Item 8.01Other Events

On January 22, 2020, Coastal Financial Corporation announced that its subsidiary, Coastal Community Bank, hired Andrew Stines to serve as its Chief Risk Officer.

Mr. Stines has a degree in Business Management from the University of Colorado, a Masters in Finance from Seattle University School of Business, and a Juris Doctor from Seattle University School of Law. Mr. Stines brings a successful track record of legal, compliance, and risk management experience.

A copy of the press release announcing this appointment is attached herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.





Exhibits



NumberDescription



99.1  Press Release dated January 22, 2020



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