EXHIBIT 23

                         CONSENT OF INDEPENDENT AUDITORS

The Board of Directors
Coastal Financial Corporation:

We consent to incorporation by reference in the registration statements (No.
333-49741, 333-01274 and 333-54794) on Form S-8 of Coastal Financial Corporation
of our report dated October 29, 2003, relating to the consolidated statements of
financial condition of Coastal Financial Corporation and subsidiaries as of
September 30, 2003 and 2002, and the related consolidated statements of
operations, stockholders' equity and comprehensive income, and cash flows for
each of the years in the three-year period ended September 30, 2003, which
report is incorporated by reference in the September 30, 2003 Annual Report on
Form 10-K of Coastal Financial Corporation.

                                                        KPMG LLP

Greenville, South Carolina
December 19, 2003


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