Management ChangeJul 22, 2026, 07:53 PM
Coastal Financial CFO Brandon Soto Departs; Joel Edwards Interim CFO
AI Summary
Coastal Financial Corporation announced that Brandon Soto, Executive Vice President and Chief Financial Officer, will step down from his role effective August 15, 2026. Mr. Soto has accepted a position as Chief Executive Officer of a banking subsidiary within the financial technology sector. Joel Edwards, who previously served as Coastal Financial's CFO from 2012 to 2025, has been appointed Interim Chief Financial Officer, also effective August 15, 2026. The company plans to initiate a search for a permanent CFO, considering both internal and external candidates.
Key Highlights
- Brandon Soto, EVP and CFO, will depart Coastal Financial effective August 15, 2026.
- Soto is leaving to become CEO of a banking subsidiary of a privately held fintech company.
- Joel Edwards, former CFO (2012-2025) and current advisor, is appointed Interim CFO, effective August 15, 2026.
- Coastal Financial will commence a search for a permanent Chief Financial Officer.
- Soto will remain with the company through the filing and certification of its Q2 2026 10-Q.
Price Impact
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