Coastal Financial Corporation Overview
Pro stress-test →Coastal Financial operates as a bank holding company that provides traditional banking services and Banking-as-a-Service (BaaS) solutions to consumers and businesses, pioneering the intersection of traditional banking and financial technology in the Pacific Northwest. The bank operates through 14 branches in Snohomish, Island, and King Counties in Washington.
Strategic Profile
Pro stress-test →The company's business is structured around two primary operating segments: its traditional Community Bank segment serving the Puget Sound region in Washington state, and its innovative CCBX segment that delivers Banking-as-a-Service solutions to fintech partners nationwide. Commercial lending forms the backbone of the community segment, with emphasis on commercial real estate, commercial and industrial loans, construction loans, and SBA lending programs.
Competitive Landscape
Pro stress-test →Coastal competes with regional banks in the Pacific Northwest like Columbia Banking System (NASDAQ: COLB) and Heritage Financial (NASDAQ: HFWA) in its community banking segment. In its Banking-as-a-Service segment, it faces competition from other BaaS providers like The Bancorp (NASDAQ: TBBK), Evolve Bank & Trust, and Cross River Bank.
Industry Context
Coastal Financial Corporation operates in Commercial Banking.
Key facts
Founded: 1997 · Headquarters: Everett, Washington · Employees: 483 · Revenue: $149.4M (Q1 2026) · Market cap: $1.25B