Coastal Bank & Trust
CABT
Other OTC9.11
USD
-0.21
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Coastal Bank & Trust
CABT
(Other OTC)
Recent
price
9.11
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Coastal Bank & Trust (CABT) operates as a full-service community bank offering deposit accounts, commercial and consumer loans, and related financial services to retail customers and small- to medium-sized businesses. The bank provides checking and savings accounts; certificates of deposit; debit cards; money orders; cashier's checks; wire transfers; mortgage loans; and personal and business banking solutions including online and mobile banking capabilities. Headquartered in Jacksonville, North Carolina, and founded in April 2009, Coastal Bank & Trust maintains full-service branches in Holly Ridge, Jacksonville, Morehead City, and Richlands, North Carolina, along with a loan production office in New Bern, primarily serving Onslow and Carteret counties and surrounding areas. In April 2024, Coastal Bank & Trust completed a strategic merger with Providence Bank, a subsidiary of PB Financial Corporation (OTCQX: PBNC), in a 75% stock and 25% cash transaction valued at approximately $25.8 million, expanding the combined entity to about $1.2 billion in assets, $996.6 million in loans, and $1.0 billion in deposits as of December 31, 2023. Following the merger, Coastal's branches continued operating under the Coastal name through May 17, 2024, before converting to Providence Bank systems and rebranding, with former Coastal President and CEO Richard G. Jefferson remaining in a senior role at the combined institution headquartered in Rocky Mount, North Carolina. The transaction enhanced lending limits, product offerings, and geographic footprint across eastern North Carolina, from Raleigh to the coast.
Shareholder Alert: Ademi LLP investigates whether Coastal Bank & Trust has obtained a Fair Price in its transaction with PB Financial