Recent Updates — COSO
CoastalSouth Bancshares, Inc. amended its bylaws-to-add an exclusive forum selection clause designating the Georgia State-wide Business Court as the sole forum for internal entity claims. The amendment also establishes a minimum ownership requirement of one percent (1%) of outstanding shares for shareholders to have standing in derivative proceedings. CoastalSouth Bancshares, Inc. is a financial services company providing banking services.
CoastalSouth Bancshares, Inc. reported second quarter 2026 net income of $7.3 million, or $0.59 per diluted share, compared to $6.3 million in the first quarter and $6.0 million in the second quarter of 2025. The company declared a quarterly cash dividend of $0.05 per share, payable August 27, 2026, to shareholders of record as of August 13, 2026. Loan production for the quarter was $181.6 million, resulting in a net interest margin of 3.66%. The company operates as a bank holding company for Coastal States Bank, providing a full range of banking products and services for businesses, real estate professionals, and consumers.