EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT

Parent

Coastal Financial Corporation

                                        Percentage            State of
Subsidiary                                 Owned            Incorporation   
- ----------                                 -----            -------------   
                                                                            

Coastal Federal Savings Bank                100%            United States  
                                                                           
Coastal Federal Mortgage, Inc.              100%            South Carolina 
                                                                           
Coastal Investments Corporation             100%            South Carolina 
                                                                           
Coastal Technology Solutions                100%            South Carolina 
                                                                           
Coastal Mortgage Bankers and                                               
 Realty Co., Inc. (1)                       100%            South Carolina 
                                                                           
Shady Forest Development                                                   
 Corporation (2)                            100%            South Carolina 
                                                                           
Sherwood Development                                                       
 Corporation (2)                            100%            South Carolina 
                                                                           
Ridge Development                                                          
 Corporation (2)                            100%            South Carolina 
                                                                           
501 Development                                                            
 Corporation (2)                            100%            South Carolina 
                                                                           
North Beach Investment,                                                    
 Inc. (2)                                   100%            South Carolina     
- -----------------------

(1)     First tier subsidiaries of Coastal Federal.
(2)     Second tier subsidiaries of Coastal Federal
        and first tier subsidiaries of Coastal Mortgage.