Coastal Financial Appoints Brian Hamilton as President of CCBX

By Bobby Samwell • Friday, October 04 10:19 • Permanent Link

Coastal Financial Corporation (NASDAQ: CCB) and its subsidiary, Coastal Community Bank, have announced a reorganization of the role of president of the bank to accommodate its growth and future plans. The bank has appointed Brian Hamilton as president of CCBX, the fintech and banking-as-a-service division, while Curt Queyrouze, the current president of the company and the bank, will serve as president of the community bank division.

As of June 30, 2024, Coastal Financial Corporation had total assets of $3.96 billion, loans receivable of $3.3 billion, total deposits of $3.5 billion, and total shareholders’ equity of $316.7 million.

The newly appointed president of CCBX, Brian Hamilton, brings over 25 years of experience in banking, lending, payments, and digital product development. His previous roles include serving as president of the merchant services division at Capital One, as well as holding senior leadership positions at Wells Fargo and Verifone. Additionally, Hamilton was the co-founder and CEO of One Finance Inc., which was acquired by a Walmart-led joint venture in 2022.

Coastal Financial Corporation's CEO, Eric Sprink, expressed confidence in Hamilton's background and extensive expertise, emphasizing the company's focus on growing CCBX and seeking individuals to bolster the banking-as-a-service division.

Furthermore, Sprink highlighted the importance of evolving the community banking division to incorporate additional digital access for customers, expressing excitement about integrating the local, customer-first, community banking perspective and experience into new customer offerings.

It is evident that Coastal Financial Corporation is strategically positioning its leadership team to align with its growth plans, leveraging the expertise of individuals like Brian Hamilton to further develop its fintech and community banking divisions. Following these announcements, the company's shares moved 2.0%, and are now trading at a price of $53.02. For the full picture, make sure to review Coastal Financial's 8-K report.

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