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L. Scott Askins Joins CoastalSouth Bancshares, Inc. and Coastal States Bank Board of Directors


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ATLANTA, June 2, 2021 /PRNewswire/  The Board of Directors of CoastalSouth Bancshares, Inc. ( CoastalSouth ) and Coastal States Bank ( CSB ) announced that it has added a new director, L. Scott Askins. Scott is experienced in scaling companies and driving key operating strategies of organic and acquisitive growth.  
(PRNewsfoto/Coastal States Bank)
Throughout Scott s career, she has successfully executed over 50 strategic transactions in three separate industries – FinTech, SaaS, and Healthcare, said Steve Stone, President and Chief Executive Officer of CoastalSouth and CSB.   As a trusted board advisor to global, early- and late-stage private and public companies, she brings over 20 years of C-Suite experience in effectuating stockholder value creation through expertise in corporate finance, director-shareholder engagement, governance, compliance, and risk management. ....

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CoastalSouth Bancshares, Inc. and Cornerstone Bancshares, Inc. Announce Definitive Merger Agreement


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ATLANTA, April 23, 2021 /PRNewswire/ CoastalSouth Bancshares, Inc. ( CoastalSouth or the Company ), the parent company of Coastal States Bank ( CSB ), and Cornerstone Bancshares, Inc. ( Cornerstone ), the parent company of Cornerstone Bank, announced today the signing of a definitive merger agreement pursuant to which Cornerstone will merge with and into CoastalSouth. Following completion of the merger, Cornerstone Bank will become part of CSB. The transaction has been unanimously approved by the Board of Directors of each company and is expected to close in the third quarter of 2021.
(PRNewsfoto/Coastal States Bank)
Cornerstone Bank currently operates three branches in metro Atlanta. The merger will significantly expand CSB s presence in the Atlanta market and, on a pro forma basis, the Company will have more than $500 million in total deposits in the Atlanta MSA. ....

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