SIGNIFICANT INFUSION OF CAPITAL PUTS COMMUNITY BANK BACK ON TRACK TO EXPAND.
The financial crisis of the late 2000s hit the United States hard — especially small community banks. While big banks were bailed out, roughly 85 percent of all financial institutions that failed during the crisis held less than $1 billion in assets. These are the local banks that help small business grow, and locally many simply vanished.
But CoastalStates Bank not only survived the financial crisis, it thrived. And thanks to a fresh infusion of capital, it’s ready to resume the course it set before the world of banking turned upside down.