HOUSTON - Coastal Banc Savings Association said trading in the $25 million public offering of its 9% noncumulative preferred stock, series A, has begun on the Nasdaq national market system under the sumbol CBSAP.

The company said the 1 million-share offering was priced at $25 a share. The first dividend date for the preferred stock will be Dec. 15, 1993.

Managing underwriters are Wertheim Schroder & Co. and Rauscher Pierce Refsnes Inc.

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