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Coastal Banking Company Reports Third Quarter 2012 Earnings

BEAUFORT, S.C., Oct. 30, 2012 (GLOBE NEWSWIRE) -- Coastal Banking Company Inc. (OTC: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 $772,844, or $0.24 in diluted earnings per common share, for the quarter ended Sept. 30, 2012. This compares to a net loss of $368,903, or a loss of $0.20 per diluted common share, in the third quarter of 2011.

For the full text of the press release and financial tables, please visit the company's website at http://www.coastalbanking.com/pdf/CBCO_3Q12_Earnings_Release.pdf.

CONTACT: For More Information: Michael G. Sanchez Chief Executive Officer Coastal Banking Company Inc. 904-321-0400 Andy Mus Vice President Ketchum Inc. 404-879-9075

Source: Coastal Banking Company