Coastal announces all-time high in total assets

Published 6:30 am Monday, February 13, 2017

Coastal Financial Corporation, the holding company for Everett-headquartered Coastal Community Bank, announced a new all-time high of $740.1 million in total assets for the fourth quarter of 2016.

Net income for the quarter was $1.4 million with a year-to-date net income of $5.0 million. Coastal’s assets have grown, on average, 19 percent annually over the past four years.