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Coastal Banking Company, Inc.
1001 Bay Street, Suite 202, Beaufort, SC 29902 * (843) 522-1228
Business Description The company is a bank holding company for the Lowcountry National Bank. The bank will focus on the local community, emphasizing personal service to individuals and businesses in Beaufort County, South Carolina.
Filing
Information

Not yet
public

To Trade As  CBCO (OTC) Industry  Financial (SIC 6021)
Type of Stock Offered Common Shares Filing Date  9/1/99
Domestic Shares Filed 870,000 Filing Price  $10.00
Foreign Shares Filed  0 Offering Amount  $8,700,000
Company Shares  870,000 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Edgar M. Norris & Co., Inc. Lead Manager (864) 233-3655
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 9 Months Ending
Figures in U.S. millions except per share data             6/30/99
Revenues   - - - - - - 0.000
Income from Oper.   - - - - - - 0.000
Net Income   - - - - - - -0.145
E.P.S   - - - - - - -
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     - - -0.14
Cash Flow - Inv.     - - -0.04
Cash Flow - Fin.     - - 0.20
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    0.06 Current Assets    - Current Ratio    -
Total Liab.    0.20 Current Liab.    - Debt Ratio    356.78%
Total Equity    -0.14 Working Cap.    - Debt to Equity Ratio    -
Cash    0.02    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Nelson Mullins Riley & Scarbourough
Bank's Law Firm  Long, Aldridge & Norman
Auditor  Tourville, Simpson & Henderson
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Last updated: 11/1/99 12:39:27 AM
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