CoastalSouth Bancshares, Inc. Completes $9 Million Common Stock Offering

HILTON HEAD ISLAND, S.C., April 2, 2023 /PRNewswire/ -- CoastalSouth Bancshares Inc. ("CoastalSouth" or the "Company"), the holding company for Coastal States Bank ("CSB"), is pleased to announce that it has concluded a private placement of common stock for gross proceeds of approximately $9 million. CoastalSouth intends to use the net proceeds from the private placement for general corporate purposes, including continued growth and maintenance of bank level regulatory capital ratios.

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