Coast Financial Holdings, Inc. Files Registration for Public Offering
August 12 2005 - 6:14PM
PR Newswire (US)
BRADENTON, Fla., Aug. 12 /PRNewswire-FirstCall/ -- Coast Financial
Holdings, Inc. (NASDAQ:CFHI) today announced that it has filed a
registration statement with the U.S. Securities and Exchange
Commission for a follow-on offering of up to $40.25 million of its
common stock, including the underwriters' over-allotment option, if
any. All shares of the common stock to be sold in the offering will
be offered by the Company. Sandler O'Neill & Partners, L.P. is
the sole book-runner and lead manager for the offering, and Sterne,
Agee & Leach, Inc. is the co-manager. Coast Financial Holdings,
Inc., headquartered in Bradenton, Florida, is the bank holding
company for Coast Bank of Florida. Coast Bank provides a broad
array of consumer and commercial banking services to individuals
and to small and mid-size businesses located in and around Manatee,
Pinellas, and Sarasota counties, Florida. This offering is made
only by means of a prospectus. When available, copies of the
preliminary prospectus can be obtained from Sandler O'Neill &
Partners, L.P., 919 Third Avenue, 6th Floor, New York, New York
10022. A registration statement relating to these securities has
been filed with the Securities and Exchange Commission but has not
yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time that the registration
statement becomes effective. This press release does not constitute
an offer to sell or a solicitation of an offer to buy the
securities described herein, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. Contact: Brian P. Peters, President and Chief
Executive Officer, Coast Financial Holdings, Inc., 1-877-COASTFL.
DATASOURCE: Coast Financial Holdings, Inc. CONTACT: Brian P.
Peters, President and CEO of Coast Financial Holdings, Inc.,
+1-877-COASTFL, or Web site: http://www.coastbankflorida.com/
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