Coastal Financial Corp (EVERETT). Stock Analysis CCB

Coastal Financial Corp. is a bank holding company, which engages in the provision of banking products and services to small and medium-sized businesses, professionals, and individuals. The company is headquartered in Everett, Washington and currently employs 483 full-time employees. The company went IPO on 2018-07-18. The firm operates through three segments: the community bank, CCBX and treasury & administration. The community bank segment includes all community banking activities, with a primary focus on providing a wide range of banking products and services to consumers and small to medium-sized businesses in the broader Puget Sound region in the state of Washington and through the Internet and its mobile banking application. The CCBX segment provides banking as a service (BaaS) that allows its broker-dealer and digital financial service partners to offer their customers banking services. The treasury & administration segment includes investments, debt and other reporting items that are not specific to the community bank or CCBX segments. The company operates about 14 full-service banking locations, 12 of which are located in Snohomish County.