Coastal Carolina Bancshares, Inc. — News

MYRTLE BEACH, SC AND CHARLESTON, SC / ACCESS Newswire / May 29, 2026 / Coastal Carolina Bancshares, Inc. ("Coastal") (OTCQX:CCNB), the parent company of Coastal Carolina National Bank, and Beacon Holding Company, Inc. ("Beacon") (OTCQB:BCON), the parent company of Beacon Community Bank, today jointly announced they have entered into a definitive agreement pursuant to which the companies will combine in an all-stock transaction to create the third-largest publicly traded community bank holding company headquartered in South Carolina. Transaction Highlights: Merger of Equals transaction creating a premier South Carolina bank holding company headquartered in Charleston with approximately $2.2 billion in consolidated assets and a market capitalization of approximately $200 million The combined company will have sixteen branches and a loan production office serving attractive markets throughout the coastal Carolinas from Wilmington, NC to Charleston, SC and inland to the upstate, some of the fastest growing and most demographically attractive markets in the country Closely aligned corporate cultures and operating philosophies with a continued focus on and presence in our combined communities Strong pro-forma profitability and enhanced trading liquidity create significant shareholder value Transaction Details: The combined $2.2 billion holding company will remain Coastal Carolina Bancshares, Inc. and continue trading under the ticker symbol CCNB.

accessnewswire.com - 2026-05-29 09:30:00

MYRTLE BEACH, SC / ACCESS Newswire / April 24, 2026 / Coastal Carolina Bancshares, Inc. (the "Company") (OTCQX:CCNB), parent company of Coastal Carolina National Bank (the "Bank"), reported unaudited financial results for the three months ended March 31, 2026. For the first quarter of 2026, the Company reported net income of $3.3 million, or $0.43 per diluted share, compared to net income of $3.1 million, or $0.47 per diluted share, for the linked quarter ended December 31, 2025, and net income of $2.4 million, or $0.38 per diluted share, for the first quarter of 2025.

accessnewswire.com - 2026-04-24 12:40:00