Written agreement with Coastal Financial Corporation and Coastal Community Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 1, 2009. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Coastal Financial Corporation, a registered bank holding company, Coastal Community Bank, a state chartered member bank, both of Everett, Washington, and the Federal Reserve Bank of San Francisco.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System