• Coastal Carolina Bancshares will merge with Beacon Holding Company in an all-stock deal, creating a South Carolina community bank group with about $2.2 billion in assets.
• Beacon shareholders will receive 0.736 Coastal shares for each Beacon share.
• Closing is expected in the third or fourth quarter of 2026; the combined holding company will keep the CCNB ticker.
• The combined bank is set to rebrand as Beacon Bank, N.A. following a system conversion expected in early 2027.
• Laurence S. Bolchoz will remain CEO; Coastal’s Tommy B. Baker will chair the holding company board.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beacon Holding Company Inc. published the original content used to generate this news brief on May 29, 2026, and is solely responsible for the information contained therein.