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Washington bank Coastal Financial files for a $30 million IPO

June 19, 2018

Coastal Financial, a community bank in Washington state, filed on Tuesday with the SEC to raise up to $30 million in an initial public offering.

The Everett, WA-based company was founded in 1997 and booked $35 million in revenue for the 12 months ended March 31, 2018. It plans to list on the Nasdaq under the symbol CCB. Keefe Bruyette Woods and Hovde Group are the joint bookrunners on the deal. No pricing terms were disclosed.