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Correspondence 0001552781-24-000377 from COASTAL FINANCIAL CORP (CCB) (CIK 0001437958) (CCB)

COASTAL FINANCIAL CORP (CCB) (CIK 0001437958)
Date: June 11, 2024 · CIK: 0001437958 · Accession: 0001552781-24-000377

AI Filing Summary & Sentiment

File numbers found in text: 333-279879

Date
June 11, 2024
Author
COASTAL FINANCIAL CORPORATION
Form
CORRESP
Company
COASTAL FINANCIAL CORP (CCB) (CIK 0001437958)

Letter

COASTAL FINANCIAL CORPORATION

5415 Evergreen Way

Everett, WA 98203

June 11, 2024

Via EDGAR

U.S. Securities and Exchange Commission

Division of Corporation Finance

100 F Street, N.E.

Washington, D.C. 20549

Attn: Aisha Adegbuyi

Re: Coastal Financial Corporation

Registration Statement on Form S-3

Filed on May 31, 2024

File No. 333-279879

Ladies and Gentlemen:

Pursuant to Rule 461 under the Securities Act of 1933, as amended, Coastal Financial Corporation, a Washington corporation (the “Company”), hereby requests that the effective date of the above-referenced registration statement on Form S-3 (the “Registration Statement”) be accelerated so that the Registration Statement may become effective at 4:30 p.m. Eastern Time on June 13, 2024, or as soon thereafter as is practicable, or such other time as the Company or its counsel, Covington & Burling LLP, may request by telephone that such Registration Statement be declared effective.

We respectfully request that we be notified of such effectiveness by a telephone call to Charlotte May of Covington & Burling LLP at (202) 662-5732 and that such effectiveness also be confirmed in writing. In addition, please notify Ms. May by telephone when this request for acceleration has been granted.

Very truly yours,
COASTAL FINANCIAL CORPORATION

Show Raw Text
CORRESP
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COASTAL FINANCIAL CORPORATION

5415 Evergreen Way

Everett, WA 98203

June 11, 2024

Via EDGAR

U.S. Securities and Exchange Commission

Division of Corporation Finance

100 F Street, N.E.

Washington, D.C. 20549

Attn: Aisha Adegbuyi

  Re:
  Coastal Financial Corporation

  Registration Statement on Form S-3

  Filed on May 31, 2024

  File No. 333-279879

Ladies and Gentlemen:

Pursuant to Rule 461 under the Securities Act
of 1933, as amended, Coastal Financial Corporation, a Washington corporation (the “Company”), hereby requests that the effective
date of the above-referenced registration statement on Form S-3 (the “Registration Statement”) be accelerated so that the
Registration Statement may become effective at 4:30 p.m. Eastern Time on June 13, 2024, or as soon thereafter as is practicable, or such
other time as the Company or its counsel, Covington & Burling LLP, may request by telephone that such Registration Statement be declared
effective.

We respectfully request that we be notified of
such effectiveness by a telephone call to Charlotte May of Covington & Burling LLP at (202) 662-5732 and that such effectiveness
also be confirmed in writing. In addition, please notify Ms. May by telephone when this request for acceleration has been granted.

Very truly yours,

COASTAL FINANCIAL CORPORATION

  By:
  /s/
Joel G. Edwards

  Name:
  Joel G. Edwards

  Title:
  Executive Vice President and
Chief Financial Officer

cc: Charlotte May, Covington & Burling LLP