Coastal States Bank Expands into Charleston, Announces Local Commercial Banking Team

Core Viewpoint - Coastal States Bank (CSB) is expanding into the Charleston market, building on its established presence in the Lowcountry and reflecting its ongoing investment in the region [1][2][3]. Company Expansion - CSB has assembled a locally based commercial banking team with over 50 years of combined experience to support its expansion in Charleston [2]. - Edward Vaughan has been appointed as Charleston Market President, supported by David Wenger and Thomas Pritchard, who will focus on developing deposit and loan relationships for small and mid-sized businesses [2][3]. Market Strategy - The expansion is aligned with CSB's relationship-driven banking model, emphasizing local expertise and trust, which are valued in the Charleston market [3]. - The bank aims to provide services in C&I lending, commercial real estate lending, and treasury management [2]. Company Overview - CSB offers a full range of banking services for businesses and individuals, with a community banking presence in various locations including Hilton Head Island, Bluffton, Beaufort, and Charleston [4]. - The bank currently has approximately $2.3 billion in total assets [4].