Coastal Financial (NASDAQ:CCB) is a bank holding company headquartered in Everett, Washington. Through its wholly owned subsidiary, Coastal Community Bank, the company provides banking services to individuals, businesses and nonprofit organizations in Washington state, with a focus on communities in the Puget Sound region.
Coastal Community Bank offers deposit accounts, commercial and consumer loans, mortgage lending, cash-management and treasury services, online and mobile banking, and other traditional banking products. Its services are delivered through banking offices and digital channels, and are designed to support small and middle-market businesses as well as individual customers.
The company also operates CCBX, its banking-as-a-service division. Through CCBX, Coastal Community Bank provides financial technology companies with access to regulated banking infrastructure, including deposit programs, payment capabilities, compliance support and related services. This model allows the company to serve customers beyond its physical branch footprint while partnering with fintech businesses.
Coastal Community Bank was established in 1997, and Coastal Financial Corporation became a publicly traded company in 2018. Eric Sprink serves as the company’s president and chief executive officer. The company’s primary geographic presence remains in Washington, while its CCBX activities support fintech partnerships that may reach customers in broader markets.
