Seacoast Commerce Bank (CCB) Appoints Michael Patterson to its Board

Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank announced that Michael Patterson, CPA, has joined its Board of Directors.

Mr. Patterson is a seasoned global business leader with more than 38 years of cross-sector experience in strategy, P&L management, and international operations with deep expertise in risk management, compliance, governance, and financial control. A graduate of Pace University, he led EY LLP’s Compliance Risk Management business in the firm’s Financial Services Office and was appointed to the role at the height of the 2008 crisis. Before that he served as the First VP of the Risk and Control function in the institutional business for Merrill Lynch & Co and served several leadership roles at other leading consulting firms.

“The capabilities and experience that Michael brings to our board will be instrumental as Coastal continues to advance into a more complex organization,” said Eric Sprink, President and CEO. “His experience will help Coastal as we navigate within the ever-changing and highly regulated banking environment.”

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