Management ChangeJul 30, 2026, 04:43 PM

Coastal Financial Appoints Christopher D. Adams as Executive Chair

AI Summary

Coastal Financial Corporation has appointed Christopher D. Adams as Executive Chair of its Board of Directors, effective July 29, 2026. Mr. Adams, who has been a non-employee board member since 2016, will receive an annual base salary of $750,000 under a five-year employment agreement. Concurrently, Thomas Lane was appointed Lead Independent Director. The company also amended its bylaws to reflect the authority and duties of these new roles.

Key Highlights

Christopher D. Adams appointed Executive Chair of the Board, effective July 29, 2026.
Mr. Adams has served as a non-employee board member since 2016.
His employment agreement has an initial term of five years.
He will receive an annual base salary of $750,000.
Thomas Lane appointed Lead Independent Director, effective July 29, 2026.
Company bylaws were amended to define the roles of Executive Chairperson and Lead Independent Director.

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CCB

Major Banks

COASTAL FINANCIAL CORP

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