UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 15, 2018

 

 

COASTAL FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Washington		001-38589		56-2392007
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

5415 Evergreen Way, Everett, Washington 98203

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (425) 257-9000

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☒

 

 

 

Item 8.01

Other Events

On October 15, 2018, Coastal Financial Corporation (the “Company”) issued a news release announcing the hiring of Daniel J. Lee as the Executive Vice President and Chief Credit and Risk Officer of Coastal Community Bank (the “Bank”), the Company’s wholly owned subsidiary. A copy of the news release is included as Exhibit 99.1 to this Report and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits

Exhibits

 

Number		Description
99.1		Press release dated October 15, 2018

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

				COASTAL FINANCIAL CORPORATION (Registrant)
Date: October 15, 2018				By:		/s/ Joel Edwards
						Joel Edwards
						Executive Vice President and Chief Financial Officer