COASTAL BANK & TRUST

Coastal Bank & Trust was established on April 13, 2009, and originally operated under its founding name until it underwent several regulatory changes. On April 25, 2012, the bank changed its primary federal regulatory agency to the Federal Reserve and became a state-chartered bank, thus becoming a member of the Federal Reserve System. After providing banking services for over a decade, Coastal Bank & Trust merged with Providence Bank on April 9, 2024, becoming part of the financial institution located in Rocky Mount, North Carolina.

Below is a list of some important events in banks history, including mergers and acquisitions.

DATEEVENT

2009-04-13Institution established. Original name: Coastal Bank & Trust.

2012-04-25Institution becomes member of the Federal Reserve System.

2012-04-25Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2012-04-25Changed Primary Federal Regulatory Agency to FED.

2024-04-09Merged and became part of Providence Bank in Rocky Mount, NC.