COASTAL FINANCIAL CORPORATION
5415 Evergreen Way
Everett, WA 98203
April 20, 2021
Via EDGAR
U.S. Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, DC 20549
| Re: | Coastal Financial Corporation | |
| Registration Statement on Form S-3 | ||
| Filed April 13, 2021 | ||
| File No. 333-255210 |
Ladies and Gentlemen:
Pursuant to Rule 461 under the Securities Act of 1933, as amended, Coastal Financial Corporation, a Washington corporation (the “Company”), hereby requests that the effective date of the above-referenced registration statement on Form S-3 (the “Registration Statement”) be accelerated so that the Registration Statement may become effective at 4:30 p.m. Eastern Time on April 22, 2021, or as soon thereafter as is practicable, or such other time as the Company or its counsel, Covington & Burling LLP, may request by telephone that such Registration Statement be declared effective.
We respectfully request that we be notified of such effectiveness by a telephone call to Christopher DeCresce of Covington & Burling LLP at (212) 841-1017 and that such effectiveness also be confirmed in writing.
| Very truly yours, | ||
| COASTAL FINANCIAL CORPORATION | ||
| By: | /s/ Joel G. Edwards | |
| Name: | Joel G. Edwards | |
| Title: | Executive Vice President and Chief Financial Officer | |
| cc: | Christopher DeCresce, Covington & Burling LLP |