Coastal Financial Corporation serves as a savings and loan holding company for Coastal Federal Bank, a federally chartered mutual savings bank. Coastal Federals principal business consists of attracting deposits from the general public and using these funds to originate consumer, commercial business loans, commercial real estate loans and residential mortgage loans. The Bank conducts its business from its main office in Myrtle Beach, South Carolina, 13 branch offices located in South Carolina, one branch office located in Sunset Beach, North Carolina, one branch office in Southport, North Carolina, one branch office in Shallotte, North Carolina and two branch offices located in Wilmington, North Carolina.