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  September 5, 2001
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Home > Company Index > Banking > Banking - Southeast > Coastal Banking Company, Inc.

Coastal Banking Company, Inc.
OTC: CBCO
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 PROFILE
Hoping to capitalize on the desire for small-town banking to continue amid coastal South Carolina's rapid growth, a group of southeastern banking veterans formed Coastal Banking, which owns Lowcountry National Bank. Opened in 2000, the single-branch bank (located in Beaufort, south of Charleston) provides checking, savings, and NOW accounts, as well as CDs, safe-deposit boxes, traveler's checks, and ATMs. Lowcountry National offers a variety of loans, including commercial and single-family real estate mortgages and commercial, home equity, and consumer loans; real estate mortgages comprise almost two-thirds of its loan portfolio.

 COMPETITION
Bank of America Corporation (BAC)
First National Corporation (FNC)
First Union Corporation (FTU)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1.00
1-Yr. Sales Growth: 1,550.2%
Employees: 12
Revenue per employee: $83,333.33

 KEY PEOPLE
• Randolph C. Kohn
    CEO
• Charlie T. Lovering
    CFO

 CONTACT INFO
1001 Bay St., Ste. 202
Beaufort, SC 29902
US
Phone: 843-522-1228
Fax: 843-524-4510

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