Bailout Bank Bio: Coastal Banking Company

May 13, 2009 | 1 min read | Print Article

Coastal 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).

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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