Coastal Carolina Bancshares Business Summary

Coastal Carolina Bancshares, Inc. (OTCQX: CCNB) operates as the bank holding company for Coastal Carolina National Bank, a community-focused financial institution primarily serving the South Carolina and coastal North Carolina markets. The company generates revenue through a traditional spread-based model, earning net interest income from a diverse loan portfolio that includes commercial and industrial, real estate, and consumer lending, alongside non-interest income derived from service charges, interchange fees, and mortgage origination. Its primary business segments are categorized into Personal Banking, Business Banking, and Residential Mortgage Services. Positioned as a high-growth, relationship-driven alternative to larger regional players, CCNB competes directly with South Atlantic Bancshares, Inc., First National Bank of South Carolina, and F&M Bank Corp, distinguishing itself through a "We Can Do That" service philosophy and superior asset quality, evidenced by a 0.0% non-performing asset ratio reported as of early 2026. Originally founded in 2009 by a group of local business leaders in Myrtle Beach, the company is currently led by President and CEO Laurence S. Bolchoz, Jr., who has directed the bank's strategic expansion since 2012. The executive team includes Russell Vedder (EVP and Chief Financial Officer), Justin Lee (EVP and Chief Lending Officer), and Robert P. Hucks II (EVP and Chief Banking Officer), all of whom possess extensive experience in the Carolinas' banking sector. The Board of Directors is chaired by Dennis L. Wade, CEO of The Jackson Companies, and includes prominent regional figures such as Henrietta U. Golding and Benjy A. Hardee. In late 2025, the company further solidified its capital position through a $15 million private placement of common equity from institutional and accredited investors to support ongoing strategic growth initiatives.