Coastal Merges Two Banks

Beaufort, SC-based Coastal Banking Company Inc. has combined its Lowcountry National Bank in Beaufort and it First National Bank of Nassau County in Fernandina, FL. At some point the banks will adopt the CBC National Bank moniker. Coast Banking, with total assets of $445.6 million, also owns The Georgia Bank, located in Meigs, GA. It continues to look for “fill-in opportunities along the coasts of Florida, Georgia, and South Carolina,” says CEO Michael G. Sanchez in a news release.

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