FIRST COASTAL CORP
8-K, 1999-03-26
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT

                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): March 25, 1999

                           First Coastal Corporation
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)

          Delaware                   0-14087                    06-1177661
- ----------------------------       -----------             -------------------
(State or other jurisdiction       (Commission                (IRS Employer
        incorporation               File No.)              Identification No.)

                    36 Thomas Drive, Westbrook, Maine     04092
             -----------------------------------------------------
             (Address of principal executive offices)   (Zip Code)

      Registrant's telephone number, including area code:  (207) 774-5000

                                Not applicable
         -------------------------------------------------------------
         (Former name or former address, if changed since last report)

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Item 5.   Other Events.
          ------------

     On March 25, 1999, First Coastal Corporation (the "Company") announced that
its 1999 annual meeting of stockholders will be held on May 18, 1999 at 10:00 
a.m. at the Portland Mariott, 200 Sable Oaks Drive, South Portland, Maine.

     The Company's press release is attached to this Current Report on Form 8-K 
as Exhibit 99(a) and is hereby incorporated by reference herein and made a part 
hereof.

Item 7.   Financial Statements and Exhibits.
          ---------------------------------

(a)       Not applicable.

(b)       Not applicable.

(c)       Exhibits

          99(a). Press release of the Company and the Bank, dated 
          March 25, 1999.

<PAGE>

                                  SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as 
amended, the Registrant has duly caused this Report to be signed on its behalf 
by the undersigned thereunto duly authorized.

                                   FIRST COASTAL CORPORATION


Date: March 26, 1999               By:  /s/ Gregory T. Caswell
                                        ----------------------
                                        Gregory T. Caswell
                                        President and Chief Executive Officer

                                       3
<PAGE>
 
                                 EXHIBIT INDEX

Exhibit No.   Identity of Exhibit
- ----------    -------------------

  99(a).      Press release of the Company and the Bank dated March 25, 1999



<PAGE>
 
                                                                  Exhibit 99(a)

NEWS RELEASE
                                                                       CONTACT:
March 25, 1999                                               Gregory T. Caswell
                                          President and Chief Executive Officer
                                                                 Dennis D. Byrd
                                                   Vice President and Treasurer
                                                                 (207) 774-5000

FOR IMMEDIATE RELEASE
NASDAQ:FCME                                       WEBSITE: www.firstcoastal.com

     FIRST COASTAL CORPORATION ANNUAL MEETING WILL BE HELD ON MAY 18, 1999

     WESTBROOK, MAINE -- First Coastal Corporation (the "Company"), the parent 
company of Coastal Bank, announced today that the Company's 1999 annual meeting 
of stockholders will be held on Tuesday, May 18, 1999 at 10:00 a.m. (Eastern 
time) at the Portland Marriott, 200 Sable Oaks Drive, South Portland, Maine.

     The record date for stockholders to vote at the meeting is April 15, 1999.

     First Coastal Corporation is a Maine-based $191 million bank holding 
company with Coastal Bank, an FDIC insured, Maine state-chartered savings bank 
as its sole operating subsidiary. Coastal Bank currently has eight banking 
offices located in Brunswick (2), Freeport, Kennebunk, Portland, Saco, Topsham 
and Westbrook.





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