong market that ties in well with our existing markets," said Michael G. Sanchez, chairman and chief executive officer of Coastal Banking Company Inc. "We couldn't be more pleased to welcome First Avenue's employees and customers to CBC National Bank, and we look forward to providing our new customers with a broader array of banking services, including government guaranteed lending and mortgage lending capabilities."

"We're also delighted to welcome senior executives Adam Woods, Jason Welborn and Patrick Moses," Sanchez added. "Adam is CBC's new market executive for Marion and Sumter Counties, responsible for executive management of all of the bank's operations in those markets. The managerial talent and strong core operations of both banks will allow our organization to leverage the combination to deliver even more shareholder and customer value going forward."

Coastal Banking Company Inc. and First Avenue National Bank Shareholders Approve Coastal's Acquisition of First Avenue

BEAUFORT, SC / ACCESSWIRE / April 7, 2016 / Coastal Banking Company Inc. ("Coastal") (OTCQX: CBCO), the holding company of CBC National Bank ("CBCNB"), which operates branches in Fernandina Beach, Fla., Beaufort and Port Royal, S.C., announced that its shareholders and the shareholders of First Avenue National Bank of Ocala, Florida ("First Avenue") approved Coastal's acquisition of First Avenue.

Read More: www.coastalbanking.com

Coastal Banking Company Inc. Named to 2016 OTCQX Best 50

One of Only 10 Companies Ranking in the Best 50 Two Consecutive Years

BEAUFORT, SC / ACCESSWIRE / February 17, 2016 / Coastal Banking Company Inc. (OTCQX: CBCO) is pleased to announce it has been named to the 2016 OTCQX(R) Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. This marks the second consecutive year that Coastal Banking Company Inc. has received this recognition, having ranked on the inaugural OTCQX Best 50 in 2015. Coastal is one of only 10 companies to achieve the Best 50 ranking two years running.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2016 OTCQX Best 50 were ranked based on their performance in 2015.

"We are gratified once again to be named to the OTCQX(R) Best 50," said Michael G. Sanchez, chief executive officer. "Achieving this distinction two consecutive years - and being one of only 10 companies to do so - is a testament to the performance of our company, and our people, in delivering strong operating results in 2014 and 2015. The increased exposure gained from trading on the OTCQX marketplace, combined with the improved liquidity and price stability of our stock, along with our strong, steady earnings, continue to benefit our shareholders."

For the complete 2016 OTCQX Best 50 ranking, visit http://www.otcmarkets.com/content/doc/2016-OTCQX-Best-50.pdf.

The OTCQX Best Market offers the best informed and most efficient trading for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, demonstrate compliance with U.S. securities laws, be current in their disclosure and be sponsored by a professional third-party advisor. OTCQX companies are distinguished by the excellence of their operations and diligence with which they convey their qualifications.

More About Coastal Banking Company: www.coastalbanking.com