Coastal Banking Company Reports Third Quarter 2013 Earnings

BEAUFORT, S.C., Nov. 15, 2013 (GLOBE NEWSWIRE) -- Coastal Banking Company Inc. (OTCQB:CBCO), the holding company of CBC National Bank, which operates branches in Beaufort and Port Royal, S.C., Fernandina Beach, Fla., and Meigs, Ga., today reported net income of $47,549, or a loss of $0.03 per diluted common share, for the quarter ended Sept. 30, 2013. This compares to net income of $772,844, or $0.24 in diluted earnings per common share, in the third quarter of 2012.

For the full text of the earnings release and complete unaudited quarterly financial results, please visit the company's website at http://www.coastalbanking.com/pdf/CBCO_3Q13_Earnings_Release.pdf.

CONTACT: Michael G. Sanchez Chief Executive Officer Coastal Banking Company Inc. 904-321-0400Source:Coastal Banking Company