1. Coastal States Bank appoints Will Rivenbark as EVP, Head of CRE Lending. 2. Rivenbark brings over 20 years of CRE lending experience. 3. CSB aims for organic growth in Atlanta and the Southeast. 4. Rivenbark plans to enhance long-term value for clients and shareholders. 5. CSB has approximately $2.3 billion in total assets.
The addition of a seasoned executive could lead to increased lending activities, positively impacting COSO's stock performance, similar to previous executive acquisitions boosting company growth.
The strategic appointment aligns with expanding operations and enhancing client relationships, likely fostering investor confidence in COSO's growth trajectory.
The strategic enhancement in leadership is aimed at sustained growth, implying potential improvements to profitability over time, akin to outcomes observed in firms that have invested in strong management to drive expansion.
Coastal States Bank ("CSB") has announced the addition of Will Rivenbark to its executive leadership team as Executive Vice President and Head of Commercial Real Estate Lending.
With more than 20 years of commercial real estate (CRE) lending experience, Rivenbark has a proven track record in managing complex transactions and building long-term client relationships. In his role, he will oversee the production of new CRE loans in CSB's community banking markets, including financing for owner-occupied and investment properties, as well as acquisitions, developments and new construction.
"We are very excited to have Will join the CSB team," said Steve Stone, CSB's President and CEO. "Will's background and experience are a perfect fit for CSB as we continue our organic growth and expansion in Atlanta and throughout the Southeast."
Rivenbark is an active member of local chambers of commerce and has volunteered for the Woodruff Arts Foundation, United Way, American Cancer Society and has served as Past President of the South Hall Kiwanis Club.
"I am honored to join Coastal States Bank, as I have long admired CSB's commitment to their clients and communities," said Rivenbark. "I look forward to building on this established foundation and helping to create long-term value for both our clients and our shareholders."
About the Company
Coastal States Bank builds relationships by providing a full range of banking services designed for businesses, their owners, and individuals looking for a local banking partner. CSB has a community banking presence in the Lowcountry of South Carolina (Hilton Head Island, Bluffton and Beaufort), Savannah, and the Atlanta Metropolitan market, and serves communities across the country through its Government Guaranteed Lending, Senior Housing, Correspondent Marine, and Mortgage Banker Finance lines of business. At present, CSB has approximately $2.3 billion in total assets.
CSB is a wholly-owned subsidiary of CoastalSouth Bancshares, Inc. (NYSE:COSO).
Coastal States Bank – Local. And Proud of It.®
For additional information regarding Coastal States Bank please visit www.coastalstatesbank.com.
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Media Contact:
Raquel Cobb
VP, Marketing and Communications Director
Coastal States Bank
rcobb@coastalstatesbank.com