Coastal Banking Company Inc. Named to 2018 OTCQX Best 50; Achieves the Coveted Distinction Three of the Past Four Years
BEAUFORT, S.C., Feb. 1, 2018 /PRNewswire/ -- Coastal Banking Company Inc. (OTCQX: CBCO) is pleased to announce it has been named to the 2018 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. This marks the third time in the past four years that Coastal Banking Company Inc. has received this prestigious recognition, having ranked on the inaugural OTCQX Best 50 in 2015, as well as in 2016. Coastal is ranked No. 34 on the 2018 list.
The 2018 OTCQX Best 50 is an annual ranking of the 50 top performing U.S. and international companies traded on the OTCQX Best Market based on 2017 total return and average daily dollar volume growth.
"We are gratified once again to be named to the OTCQX® Best 50," said Michael G. Sanchez, chairman and chief executive officer of Coastal Banking Company Inc. "Achieving this prestigious distinction for three of the past four years is a testament to the performance of our company, and our people, in delivering consistently strong operating results. The increased exposure gained from trading on the OTCQX Best Market, combined with the improved liquidity and price stability of our stock, along with our strong, steady earnings, continue to benefit our shareholders."
For the complete 2018 OTCQX Best 50 ranking, click: https://otc-ct-otcm-backend-prod.s3.amazonaws.com/files/Best50_2018-1516730454713.pdf
The OTCQX Best Market offers the best informed and most efficient trading for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, demonstrate compliance with U.S. securities laws, be current in their disclosure and be sponsored by a professional third-party advisor. OTCQX companies are distinguished by the excellence of their operations and diligence with which they convey their qualifications.
About Coastal Banking Company Inc.
Coastal Banking Company Inc. is the $604.7 million-asset bank holding company of CBC National Bank, headquartered in Fernandina Beach, Fla., which provides a full range of consumer and business banking services through full-service banking offices in Fernandina Beach, Ocala, and The Villages, Fla., and Beaufort and Port Royal, S.C. The company's residential mortgage banking division, headquartered in Atlanta, includes both traditional retail and wholesale lending groups, which together have lending offices in Florida, Georgia, Maryland, South Carolina, North Carolina, Illinois, Ohio and Tennessee. The company's SBA lending division operates under SBA's delegated authority, originating SBA, USDA and FSA loans throughout the southeastern United States. Headquartered in Fernandina Beach, its offices are located in Jacksonville, Ft. Myers, Tampa and Vero Beach, Fla., Greensboro, N.C., Atlanta and Tifton, Ga., and Beaufort. For more information on CBC National Bank, visit www.cbcnationalbank.com.
The company's common stock is publicly traded on the OTCQX Best Market under the symbol CBCO. The company was named to the OTCQX® Best 50 in 2015, 2016 and 2018, an annual ranking of the top 50 U.S. and international companies traded on the OTCQX Best Market, based on equal weighting of one-year return and average daily dollar volume growth. For more information on Coastal Banking Company, visit www.coastalbanking.com.
On Nov. 7, 2017, First Federal Bancorp Inc., the holding company of First Federal Bank of Florida, announced a definitive merger agreement to acquire Coastal Banking Company Inc., and CBC National Bank. It is expected that the merger will close and the two companies will become one organization in the second quarter of 2018, pending required shareholder and regulatory approvals.
SOURCE Coastal Banking Company Inc.
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