Coastal Financial Corporation (NASDAQ: CCB) and its subsidiary, Coastal Community Bank, have appointed Brandon Soto as the new Chief Financial Officer, effective October 1st, 2025. Soto joins the bank after serving as the CFO of Square Financial Services, Inc., a subsidiary of Block, Inc.
With over two decades of experience, including leadership roles at major financial institutions and fintech brands, Soto brings a wealth of industry expertise and strategic foresight to his new role. During his seven-year tenure as CFO of Square Financial Services, he oversaw all aspects of the bank’s financial operations and played a pivotal role in building and scaling its financial operations.
Coastal Financial Corporation, with $4.48 billion in assets, provides services through 14 branches in Snohomish, Island, and King counties, as well as through the internet and its mobile banking application. The bank also provides banking services to digital financial service providers, companies, and brands through its CCBX segment.
Eric Sprink, the company’s CEO, expressed deep enthusiasm for Soto's appointment, citing his extraordinary record of accomplishment and commitment to financial empowerment and innovation as precisely what Coastal needs as it pursues its mission of serving communities, modernizing operations, and creating lasting value for its customers, partners, and shareholders.
Soto's appointment marks a new chapter for Coastal, reaffirming its dedication to operating excellence, strong regulatory stewardship, and the continued scaling of both its fintech and community banking divisions. His extensive experience and leadership in financial operations, regulatory reporting, and strategic growth position him well to contribute to Coastal's future success. As a result of these announcements, the company's shares have moved 2.5% on the market, and are now trading at a price of $116.425. Check out the company's full 8-K submission here.
