Everett’s Coastal Financial Corp. announces 2nd quarter gains

Published 1:30 am Tuesday, August 1, 2017

Everett-headquartered Coastal Financial Corporation, the holding company for Coastal Community Bank, announced net income for the second quarter of 2017 to be $1.9 million, an increase of 58 percent compared to the same period in the prior year.

Coastal’s net income year-to-date is $3.2 million. Highlights of the report include deposits increasing 13 percent year-over-year and now totaling $640.9 million.