EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT
Parent
Coastal Financial Corporation
Subsidiary Percentage State of
---------- ---------- --------
Owned Incorporation
----- -------------
Coastal Federal Savings Bank 100% United States
Coastal Federal Mortgage, Inc. 100% South Carolina
Coastal Investor Services, Inc. 100% South Carolina
Coastal Technology Solutions 100% South Carolina
Coastal Federal Holding Corporation 100% Delaware
Coastal Real Estate Investment 100% North Carolina
Corporation (3)
Coastal Mortgage Bankers and 100% South Carolina
Realty Co., Inc. (1)
Shady Forest Development 100% South Carolina
Corporation (2)
Sherwood Development 100% South Carolina
Corporation (2)
Ridge Development Corporation (2) 100% South Carolina
501 Development Corporation (2) 100% South Carolina
North Beach Investment, Inc. (2) 100% South Carolina
--------------------------------------------------------------------------------
(1) First tier subsidiaries of Coastal Federal.
(2) Second tier subsidiaries of Coastal Federal and first tier subsidiaries of
Coastal Mortgage.
(3) First tier operating subsidiary of Coastal Federal Holding Corporation,
consolidated with Coastal Federal for Regulatory Reporting.
56
