CONSENT OF INDEPENDENT AUDITORS



The Board of Directors
Coastal Financial Corporation:

We consent to incorporation  by reference in the registration  statement on Form
S-8 of Coastal  Financial  Corporation  of our report  dated  October 27,  1999,
relating  to the  consolidated  statements  of  financial  condition  of Coastal
Financial  Corporation  and  subsidiaries as of September 30, 1999 and 1998, 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, 1999,  which report is  incorporated by reference in
the  September  30,  1999,  Annual  Report  on Form  10-K of  Coastal  Financial
Corporation.




                                                                   /s/KPMG LLP
                                                                   -----------
                                                                      KPMG LLP



Greenville, South Carolina
December 29, 1999