On February 26, 2026, the Board of Directors of CoastalSouth Bancshares, Inc. appointed Mr. J. Simon Fraser to serve on the Board until the 2026 Annual Meeting of Stockholders. Mr. Fraser is expected to serve on the Audit Committee and Nominating and Governance Committee following the meeting and has been determined to be an independent director.
Key takeaways
Board appointed Mr. J. Simon Fraser on February 26, 2026
Mr. Fraser's term expires at 2026 Annual Meeting of Stockholders
Expected to join Audit Committee and Nominating and Governance Committee post-2026 Annual Meeting
No arrangement or understanding with respect to any other person
No family relationships with the Company
Outstanding loans from subsidiary Coastal States Bank made in ordinary course of business
Board determined Mr. Fraser is an independent director