Author Archives: Coastal Carolina National Bank

Stephanie Springs English Branch Manager of New Branch in Garden City

Coastal Carolina National Bank (CCNB) in Myrtle Beach, S.C., has named Stephanie Springs English as branch manager of CCNB’s newest location in Garden City. She will play a key role in the growth and development of CCNB’s newest branch along the South Strand.

Prior to joining CCNB, English worked at DSL Marketing as an account executive. In addition, she has several years of experience in the banking industry along the Grand Strand.

“We are pleased to have Stephanie as the branch manager of our Garden City location,” said Laurence S. Bolchoz, Jr., president and chief executive officer of Coastal Carolina National Bank. “As an experienced community banker, she understands the importance of  relationship banking. As a native and current resident of the South Strand, she is also familiar with the needs of its residents. Working closely with our South Strand manager, Kyle Hawley, we anticipate that she will play a pivotal role in the success of our newest location, and in our future growth along the South Strand.” Continue reading “Coastal Carolina National Bank Names Stephanie Springs English Branch Manager Of New Garden City Location” »

Kyle Hawley Named South Strand Manager – Vice President

Coastal Carolina National Bank (CCNB) in Myrtle Beach, S.C., has named W. Kyle Hawley South Strand Manager – Vice President of CCNB’s newest branch in Garden City. His primary focus will be leading the new Garden City team and developing new relationships for CCNB on the South Strand.

Hawley is very familiar with the South Strand. Prior to joining CCNB, he worked in the banking industry in the Surfside and Pawleys Island markets, most recently as a commercial lender in Pawleys Island.

“We are pleased to have Kyle as a member of the Coastal Carolina National Bank team,” said Laurence S. Bolchoz, president and chief executive officer of Coastal Carolina National Bank. “As a lifelong resident of the area and an active member of the community, he understands the needs of its residents and has already established relationships with members of the community. As CCNB continues to grow and serve the South Strand area, Kyle will be instrumental to the success of our newest location in Garden City.” Continue reading “Coastal Carolina National Bank Names W. Kyle Hawley South Strand Manager – Vice President” »

South Strand Location To Open Mid January, 2013

Coastal Carolina National Bank (CCNB), headquartered in Myrtle Beach, S.C., will open its first branch office in Garden City, S.C., in mid January, 2013.

The South Strand branch will be located at 2961 Highway 17 Business, in front of Kroger, on Highway 17 Business, in Garden City. CCNB is currently renovating an existing bank building to house the full service facility. The 3,000 square foot office will have a drive-through window and a 24-hour ATM.

A variety of promotions will take place around the Grand Opening. More information will be forthcoming.

“This branch will make it more convenient for those on the south end of the Grand Strand to bank at CCNB,” said Laurence S. Bolchoz, Jr., president and chief  executive  officer of  Coastal Carolina National Bank. “We’ll offer both personal and business banking needs, and a broad array of high-quality products and services. Our goal, and promise, is to give the South Strand the same high level of customer service that customers at our Myrtle Beach branch have become accustomed to. We’re very fortunate to be able to expand in what remains a relatively weak economy. Our bank is healthy and that enables us to focus our time and energy on what’s most important, our customers’ needs.”

Bank Opened In June 2009 And Achieved Profitability In Third Quarter Of 2012

Coastal Carolina Bancshares, Inc. and its wholly owned subsidiary, Coastal Carolina National Bank (CCNB) in Myrtle Beach, S.C., which opened for business in June of 2009, reached the first profitable quarter in its short history in the third quarter of 2012.

For the three months ending September 30, 2012, the company had net income of $117,749 or $.05 per share, which is a 385.9% improvement from the same period last year. For the nine months ended September 30, 2012, the company has recognized a loss of $(57,301), or $(.03) per share, which is a 95.3% improvement from the same period last year.

The continued improvements can be attributed to several factors. The net interest margin has improved to 3.29% year to date, compared to 2.78% for the same period last year. The improvements in net interest margin are largely due to growth in the loan portfolio. Net interest income before the provision for loan losses has grown to $2.4 million year-to-date, a 41.2% improvement from the previous year. Additionally, the mortgage lending department has been a significant contributor-to-earnings with a 108.4% increase in mortgage lending revenue. Continue reading “CCNB Achieves First Profitable Quarter In Its Short History” »