Fact Sheet

Bailout Bank Bio: Coastal Banking Company

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May 12, 2009
Programs: Budget & Tax

Coastal Banking Company logoCoastal Banking Company, Inc. is a bank holding company that operates through its wholly owned subsidiaries, Lowcountry National Bank and First National Bank of Nassau County, Florida (the Banks). The company was founded in 1999 and is headquartered in Beaufort, South Carolina, and also has operations in Georgia and Florida. In early December 2008 Coastal Banking announced it was receiving $9.95 million under the Treasury Department’s Troubled Asset Relief Program (TARP).


Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles


Bailout Bank Bio: Coastal Banking Company

 

Federal Equity Investment

$10 million

Total Revenue

$30.797 million

Net Income

$2.632 million

Number of Employees

85

Corporate Headquarters

Beaufort, South Carolina

Business Sector

Bank

Officers and Directors

Sanchez, Michael, Chief Executive Officer, Director
Garner, Suellen, Chairman of the Board

Other Officers and Directors

Corporate Website

https://www.coastalbanking.com/

Executive Compensation

Coastal Banking Company

  

►Financial Documents

2008 coastal banking 10-k (annual report)

2008-12-05 coastal banking 8k

2008-09-30 coastal banking 10q

2008 coastal banking proxy

2007 coastal banking annual report

2007 coastal banking 10k

Federal contracts

No federal contracts located.

Lobbying reports (if any)

Fourth Quarter 2008

No lobbying reports located.

Political Contributions

Center for Responsive Politics

Related Articles

December 5, 2008 Coastal Banking Company Receives $9.95 Million in TARP Funding (press release)

 

Last Updated May 13, 2009

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