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.
Today, October 1, 2026,Coastal Carolina Bancshares, Inc. (OTCQX: CCNB), the parent company of Coastal Carolina National Bank, announced the completion of its merger of equals with Beacon Holding Company, Inc. (OTCQB: BCON), the parent company of Beacon Community Bank. At the effective time of the merger, Beacon merged with and into Coastal, with Coastal continuing as the surviving corporation.
Following the merger, Beacon branch locations will now operate as “Beacon Community Bank, a division of Coastal Carolina National Bank”. In early 2027, Beacon’s core systems and operations are scheduled to be converted to those of Coastal Carolina National Bank, and the bank will be rebranded as Beacon Bank, N.A. Coastal Carolina Bancshares, Inc. will continue trading under the ticker symbol “CCNB”. The merger strategically expands the combined company footprint to sixteen branches and a loan production office serving attractive markets throughout the coastal Carolinas, from Charleston, SC, to Wilmington, NC, and inland to the Upstate of South Carolina. The combined organization will have approximately $2.3 billion in Total Assets, $2.0 billion in Total Deposits, and $1.8 billion in Total Loans.
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. This announcement will not interrupt your banking relationship. 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.
In the meantime, please continue to bank as usual. Although you don’t need to do anything now, we’ve created this webpage to keep you informed about key dates and other updates. It includes FAQs (below) to answer frequently asked questions. As we get closer to the merger date, you will receive a merger guide in March, 2027 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 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
General Merger Questions
A:Beginning October 1, 2026, Beacon Community Bank will legally operate as Beacon Community Bank, a division of Coastal Carolina National Bank. While customers may notice some enhancements during the transition period, the combined organization will officially rebrand as Beacon Bank in mid-March 2027. Following the March 2027 conversion, Beacon Bank will serve customers through sixteen branches and one loan production office, spanning markets from Wilmington, North Carolina, to Charleston, South Carolina, and inland to the Upstate region.
A: Beacon Community Bank customers will receive a merger information packet by mail approximately 30 days before the March 2027 conversion to Beacon Bank. The packet will include a Welcome Guide, account disclosures, and a conversion checklist outlining any important dates and information. These materials will also be available for download from this webpage. CCNB customers are not required to take any action.
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. Customers will not experience any changes before or shortly after the legal closing on October 1, 2026. While both banks prepare for the merger, system conversions, and the March 2027 rebranding to Beacon Bank, these activities will happen behind the scenes and will not affect customers during this interim period. You will be informed by mail of upcoming changes no later than 30 days in advance. Any changes during this period will be minimal and designed to enhance our customers' experience. For example, on October 1, 2026, Beacon Community Bank's website received a new look!
A.Absolutely! Please continue banking as usual at the branch you enjoy frequenting.
A: No. Your deposit accounts, loans, debit cards, account numbers, and online banking services will remain unchanged throughout 2026. Any changes related to the conversion and rebranding will occur in March 2027, and we will provide detailed information at least 30 days in advance.
A:Yes, both financial institutions are FDIC-insured and backed by the full faith and credit of the U.S. Government. After the systems integration in mid-March 2027, Beacon Community Bank deposits will be combined with those at CCNB. Nothing changes until 2027. If you have accounts at both banks, your accounts will be separately insured through the FDIC until at least mid-September 2027 (a grace period of six months after the merger's conversion day in March 2027). If you are unsure as to whether your deposits will remain fully FDIC insured, we are happy to schedule an appointment with a representative to review your relationship and ensure proper FDIC coverage.
A: If you have questions about the merger or upcoming changes, please contact your local bank representative. You may also email our Customer Care team at customercare@myccnb.com, and we will be happy to assist!
A: No. Pending loan applications will not be affected.
A:No, your account numbers will remain the same.
A: From October 1, 2026, through mid-March 2027, Beacon Community Bank customers’ existing checks, debit cards, and direct deposits will continue to work as they do today. No action is required. If anything changes before system integration in mid-March 2027, we will inform you by mail. As of today, we do not expect any disruption to these services.CCNB customers will not be affected during the interim period. All customers will receive communications related to debit card reissuance after the mid-March system integrations are complete.
A: Your loans and accounts at each bank will remain separate until system integration in mid-March 2027. We will notify you by mail 30 days before anything changes. At that time, they will be serviced on the same system under the Beacon Bank, N.A. name. Your account numbers will remain the same.
A: Effective October 1, 2026, Beacon Community Bank operates as a division of Coastal Carolina National Bank. During the interim period through mid-March 2027, all accounts will continue to be serviced on our existing systems; however, you may see references to “Beacon Community Bank, a division of Coastal Carolina National Bank” on various materials until the official rebranding to Beacon Bank in March.
A: If you currently have a CDARS or ICS account, your account relationship will continue without interruption. As part of the March 2027 systems integration, legacy Beacon Community Bank CDARS and ICS accounts will transition to the combined bank, Beacon Bank, N.A. No action is required on your part, and you should not experience any service disruption. CCNB customers will not experience any changes.
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