July 13, 2018
VIA EDGAR
U.S. Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
| Attn: | David Lin | |||
| Re: | Coastal Financial Corporation | |||
| Registration Statement on FormS-1 | ||||
| FileNo. 333-225715 | ||||
| Request for Acceleration | ||||
Ladies and Gentlemen:
Pursuant to Rule 461 under the Securities Act of 1933, as amended, the undersigned, as the representatives of the prospective underwriters of the above issue, hereby join in the request of Coastal Financial Corporation (the “Company”) that the effectiveness of the Registration Statement on FormS-1 (RegistrationNo. 333-225715) be accelerated so that the Registration Statement will become effective at 4:00 P.M. Eastern Time on July 17, 2018, or as soon thereafter as practicable.
Pursuant to Rule 460 under the Securities Act of 1933, as amended, and in connection with the foregoing, please note that the underwriters have distributed approximately 781 copies of the preliminary prospectus dated July 10, 2018, through the date hereof, to prospective underwriters, institutional investors, dealers and others.
The undersigned, as the representatives of the prospective underwriters of the above issue, hereby represent on behalf of the underwriters that the underwriters are acting in compliance and will act in compliance with the provisions of Rule15c2-8 promulgated under the Securities Exchange Act of 1934, as amended, in connection with the above proposed offering.
[Remainder of Page Intentionally Left Blank; Signature Page Follows]
Very truly yours,
KEEFE, BRUYETTE & WOODS, INC. | ||
HOVDE GROUP, LLC | ||
By: KEEFE, BRUYETTE & WOODS, INC. | ||
By: | /s/ Lisa J. Schultz | |
Name: | Lisa J. Schultz | |
Title: | Managing Director | |
By: HOVDE GROUP, LLC | ||
By: | /s/ Kevin S. Grant | |
Name: | Kevin S. Grant | |
Title: | Chief Compliance Officer | |
[Signature Page to Acceleration Request]
