Coastal States Bank (CSB) recently announced its strategic expansion into the Charleston market with a dedicated Local Commercial Banking Team. This community bank has its headquarters on Hilton Head Island. It has served clients in Beaufort County for over 20 years. This move marks a major step in its Lowcountry growth.
The bank hired three experienced professionals to lead this effort. Edward Vaughan joins as the Charleston Market President. David Wenger will serve as the Senior Commercial Banker. Thomas Pritchard joins the group as a Commercial Banker. Combined, they offer more than 50 years of banking experience. This Local Commercial Banking Team will focus on building deep deposit and loan relationships. They will provide treasury management and C&I lending for local businesses.
“Our expansion into Charleston builds upon the strong foundation we have established in the Lowcountry and reflects our continued investment in this dynamic region,” said Stephen R. Stone, President and Chief Executive Officer of CSB. “This market values relationships, local expertise, and trust, values that define how we do business. Charleston and this outstanding team of bankers, led by Edward Vaughan, are a natural fit for our relationship-driven banking model.”
“It is an honor to join the CSB team,” said Vaughan. “Charleston’s business community is diverse, entrepreneurial, and deeply connected to this region. Our team is proud to bring a relationship banking approach that combines local insight with the service and financial resources businesses need to succeed.”
Strategic Growth in South Carolina
The expansion follows the bank’s initial public offering and listing on the NYSE last July. CSB currently manages approximately $2.3 billion in total assets. It operates as a subsidiary of CoastalSouth Bancshares, Inc. This new Local Commercial Banking Team strengthens its presence across South Carolina and Georgia. The bank remains committed to a relationship-driven model. It aims to help small and mid-sized businesses thrive. Charleston businesses can now access specialized local expertise and financial resources easily.
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News Source: Businesswire.com
