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.