Coastal Financial's 15-Minute Chart Displays KDJ Golden Cross and Death Cross

Coastal Financial's 15-minute chart has exhibited a notable trend reversal. On September 18, 2025, at 15:15, the KDJ indicator has triggered a golden cross and a death cross. This phenomenon indicates a shift in the momentum of the stock price, potentially foreshadowing an upward trend with increased potential for further growth, as well as a downward trend with heightened potential for further decline.

Port Angeles, Washington-based First Northwest Bancorp has appointed Curt Queyrouze as its new CEO, effective September 17, 2025. The $2.2 billion-asset bank has been embroiled in a $200 million Ponzi scheme orchestrated by one of its borrowers, Water Station. Queyrouze joins the bank from Coastal Financial in Everett, Washington, where he served as president since 2022.

Queyrouze previously held the position of CEO at Ogen, Utah-based TAB Bank from 2016 to 2022. His predecessor, Matthew Deines, resigned in July following a lawsuit alleging that First Northwest abetted the Ponzi scheme. The bank settled a separate lawsuit with Water Station investors for between $2.87 million and $5.74 million, but it intends to strongly dispute the allegations by 352 Capital, a hedge fund associated with Jefferies Financial.

Cindy Finnie, chair of the board, stated that Queyrouze's sterling performance leading financial institutions and his dedication to the community made him the obvious choice. Geraldine Bullard, who served as interim CEO, will return to her position as executive vice president and chief operating officer.

Analysts expect a relatively smooth transition and positive progress in resolving the Water Station controversy. The appointment comes amidst the ongoing legal battle, with the U.S. Attorney for the Southern District of New York charging Jordan Chirico, 352 Capital's portfolio manager, with investment advisor fraud and charging Ryan Wear, Water Station's owner, with securities and wire fraud.

Meanwhile, Coastal Financial's 15-minute chart exhibited a notable trend reversal on September 18, 2025, at 15:15. The KDJ indicator triggered a golden cross and a death cross, indicating a shift in the momentum of the stock price. This phenomenon suggests a potential upward or downward trend, with increased potential for further growth or decline.

Reference:
Wash. bank rocked by scandal chooses new CEO^[1] https://www.americanbanker.com/news/wash-bank-rocked-by-scandal-chooses-new-ceo