Coastal Financial Appoints Four New Executives to Support Growth Initiatives.

Coastal Financial Corporation and its subsidiary, Coastal Community Bank, have appointed four new members to their executive leadership team: Ryan Hall as Chief Product Officer, Michael Costigan as Chief Commercial Officer, Freddy Rivas as Chief Credit Officer, and Chris Morgan as Chief Information Security Officer. Each executive brings deep industry experience and a strong track record of leadership in financial services, technology, and risk management. They will support the Company's continued growth across digital banking and community-focused initiatives.

Coastal Financial Corporation (Nasdaq: CCB) and its subsidiary, Coastal Community Bank (the "Bank"), have announced significant leadership changes to bolster their executive team. Four new executives have joined the company, each bringing extensive industry experience and a strong track record in financial services, technology, and risk management. These appointments are designed to support the company's continued growth in digital banking and community-focused initiatives.

Ryan Hall has been appointed as Chief Product Officer, Michael Costigan as Chief Commercial Officer, Freddy Rivas as Chief Credit Officer, and Chris Morgan as Chief Information Security Officer. Each executive brings a unique set of skills that will help expand product offerings, deepen relationships, manage risk, and safeguard the infrastructure across the bank and its embedded finance offerings.

Ryan Hall, previously Head of Product, Engineering, and Design at SoFi Bank, will lead the development of core consumer banking products and platform services. His background includes advising global banks on transformation strategy at The Boston Consulting Group's Digital Ventures arm. Michael Costigan, who served as Vice President of Business Development at OnePay, a Walmart and Ribbit Capital joint venture, will oversee business development and customer growth channels. Freddy Rivas, with over two decades of commercial banking and credit leadership experience, including roles at Santander, BBVA, and Citi, will manage credit policy development and risk management. Chris Morgan, most recently Chief Information Security Officer at Even Responsible Finance and OnePay, will lead the security function and implement robust governance programs to support rapid product growth.

"As Coastal continues to grow and scale both our CCBX and community bank businesses, it is critical that we attract exceptional leaders who bring proven capabilities and fresh perspectives," said Eric Sprink, the Company’s CEO. "These appointments reflect our commitment to building an executive team with the experience and expertise needed to lead the Bank through its next phase of growth."

Coastal Financial Corporation, based in Everett, Washington, is a bank holding company with $4.48 billion in assets. It provides services through 14 branches in Snohomish, Island, and King Counties, as well as through the internet and its mobile banking application. The company offers banking as a service to digital financial service providers, companies, and brands through its CCBX segment.

References:
[1] https://www.marketscreener.com/news/coastal-expands-executive-team-with-key-leadership-appointments-ce7c51dbde81f520
[2] https://www.globenewswire.com/news-release/2025/08/13/3132673/0/en/Coastal-Expands-Executive-Team-with-Key-Leadership-Appointments.html