• Beacon Holding Company agreed to an all-stock combination with Coastal Carolina Bancshares, using a 0.736 Coastal share exchange ratio.
• Pro forma totals: $1.9 billion assets, $1.8 billion loans, $2.2 billion deposits, based on March 31, 2026 financials.
• Ownership split set at 56.1% for Coastal holders, 43.9% for Beacon holders; options and warrants convert using the same ratio.
• Coastal Carolina Bancshares will be the holding company, headquartered in Charleston, South Carolina; the bank will be named Beacon Bank, N.A., based in Myrtle Beach.
• Closing is targeted for Q4 2026; the combined company is expected to trade as CCNB on OTCQX.

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.