Federal Reserve Board announces termination of enforcement action against Coastal Financial Corporation and Coastal Community Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 9, 2012. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Coastal Financial Corporation and Coastal Community Bank, both of Everett, Washington Written Agreement dated Sept. 25, 2009 Terminated August 6, 2012 Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System