Christopher D. Adams was named Executive Chair of Coastal Financial Corp, effective July 29, 2026. As of November 6, 2026, Coastal Financial Corp has reported 3 leadership change filings to the SEC under Item 5.02 of Form 8-K, from July 23, 2026 to October 29, 2026, naming 3 appointments (Form 8-K, July 30, 2026).
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Key facts
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-10-29
- · In / out: In · Person: Christopher D. Adams · Role: Executive Chair · Effective: 2026-07-29 · 8-K, 2026-07-30
- · In / out: In · Person: Joel Edwards · Role: Chief Financial Officer · Effective: 2026-08-15 · 8-K, 2026-07-23
Coastal Financial Corp reported changes in 3 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-07-23 to 2026-10-29. They name 3 people. Every row below is cited to the filing it comes from, and this page adds each new change as Coastal Financial Corp files it.
Also on the record for Coastal Financial Corp
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| March 26, 2026 | Stake report, Schedule 13G/A, by The Vanguard Group | — | 5%+ stakes | Source |
| July 29, 2025 | Stake report, Schedule 13G, by The Vanguard Group | 5.07% of the class | 5%+ stakes | Source |
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More on Coastal Financial Corp and the records around it.
Coastal Financial Corp elsewhere on the record
Companies that share a holder
- The Vanguard Group also filed stake reports on 2384 other companies: BellRing Brands, Inc. (Sep 2026), CAL-MAINE FOODS INC (Sep 2026), FTAI Aviation Ltd. (Sep 2026)
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Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-10-29 | Reported | not named in the filing | 8-K, 2026-10-29 | ||
| 2026-07-30 | In | Executive Chair | 2026-07-29 | 8-K, 2026-07-30 | |
| 2026-07-30 | In | Lead Independent Director | 2026-07-29 | 8-K, 2026-07-30 | |
| 2026-07-23 | In | Chief Financial Officer | 2026-08-15 | 8-K, 2026-07-23 |
Who leads Coastal Financial Corp, as last reported?
For each role that changed in the filings below, the most recent change reported. A role that did not change in these filings is not listed.
- Chief Financial Officer: Joel Edwards, appointed, effective 2026-08-15 (filed 2026-07-23).
- Lead Independent Director: Thomas Lane, appointed, effective 2026-07-29 (filed 2026-07-30).
- Executive Chair: Christopher D. Adams, appointed, effective 2026-07-29 (filed 2026-07-30).
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Reported
Accordingly, Mr. Hamilton will cease serving as an employee and President of CCBX and will resign from all other positions he holds with the Company, the Bank and their respective subsidiaries, other than his service as a consultant to the Company and as a member of the Company's Board of Directors.
- Transition of Brian Hamilton to Consulting Role On October 28, 2026, Coastal Financial Corporation (the "Company"), Coastal Community Bank (the "Bank"), a wholly owned subsidiary of the Company, and Brian Hamilton, President of CCBX, the Bank's FinTech and banking-as-a-service division mutually agreed to transition Mr. Hamilton into a consulting role after the technology build-outs and infrastructure initiatives that Mr. Hamilton was engaged to lead had substantially progressed to a stage that no longer required his day-to-day leadership and oversight.
- From the Effective Date through May 1, 2027, Mr. Hamilton will provide strategic advisory and business development services to the Company's Chief Executive Officer on an as-needed basis.
- The Company will pay Mr. Hamilton a monthly fee of $35,000 for his consulting services.
- The aggregate consulting fee payable to Mr. Hamilton will not exceed $245,000.
- Mr. Hamilton's consulting agreement also includes customary releases and confirms certain continuing confidentiality, non-solicitation, non-competition, non-disparagement and cooperation obligations that apply to Mr. Hamilton during his consulting period.
Appointed: Christopher D. Adams, Executive Chair, effective 2026-07-29
Appointment of Christopher D. Adams as Executive Chair On July 29, 2026, Coastal Financial Corporation (the "Company") appointed Christopher D. Adams as Executive Chair of the Board of Directors of the Company (the "Board"), effective July 29, 2026.
Appointed: Thomas Lane, Lead Independent Director, effective 2026-07-29
In addition, there are no familial relationships between Mr. Adams and any director or executive officer of the Company, and Mr. Adams has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Following the appointment of Mr. Adams as Executive Chair, the Board appointed Thomas Lane as Lead Independent Director, effective July 29, 2026.
- Mr. Adams, 46, has been a non-employee member of the Board since 2016.
- In addition to his service as a non-employee member of the Board, Mr. Adams has been a partner at the law firm Adams & Duncan, Inc., P.S. in Everett, Washington, since 2006.
- Given Mr. Adams extensive knowledge of the business and his decades of experience working on matters for financial institutions, the Company believes that Mr. Adams brings to the Board complementary legal expertise and a robust familiarity with our market area, and is well qualified to serve in his new role as Executive Chair, where he will be both an executive officer of the Company and will continue serving as the chair of the Board.
- On July 29, 2026, the Company entered into an employment agreement (the "Adams Employment Agreement") with Mr. Adams.
- The Adams Employment Agreement governs the terms of Mr. Adams's employment and contains standard non-solicitation, confidentiality and non-disparagement provisions.
- The initial term of the Adams Employment Agreement is five years, with automatic annual renewal absent prior notice of non-renewal.
- Pursuant to the terms of the Adams Employment Agreement, Mr. Adams will be entitled to an annual base salary of $750,000, subject to annual review by the Compensation Committee of the Board.
Appointed: Joel Edwards, Chief Financial Officer, effective 2026-08-15
Appointment of Joel Edwards, Interim Chief Financial Officer In connection with Mr. Soto's departure, the Company has appointed Joel Edwards as Interim Chief Financial Officer, effective August 15, 2026.
- Departure of Brandon Soto, Executive Vice President and Chief Financial Officer On July 22, 2026, Coastal Financial Corporation (the "Company"), announced that Brandon Soto, Executive Vice President and Chief Financial Officer will step down from his role as Chief Financial Officer of the Company, effective August 15, 2026, to pursue a position as the Chief Executive Officer of a banking subsidiary of a privately held company in the financial technology sector.
- Mr. Soto's departure is not related to any disagreements with the Company.
- In connection with his separation, the Company and Mr. Soto entered into a Separation Agreement (the "Separation Agreement"), dated July 22, 2026, that provides for a waiver of any advance notice requirements and repayment of a $15,000 signing bonus by Mr. Soto in exchange for Mr. Soto agreeing to certain restrictive covenants.
- Mr. Edwards, 65, was previously the Chief Financial Officer of the Company and the Coastal Community Bank (the "Bank"), a subsidiary of the Company, from 2012 until his retirement in 2025 and currently serves as an advisor to the Company.
- Prior to joining the Company and Bank, Mr. Edwards was a Senior Vice President and Administration Officer at AmericanWest Bank.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.