Coastal Financial Corporation Announces an Increase in Quarterly Cash Dividend
04 10월 2006 - 3:35AM
Business Wire
Coastal Financial Corporation (Nasdaq:CFCP) today announced that
the Corporation�s Board of Directors declared a five cents ($0.05)
per share dividend on the Company�s common stock. The cash dividend
will be payable November 3, 2006 to Shareholders of record as of
October 20, 2006. 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 $1.6 billion in consolidated
assets, is a federally chartered and FDIC insured Community bank
with twenty-four 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. 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 report may contain certain
�forward-looking statements� within the meaning of Section 27A of
the Securities Exchange Act of 1934, as amended, that represent the
Company�s expectations or beliefs concerning future events. All
forward-looking statements are based on assumptions and involve
risks and uncertainties, many of which are beyond the Company�s
control and which may cause its actual results, performance or
achievements to differ materially from the results, performance or
achievements contemplated by the forward-looking statements.
Forward-looking statements can be identified by the fact that they
do not relate strictly to historical or current facts. They often
include words such as �believe,� �expect,� �anticipate,� �intend,�
�plan,� �estimate� or words of similar meaning, or future or
conditional verbs such as �will,� �would,� �should,� �could� or
�may.� Forward-looking statements speak only as of the date they
are made. Such risks and uncertainties include, among other things:
� Competitive pressures among depository and other financial
institutions in the Company�s market areas may increase
significantly. � Adverse changes in the economy or business
conditions, either nationally or in the Company�s market areas,
could increase credit-related losses and expenses and/or limit
growth. � Increases in defaults by borrowers and other
delinquencies could result in increases in the Company�s provision
for losses on loans and related expenses. � The Company�s inability
to manage growth effectively, including the successful expansion of
the Company�s Customer support, administrative infrastructure and
internal management systems, could adversely affect the Company�s
results of operations and prospects. � Fluctuations in interest
rates and market prices could reduce the Company�s net interest
margin and asset valuations and increase expenses. � The
consequences of continued bank acquisitions and mergers in the
Company�s market areas, resulting in fewer but much larger and
financially stronger competitors, could increase competition for
financial services to the Company�s detriment. � The Company�s
continued growth will depend in part on its ability to enter new
markets successfully and capitalize on other growth opportunities.
� Changes in legislative or regulatory requirements, or actions by
the Securities and Exchange Commission (�SEC�), the Financial
Accounting Standards Board (�FASB�), or the Public Company
Accounting Oversight Board, applicable to the Company and its
subsidiaries could increase costs, limit certain operations and
adversely affect results of operations. � Changes in tax
requirements, including tax rate changes, new tax laws and revised
tax law interpretations may increase the Company�s tax expense or
adversely affect its Customers� businesses. � Company initiatives
now in place or introduced in the future, not producing results
consistent with historic growth rates or results which justify
their costs. In light of these risks, uncertainties and
assumptions, you should not place undue reliance on any
forward-looking statements in this report. Except as may be
required by applicable law or regulation, the Company undertakes no
obligation to publicly update or otherwise revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Coastal Financial Corporation
(Nasdaq:CFCP) today announced that the Corporation's Board of
Directors declared a five cents ($0.05) per share dividend on the
Company's common stock. The cash dividend will be payable November
3, 2006 to Shareholders of record as of October 20, 2006. 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 $1.6 billion in consolidated assets, is a federally
chartered and FDIC insured Community bank with twenty-four 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. 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: -0- *T Susan J. Cooke - Senior Vice
President and Secretary Coastal Financial Corporation 2619 Oak
Street Myrtle Beach, South Carolina 29577 (843) 205-2676 *T Forward
Looking Statements This report may contain certain "forward-looking
statements" within the meaning of Section 27A of the Securities
Exchange Act of 1934, as amended, that represent the Company's
expectations or beliefs concerning future events. All
forward-looking statements are based on assumptions and involve
risks and uncertainties, many of which are beyond the Company's
control and which may cause its actual results, performance or
achievements to differ materially from the results, performance or
achievements contemplated by the forward-looking statements.
Forward-looking statements can be identified by the fact that they
do not relate strictly to historical or current facts. They often
include words such as "believe," "expect," "anticipate," "intend,"
"plan," "estimate" or words of similar meaning, or future or
conditional verbs such as "will," "would," "should," "could" or
"may." Forward-looking statements speak only as of the date they
are made. Such risks and uncertainties include, among other things:
-- Competitive pressures among depository and other financial
institutions in the Company's market areas may increase
significantly. -- Adverse changes in the economy or business
conditions, either nationally or in the Company's market areas,
could increase credit-related losses and expenses and/or limit
growth. -- Increases in defaults by borrowers and other
delinquencies could result in increases in the Company's provision
for losses on loans and related expenses. -- The Company's
inability to manage growth effectively, including the successful
expansion of the Company's Customer support, administrative
infrastructure and internal management systems, could adversely
affect the Company's results of operations and prospects. --
Fluctuations in interest rates and market prices could reduce the
Company's net interest margin and asset valuations and increase
expenses. -- The consequences of continued bank acquisitions and
mergers in the Company's market areas, resulting in fewer but much
larger and financially stronger competitors, could increase
competition for financial services to the Company's detriment. --
The Company's continued growth will depend in part on its ability
to enter new markets successfully and capitalize on other growth
opportunities. -- Changes in legislative or regulatory
requirements, or actions by the Securities and Exchange Commission
("SEC"), the Financial Accounting Standards Board ("FASB"), or the
Public Company Accounting Oversight Board, applicable to the
Company and its subsidiaries could increase costs, limit certain
operations and adversely affect results of operations. -- Changes
in tax requirements, including tax rate changes, new tax laws and
revised tax law interpretations may increase the Company's tax
expense or adversely affect its Customers' businesses. -- Company
initiatives now in place or introduced in the future, not producing
results consistent with historic growth rates or results which
justify their costs. In light of these risks, uncertainties and
assumptions, you should not place undue reliance on any
forward-looking statements in this report. Except as may be
required by applicable law or regulation, the Company undertakes no
obligation to publicly update or otherwise revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Coastal Financial (NASDAQ:CFCP)
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부터 5월(5) 2024 으로 6월(6) 2024
Coastal Financial (NASDAQ:CFCP)
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부터 6월(6) 2023 으로 6월(6) 2024