Leadership & Pay ·
CEO Eric Sprink cuts salary to $500K; ex-President Brian Hamilton moves to consulting
CCBCoastal Financial Corp
Coastal Financial Corporation announced a reduction in CEO Eric M. Sprink's annual base salary from $874,000 to $500,000 effective October 28, 2026, as part of a broader profit improvement plan aimed at reducing operating expenses. Concurrently, Brian Hamilton transitioned from his role as President of the FinTech division CCBX to a consulting position, resigning all employee positions while retaining his Board seat. Hamilton will provide strategic advisory services through May 1, 2027, for a capped aggregate fee of $245,000. Coastal Financial Corporation operates in the banking industry.