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COASTAL COMMUNITY GROUP, INC.
255 Palm Avenue
Miami Beach, Florida 33139
(305) 333-0055
November 8, 1999
Barry McCarty, Senior Counsel
U.S. Securities and Exchange Commission
Mail Stop 20549-0408
Washington, D.C. 20549
RE: REQUEST FOR WITHDRAWAL OF COASTAL COMMUNITY GROUP, INC.'S
REGISTRATION STATEMENT ON FORM SB-2
FILE NO. 333-75033
Dear Mr. McCarty
Coastal Community Group, Inc. filed with the U.S. Securities and Exchange
Commission a registration statement on Form SB-2 which was declared effective on
August 25, 1999.
Coastal Community Bank has withdrawn its regulatory application seeking
state approval to operate a banking institution. Coastal Community Bank will be
obliged to re-apply with the State of Florida and would not likely receive
approval prior to the expiration of the offering.
Nine subscriptions for shares offered have been received as of this date.
Pursuant to the terms of the Escrow Agreement and the Prospectus, the Escrow
Agent has been instructed to RETURN ALL SUBSCRIPTION FUNDS TO THE SUBSCRIBERS.
No shares of the stock have been sold.
As such, this letter will serve as Coastal's formal request to withdraw
its Form SB-2. We understand that upon receiving the Company's request for
withdrawal of its SB-2, an order of withdrawal will be prepared by the staff and
would greatly appreciate receiving a copy upon completion.
If there is anything further that is required in order to effect the
withdrawal please contact Richard J. Bischoff, Esq. at (305) 357-8458.
Very truly yours,
/s/ Hans C. Mueller
----------------------------
Hans C. Mueller
Chairman, President and
Chief Executive Officer
Attorney-In-Fact and
Appointed Agent on Form SB-2
cc: Mary Cascio
Gabriell Malits
John Sneigon
Richard J. Bischoff, Esq.
Robert Arenholz, Esq.
Mark J. Scheer, Esq.
