Coastal Federal Bank Unveils The Carolinas' Most Convenient Bank
26 2월 2005 - 12:10AM
PR Newswire (US)
Coastal Federal Bank Unveils The Carolinas' Most Convenient Bank
MYRTLE BEACH, S.C., Feb. 25 /PRNewswire-FirstCall/ -- Coastal
Financial Corporation (NASDAQ:CFCP) today announced that its
banking subsidiary, Coastal Federal Bank, is introducing six-day
branch banking in North and South Carolina. The launch of the
Coastal Federal Bank - The Carolinas' Most Convenient Bank
initiative is designed to Exceed the Expectations of Customers
through the consistent delivery of The Experience of Fantastic!
Customer Service and extended weekday and Saturday banking hours to
further differentiate Coastal Federal Bank from the competition.
Coastal Federal Bank's newest initiative, scheduled to commence on
February 25, 2005, includes: -- Six-day banking at all of its
branches, Monday through Saturday -- Saturday lobby and
drive-through hours Traditional Branches Drive-Thru: 8:00 A.M -
1:00 P.M. Lobby 8:00 A.M - 1:00 P.M. Bi-Lo Branch Lobby: 8:00 A.M -
3:00 P.M. -- Extended lobby and drive-through hours, Monday through
Thursday Traditional Branches Drive-Thru: 8:00 A.M - 6:00 P.M.
Lobby 8:00 A.M - 5:00 P.M. Bi-Lo Branch Lobby: 8:00 A.M - 6:00 P.M.
-- Extended lobby and drive-through hours for Fridays Traditional
Branches Drive-Thru: 8:00 A.M - 7:00 P.M. Lobby 8:00 A.M - 7:00
P.M. Bi-Lo Branches Lobby: 8:00 A.M - 7:00 P.M. "The needs and
expectations of the business Community and the lifestyles of
Carolinians have changed greatly over the years. Our Customers have
told us they want more convenient hours from their bank, we have
listened, and now we're responding," commented Steve Sherry,
Coastal Federal Bank's Executive Vice President of Marketing.
"Six-day branch banking and extended hours give our Customers the
ability to bank when and where it's convenient for them." Coastal
Federal Bank currently offers Customers the ability to access
account information 24 hours a day, 7 days a week via its free
Online Banking service at http://www.coastalfederal.com/ , its cash
management services, automated Telephone Banking System and its
extensive ATM network. Customers have the convenience of visiting
any of our 19 traditional bank branches, spanning the coast of the
Carolinas from Pawleys Island, South Carolina to Wilmington, North
Carolina or 23 conveniently located ATM machines. Saturday and
extended hours banking at Coastal Federal Bank's traditional
branches will offer the same products and services available during
the rest of the week, including account openings and consumer
loans. The Carolinas' Most Convenient Bank launch follows Coastal
Federal Bank's very successful Totally Free Checking With A Gift
program introduced earlier this year. Coastal Federal Bank's
Totally Free Checking With A Gift program opens a Customer's
account free of charge, gives the Customer a gift, and even buys
back the Customer's remaining checks and debit cards from other
banks. "As we continue to move Coastal Financial Corporation to the
next level through this re-branding of Coastal Federal Bank as a
Customer-focused retailer of financial services, we believe The
Carolinas' Most Convenient Bank initiative clearly demonstrates our
unrelenting commitment to embracing change and constant improvement
in Exceeding the Expectations of our Customers," commented Michael
C. Gerald, President and Chief Executive Officer of Coastal Federal
Bank and Coastal Financial Corporation. Coastal Financial
Corporation, headquartered in Myrtle Beach, South Carolina, offers
a broad range of commercial, consumer and mortgage financial
services through two subsidiaries, Coastal Federal Bank and Coastal
Retirement, Estate and Tax Planners, Inc. Coastal Federal Bank,
with assets over $1.3 billion, is a federally chartered and FDIC
insured community bank with nineteen offices serving the
communities of Horry and Georgetown Counties, South Carolina and
Brunswick and New Hanover Counties, North Carolina. Coastal
Retirement, Estate and Tax Planners, Inc. offers professional,
objective, fee-based financial planning services. Additional
information about Coastal Federal is available on its web site at
http://www.coastalfederal.com/ . Stock Trading Information The
common stock of Coastal Financial Corporation is traded on the
Nasdaq Stock Market under the symbol "CFCP." For information,
contact Raymond James Financial Services at 1-843-918-7600, Herzog,
Heine, Geduld, Inc. at 1-800-523-4936, Knight Securities at
212-336-8690, Spear, Leeds & Kellogg at 1-800-526-3160 or
Trident Securities at 1-800-222-2618. Dividend Reinvestment and
Direct Stock Purchase Plan Coastal Financial Corporation offers
Shareholders a Dividend Reinvestment and Direct Stock Purchase Plan
which provides existing and new shareholders a convenient means for
making purchases of Coastal Financial shares free of fees and
brokerage commissions. Additional cash contributions, up to $1,000
per quarter, can be made to purchase additional shares. For more
information, contact the Transfer Agent at 1-800-866-1340, Ext.
2514, or Investor Relations. Shareholder Services Shareholders
desiring to enroll in the Coastal Financial Corporation Dividend
Reinvestment Plan, change the name, address, or ownership of their
stock certificates, report lost or stolen certificates, or to
consolidate accounts should contact the Transfer Agent at
1-800-866-1340, Ext. 2514, or Investor Relations. Investor
Relations Analysts, investors and others seeking financial
information should contact: Susan J. Cooke - Senior Vice President
and Secretary Coastal Financial Corporation 2619 Oak Street Myrtle
Beach, South Carolina 29577 (843) 205-2676 Forward Looking
Statements This news release may contain certain "forward-looking
statements" within the meaning of Section 27A of the Securities
Exchange Act of 1934, as amended, that represent Coastal Financial
Corporation's (the "Company") expectations or beliefs concerning
future events. Such forward-looking statements are about matters
that are inherently subject to risks and uncertainties. Factors
that could influence the matters discussed in certain
forward-looking statements include the timing and amount of
revenues that may be recognized by the Company, continuation of
current revenue and expense trends (including trends affecting
charge-offs), absence of unforeseen changes in the Company's
markets, legal and regulatory changes, and general changes in the
economy (particularly in the markets served by the Company).
Because of the risks and uncertainties inherent in forward looking
statements, readers are cautioned not to place undue reliance on
them, whether included in this news release or made elsewhere from
time to time by the Company or on its behalf. The Company disclaims
any obligation to update such forward-looking statements. In
addition, statements in this news release regarding historical
stock price performance are not indicative of or guarantees of
future price performance. DATASOURCE: Coastal Financial Corporation
CONTACT: Susan J. Cooke, Senior Vice President and Secretary of
Coastal Financial Corporation, +1-843-205-2676 Web site:
http://www.coastalfederal.com/
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