Over Three Decades of Coastal Banking.
Founded in 1987 by a determined group of local entrepreneurs in Gulf Shore, coatsalbark was built from the ground up to serve the underbanked coastal communities of the region — neighbors helping neighbors build lasting financial security.
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Gulf Shore, 1987
The harbor district where coatsalbark first opened its doors to coastal families and small businesses.
1987
Year Founded
38+
Years of Service
12
Coastal Branches
60k+
Members Served
Our Mission & Core Values
At coatsalbark, everything we do flows from a simple belief: banking should strengthen the coastlines and communities that define our way of life.
Community First
Every dollar deposited with coatsalbark is reinvested directly into local coastal economies — funding small businesses, housing, and infrastructure that matter to your neighbors. We measure our success by the vitality of the communities we serve, not just the balance sheet.
Transparency
With coatsalbark, you'll never encounter hidden fees or confusing fine print — every rate, charge, and term is presented clearly before you commit. We believe banking should feel like a partnership built on honesty, not a maze designed to catch you off guard.
Sustainability
coatsalbark leads coastal banking's green transition — from paperless accounts and digital statements to financing renewable energy projects along the shore. We protect the coastlines our communities call home for generations to come.
A Charter Built on Coastal Principles
coatsalbark is a federally chartered community bank, accountable to the people and shorelines we serve — not to distant shareholders. Our values aren't marketing copy; they're written into how we operate every single day.
The People Behind coatsalbark
Our leadership team combines decades of financial expertise with a genuine commitment to the coastal communities we call home.
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Margaret Holloway
Chief Executive OfficerMargaret has led coatsalbark for over 14 years, guiding the bank through periods of regional growth and economic change with steady, community-first leadership. She holds an MBA from the University of North Carolina and previously served as a regional director at the FDIC.
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Daniel Forsythe
Chief Financial OfficerDaniel brings 20 years of financial management experience to coatsalbark, overseeing capital planning, regulatory compliance, and long-term fiscal strategy for the institution. His disciplined approach to risk management has helped maintain the bank's strong balance sheet through multiple economic cycles.
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Patricia Osei
Chief Lending OfficerPatricia leads coatsalbark's lending division with a deep commitment to making credit accessible for coastal small businesses, homeowners, and fishing industry operators. She joined the bank after a decade at Atlantic Coast Credit Union and holds certifications in commercial and residential lending.
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Robert Callahan
Community Relations DirectorRobert serves as the bridge between coatsalbark and the coastal communities it serves, coordinating partnerships with local nonprofits, schools, and municipal programs along the Carolina coast. He has championed financial literacy initiatives that have reached over 8,000 community members in the past three years.
coatsalbark is supervised by federal and state banking regulators and committed to full institutional transparency. Learn more about our governance →
Banking Built for Coastal Communities. Rooted locally, focused on your financial future.
Contact Us
- 123 Harbor View Drive
Gulf Shore, AL 36542 - [email protected]
- +1 (251) 555-0182
FDIC Insured
Deposits insured up to $250,000
© 2026 coatsalbark. All rights reserved. Member FDIC.
Regulated by the Alabama State Banking Department