Coastal Financial Corp. - Washington

Coastal Financial Corp. - Washington

Coastal Financial Corp. - Washington

Overview
Date Founded

2003

Headquarters

5415 Evergreen Way,Everett, WA 98203-3646

Type of Company

Public

Employees (Worldwide)

250

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Coastal Financial Corp. operates as a bank holding company. The firm through Coastal Community Bank, provides banking products and services to small and medium-sized businesses, professionals, and individuals. It also offers deposit products. The company was founded by Lee Pintar on July 9, 2003 and is headquartered in Everett, WA.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer, Secretary & Executive Vice President

Executive Vice President & Chief Operating Officer of the Bank

Chief Human Resources Officer & Executive Vice President

Professional

Board of Directors

Chairman, Board of Directors at Coastal Financial Corp. - Washington

Director at Coastal Community Bank (Washington)

Partner at Energy Capital Partners LLC

Co-Founder at Hovde Group LLC

Former Chief Strategy Officer & Executive Vice President at Umpqua Holdings Corp.

President, Chief Executive Officer & Director at Coastal Financial Corp. - Washington

Independent Director at Coastal Financial Corp. - Washington

Managing Director at Montlake Capital LLC

Chief Financial Officer at Portag3 Ventures

Secretary & Chief Risk Officer at Finxact, Inc.

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Coastal Financial Corp. - Washington
Owners & Shareholders
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EJF focuses on regulatory event-driven investing in financials and real estate. Their approach combines investment expertise across the capital structure with a corporate finance focus to unearth what they believe are creative solutions for investing in complex, mispriced securities. The firm employs a value-based, fundamental approach (bottom-up) to security selection with a macro overlay (top-down) based on the regulatory environment.

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FJ Capital is a fundamentally-driven manager which focuses on opportunities in the financial services industry, with an emphasis on the US community/regional bank sector. The firm invests primarily in equity securities of under-followed, publicly traded US community banks. They construct portfolios using proprietary fundamental research to uncover value disparities in the small- and mid-cap banking sector. FJ Capital seeks to take advantage of these disparities by building core positions with longer-term holding periods. They also seek to generate attractive, risk-adjusted investment returns by uncovering opportunities with identifiable, near-term catalysts.

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Endeavor Capital Advisors employs two primary strategies: Endeavour Capital Partners LP and Endeavour Regional Bank Opportunities Fund LP.Endeavour Capital Partners seeks long-term capital appreciation returns above relevant market indices through maintenance of a portfolio consisting primarily of long and short equity positions of companies in the financial sector, although Endeavour may also invest in bonds and other debt securities or in securities of companies outside the financial sector. Generally, long positions are characterized by conservative business models with sustainable or improving earnings at compelling valuations, turnaround situations or trading positions with an identifiable catalyst. Short positions typically include companies with deteriorating fundamentals or trading positions where industry growth is decelerating and/or product pricing is declining.Endeavour Regional Bank Opportunities Fund II seeks to identify well-capitalized regional banks with strong management teams and manageable credit risk that are actively seeking to grow their businesses. This strategy targets banks with small and mid-cap market capitalizations and invests primarily in long and short positions in publicly-traded common stocks, but its investments may also include publicly traded or privately negotiated (or restricted) common stocks, preferred stocks, stock warrants and rights, corporate debt, bonds, notes or other debentures or debt participations, convertible securities, options, swaps and other derivative instruments.

Recent Transactions
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Coastal Financial Corp. - Washington issued USD Common Stock

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Coastal Financial Corp. - Washington raised money in a private placement transaction

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Coastal Financial Corp. - Washington raised money in a private placement transaction

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onCoastal Financial Corp. - Washington raised money in a private placement transaction

Underwriter

Advised onCoastal Financial Corp. - Washington issued USD Common Stock

Underwriter

Advised onCoastal Financial Corp. - Washington issued USD Common Stock

Legal Advisor

Advised onCoastal Financial Corp. - Washington issued USD Common Stock

Counsel

Advised onCoastal Financial Corp. - Washington issued USD Common Stock

Key Stats and Financials As of 2020
Market Capitalization
$365M
Total Enterprise Value
$437M
Earnings Per Share
$1.24
Revenue
$71.2M
Net Profit
$15.2M
Total Debt
$200M
Total Equity
$140M
Enterprise Value / Sales
6.14x
TEVNet Income
28.86x
Debt TEV
0.46x
Three Year Compounded Annual Growth Rate Of Revenue
25.23%
Non-Profit Donations & Grants
Investors
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President, Chief Executive Officer & Director at Coastal Financial Corp. - Washington

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Former Director at Coastal Financial Corp. - Washington

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Co-Founder at Hovde Group LLC

Suppliers
Elliott Cove Capital Management LLC Investment Services & Portfolio Management | Seattle, WA

Elliott Cove Capital Management seeks to provide above average returns with below average risk through a disciplined asset allocation process. Portfolios are constructed using highly-efficient index funds in a process referred to as Disciplined Asset Allocation. Through this process, the firm constructs index-based portfolios that combine several asset classes to produce investments with superior risk/return characteristics and lower costs. Elliot Cove's investment philosophy is based on the idea of efficient markets and seeks to capitalize on these efficiencies. The firm offers 7 main products: all-equity, aggressive, moderate, core, balanced, conservative and capital preservation.The Elliott Cove All Equity Portfolio seeks to generate superior long-term returns that are proportionate to its higher risk profile. The portfolio is constructed from a universe of Dimensional Fund Advisors (DFA) index mutual funds and other high-quality index funds. The firm combines US and foreign equities and real estate investments to form a highly diversified portfolio for the investor with a tolerance for volatility that is approximately the same as the US stock market.The Elliott Cove Aggressive Portfolio seeks to generate superior long-term returns that are proportionate to its higher risk profile. The portfolio is constructed from a universe of Dimensional Fund Advisors (DFA) mutual funds and other high-quality index funds. These funds consist of US and foreign equities, fixed-income and real estate investments which are combined to form a highly-diversified portfolio for the investor with a tolerance for volatility less than the US stock market.The Elliott Cove Moderate Portfolio seeks to generate returns comparable to those of the S&P 500 while incurring less risk than the index. The portfolio is constructed from a universe of Dimensional Fund Advisors (DFA) mutual funds and other high-quality index funds. The portfolio is constructed from index funds consisting of US equities, fixed-income and real estate investments which are combined to form a highly-diversified portfolio for the investor with a moderate risk profile.The Elliott Cove Core Allocation Portfolio seeks to provide a traditional institutional type mix of approximately 60% equities (including REITs) and 40% fixed income. The portfolio seeks to generate returns near the S&P 500 but with a risk level of approximately two-thirds of the index. The portfolio is constructed from a universe of Dimensional Fund Advisors (DFA) mutual funds and may, from time to time, include other high-quality index funds and money market funds. These funds consist of US equities, fixed-income and real estate investments which are combined to form a highly-diversified portfolio for the investor with a tolerance for volatility less than the US stock market as represented by the S&P 500.The Elliott Cove Balanced Portfolio seeks to generate moderate returns over the long-term at a risk that is approximately one-third of that of the S&P 500. The portfolio is constructed from a universe of Dimensional Fund Advisors (DFA) mutual funds and other high-quality index funds. Fixed income investments are combined with U.S equities and real estate investments to lower the volatility of the portfolio, but attain greater upside potential than a bond-only investment. The portfolio is highly-diversified and has excellent risk-reward characteristics.The Elliott Cove Conservative Portfolio seeks to generate greater returns over the long-term than traditional bank CDs or government bonds while incurring minimal risk. The portfolio is constructed from a universe of Dimensional Fund Advisors (DFA) mutual funds and other high-quality index funds. Fixed-income and real estate investments are combined with a limited amount of equity investments to provide low risk, but with greater upside potential than a bond-only investment. The portfolio is highly-diversified and has excellent risk reward characteristics.

Competitors
JPMorgan Chase & Co. Retail & Commercial Banking

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other.

Wells Fargo & Co. Retail & Commercial Banking - Minneapolis, MN

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

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