Coastal Financial Corporation Announces an Increase in Quarterly Cash Dividend
23 6월 2005 - 5:07AM
PR Newswire (US)
Coastal Financial Corporation Announces an Increase in Quarterly
Cash Dividend MYRTLE BEACH, S.C., June 22 /PRNewswire-FirstCall/ --
Coastal Financial Corporation (NASDAQ:CFCP) today announced that
the Corporation's Board of Directors declared a five cent ($0.05)
per share dividend on the Company's common stock. The cash dividend
will be payable July 22, 2005 to Shareholders of record as of July
8, 2005. 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 with over $1.45 billion in consolidated assets, 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 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,
Knights Securities at 1-212-336-8690, Spear, Leeds & Kellogg at
1-800-526-3160 or Trident Securities at 1-800-340-6321. Dividend
Reinvestment Plan Coastal Financial Corporation offers Shareholders
a convenient Dividend Reinvestment Plan for automatic reinvestment
of dividends in the common stock of the Company. Additional cash
contributions, up to $1,000 per quarter, can be made to purchase
additional shares through this Plan. 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 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 Corporate 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 Corporate Secretary of Coastal Financial Corporation,
+1-843-205-2676, or Web site: http://www.coastalfederal.com/
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