Coastal Financial Corporation CCB

Company Overview

Coastal Financial Corporation is a U.S.-based bank holding company for Coastal Community Bank, a Washington state-chartered commercial bank that provides banking-as-a-service (BaaS), commercial banking, and consumer banking products. The company operates primarily in the financial services and banking industries, with a business model that combines traditional community banking with embedded finance and fintech partnership capabilities. Its revenue is primarily generated through interest income from loans and securities, fee income associated with fintech partnerships, and deposit-related banking services.

The company serves small and medium-sized businesses, commercial real estate borrowers, consumers, and financial technology partners across the United States. A distinguishing aspect of Coastal Financial’s strategy is its CCBX division, which enables fintech firms to offer banking products through Coastal’s regulated banking infrastructure. Founded in 1997 and headquartered in Everett, Washington, the company expanded from a regional community banking institution into a nationally recognized BaaS platform provider through investments in digital infrastructure and fintech partnerships.