EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT
Parent
Coastal Financial Corporation
State of
Subsidiary Percentage Owned Incorporation
- ---------- ---------------- -------------
Coastal Federal Savings Bank 100% United States
Coastal Federal Mortgage, Inc. 100% South Carolina
Coastal Investor Services, Inc. 100% South Carolina
Coastal Technology Solutions 100% South Carolina
Coastal Real Estate Investment
Corporation (3) 100% North 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
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(1) First tier subsidiaries of Coastal Federal.
(2) Second tier subsidiaries of Coastal Federal and first tier subsidiaries of
Coastal Mortgage.
(3) First tier operating subsidiary of Coastal Federal Savings Bank,
consolidated with Coastal Federal for Regulatory Reporting.