In a press announcement dated May 29, 2026, Coastal Carolina Bancshares, Inc., the parent company of Coastal Carolina National Bank, and Beacon Holding Company, Inc., the parent company of Beacon Community Bank, jointly announced that we have executed a definitive merger of equals agreement. The combined bank holding company will be headquartered in Charleston, South Carolina, remain Coastal Carolina Bancshares, Inc., and continue trading under the ticker symbol CCNB. The combined bank, following the system conversion expected in early 2027, will be rebranded as Beacon Bank, N.A., and will remain headquartered in Myrtle Beach. After the conversion, the company will have sixteen branches and a loan production office serving markets throughout the coastal Carolinas from Wilmington, NC, to Charleston, SC, and inland to the upstate.
By joining forces, we are creating a stronger organization better positioned to serve you for years to come. This merger is designed to enhance your banking experience while preserving the relationships and services you value today. There will be no interruption to your banking relationship as a result of this announcement. You will continue working with the same trusted bankers and support teams you know, while gaining access to a greater network of locations and conveniences.
The merger remains subject to customary regulatory and shareholder approval, and we will keep you informed throughout the process. In the meantime, please continue to bank as usual. Although there’s nothing you need to do at this time, we’ve created this webpage to keep you informed about key dates and other updates. As we get closer to the merger date, you will receive a merger guide to help make the transition as smooth and simple as possible.
As the transaction progresses, you’ll find this is not just a merger of two financial institutions; it’s a blending of strengths, banking conveniences, and service enhancements, so that we can help you, your business, and the communities we serve prosper.
We look forward to serving you as we move forward, together.
Sincerely,
Laurence S. Bolchoz, Jr.
President/CEO of CCNB
1012 38th Avenue
Myrtle Beach, SC 29577
and
Brooks A. Melton
CEO of Beacon Community Bank
2347 North Highway 17
Mount Pleasant, SC 29466
General Merger Questions
A:Beginning on October 1, 2026, Beacon Community Bank will operate legally as Beacon Community Bank, a division of Coastal Carolina National Bank. Although you may see subtle enhancements along the way, the combined Banks will officially be rebranded as Beacon Bank in mid-March 2027. After the conversion in March, the company will have sixteen branches and a loan production office serving markets throughout the coastal Carolinas from Wilmington, NC, to Charleston, SC, and inland to the Upstate.
A:All Beacon Community Bank customers will receive a merger packet in the mail 30 days before the bank is officially rebranded as Beacon Bank in March 2027. Inside, you will find a Welcome Guide, account disclosures, and a conversion checklist to prepare you for what's happening and when. You can also download copies of these materials from this webpage when the time comes. No action will be required for CCNB customers. If you're a CCNB account holder, no action is required.
A: No, you will be banking with the same team of bankers you already know and trust, and all branches will remain open.
A:No, nothing will change until mid-March 2027. While both banks will prepare for the legal closing on October 1, 2026, and the subsequent system conversions & rebranding to Beacon Bank in March 2027, no changes will impact customers before October 1, 2026. Only some minor enhancements will occur during this interim period.
A.Absolutely! Please continue banking as usual at the branch you enjoy frequenting.
A: No. Your existing deposit account(s), loan account(s), debit card(s), and online banking information will not change before the rebranding occurs in March 2027.
A: No. FDIC insurance coverage will not change prior to October 1, 2026 (our legal closing date). After October 1, deposits held at Beacon Community Bank and Coastal Carolina National Bank will generally remain separately insured for at least six months under FDIC merger rules. Beyond six months, most customers will experience no impact to their FDIC insurance coverage, but customers with large balances across both banks are encouraged to speak with a banker if they have questions regarding coverage.
A: Please reach out to your local banker with any merger-related questions, or you may submit an inquiry to customercare@myccnb.com. We'll be happy to assist.
A: No. Pending loan applications will not be affected.
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