500 Marsh Street
San Luis Obispo, CA 93401
Outstanding Shares: 846000 Shares
Float Shares:606877 Shares
5 Year Average Dividend Yield:0.60%
Ex-Dividend Date:Nov 15, 2007
Coast Bancorp operates as the holding company for Coast National Bank that provides various banking and financial services in California. It accepts various deposits, including checking accounts, interest bearing accounts, personal or business money market accounts, regular or business savings accounts, time certificates of deposit, non-interest-bearing demand accounts, NOW accounts, and time deposits, as well as ROTH, educational, and individual retirement accounts. The company’s lending services consist of business lending that includes business lines of credit, equipment loans, SBA loans, commercial real estate lending, real estate bridge loans, import/export, overdraft protection, and working capital loans; and personal lending comprising residential construction loans, home equity loans and lines of credit, auto loans, overdraft protection, and other installment loans. It operates four full service branches in San Luis Obispo, Arroyo Grande, Morro Bay, and Paso Robles, California. The company was founded in 1997 and is headquartered in San Luis Obispo, California.
Potential for holding common shares:
***This is a small, healthy banks in California (located in traveling, sightseeing area cities)
1)Historical low pps recently
2)Potential buy out(Estimated $30/pps)....846000 outstanding shares.
3)super low outstanding shares (potential expends business & split common shares)
4)Potential pps going up $28/pps(historical high) after net profit to pay out dividends