Coastal Carolina Bancshares Inc. (CCNB)
OTCQX OTCQX Primary Summary
Coastal Carolina Bancshares, Inc. Announces Third Quarter Results
MYRTLE BEACH, SC / ACCESSWIRE / October 21, 2024 / Coastal Carolina Bancshares, Inc. (the "Company") (OTCQX:CCNB), parent of Coastal Carolina National Bank (the "Bank"), reported unaudited financial results for the third quarter of 2024. The Company reported net income for the three months ended September 30, 2024 of $2,235,070 or $0.36 per share, compared to $1,956,948 or $0.31 per share for the prior quarter ended June 30, 2024 and $2,033,656 or $0.33 per share for the third quarter of 2023.
Coastal Carolina Bancshares, Inc. Reports Second Quarter Results
MYRTLE BEACH, SC / ACCESSWIRE / July 23, 2024 / Coastal Carolina Bancshares, Inc. (the "Company") (OTCQX:CCNB), parent of Coastal Carolina National Bank (the "Bank"), reported unaudited financial results for the second quarter of 2024. The Company reported net income for the three months ended June 30, 2024 of $1,956,948 or $0.31 per share, compared to $1,984,571 or $0.32 per share for the same period in the prior year and $1,650,696 or $0.26 per share for the prior quarter ended March 31, 2024.
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Coastal Carolina Bancshares Inc. Profile
| Banks Industry | Financials Sector | Laurence S. Bolchoz Jr. CEO | OTCQX Exchange | 190435107 CUSIP |
| US Country | 31 Employees | - Last Dividend | 12 Apr 2019 Last Split | - IPO Date |
Overview
Coastal Carolina Bancshares, Inc. serves as a powerful backbone for Coastal Carolina National Bank, a nationally chartered commercial bank that marks its presence prominently across Horry County, Richland County, Aiken County, and Greenville County, South Carolina. Having laid its foundation in 2008, the bank's headquarters is nestled in Myrtle Beach, South Carolina, embodying a strong commitment to offering a wide array of banking products and services. The establishment not only caters to the banking needs of the local population but also actively engages in fostering the growth and development of the communities it operates within.
Products and Services
The bank's suite of products and services is meticulously curated to meet the varied needs of its customers, ranging from basic banking to sophisticated financial solutions.
- Deposit Products: Coastal Carolina National Bank offers a diverse portfolio of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit. These products are designed to cater to the everyday banking needs of individuals, ensuring their money is safe while generating interest.
- Personal Loans: To cater to personal financing needs, the bank provides a variety of loans such as home equity lines of credit, car and truck loans, boat loans, and general personal loans, along with overdraft protection services. These loans are tailored to help individuals finance their dreams and cover unexpected expenses.
- Real Estate and Consumer Loans: Customers have access to residential real estate, non-residential real estate, and consumer loans, catering to both personal and commercial property purchases and investments. In addition, the bank also extends construction and land development loans, supporting customers in their property development projects.
- Commercial and Industrial Loans: For businesses looking to invest in growth, expansion, or operations, Coastal Carolina offers real estate mortgage, other real estate loans, and commercial and industrial financing options. These solutions are designed to provide firms with the financial muscle to scale operations, acquire properties, or manage cash flow.
- Cash Management and Treasury Services: With a focus on business clients, the bank delivers comprehensive cash management and treasury solutions, including services for payables and receivables, liquidity management, reconciliation and reporting, and fraud mitigation. These are crucial services for businesses aiming to optimize their financial operations.
- Digital Banking Services: Embracing modern technology, Coastal Carolina National Bank offers online and mobile banking, telephone banking, and innovative solutions like mobile deposit and remote deposit capture. For business clients, services such as lockbox, insured cash sweep, wire origination, and online ACH origination with payroll direct deposit enhance operational efficiency. Additionally, customers can access both debit and credit card services, further simplifying banking transactions.
