Filing Analysis
CoastalSouth Bancshares, Inc. announced the resignation of Director Boris Gutin from the Board of Directors, effective November 19, 2025. The departure is a routine transition following the company's recent IPO and is not due to any disagreement with the company.
📋 Key Facts
- Boris Gutin resigned from the Board of Directors effective November 19, 2025.
- The resignation was prompted by GCP Capital Partners' policy against having representatives on boards of public companies following the company's IPO.
- Mr. Gutin explicitly stated his resignation is not due to any disagreement with the Company regarding operations, policies, or practices.
CoastalSouth Bancshares, Inc. filed an 8-K to announce its third quarter 2025 results for the period ended September 30, 2025. The filing serves as a formal announcement of earnings and financial condition via a press release.
📋 Key Facts
- Report date: October 20, 2025
- Reporting period: Third Quarter ended September 30, 2025
- The company issued an earnings release (Exhibit 99.1) and an investor presentation (Exhibit 99.2)
- Signed by Anthony P. Valduga, CFO & COO
CoastalSouth Bancshares, Inc. has fully redeemed its outstanding 5.95% Fixed to Floating Rate Subordinated Notes due 2030. The redemption was executed at par value plus accrued interest.
📋 Key Facts
- Redemption date: September 15, 2025
- Instrument: 5.95% Fixed to Floating Rate Subordinated Notes due 2030
- Principal amount redeemed: $15,000,000
- Redemption price: 100% of principal plus accrued and unpaid interest
- Original issuance date: September 9, 2020
CoastalSouth Bancshares, Inc. filed an 8-K to announce its second quarter 2025 financial results for the period ended June 30, 2025.
📋 Key Facts
- Report date: July 28, 2025
- Reporting period: Second Quarter ended June 30, 2025
- The filing includes an earnings release as Exhibit 99.1
- Company is classified as an emerging growth company