0001193125-18-217634.txt : 20180816 0001193125-18-217634.hdr.sgml : 20180816 20180713125504 ACCESSION NUMBER: 0001193125-18-217634 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180713 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COASTAL FINANCIAL CORP CENTRAL INDEX KEY: 0001437958 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 000000000 STATE OF INCORPORATION: WA FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 2817 COLBY AVENUE CITY: EVERETT STATE: WA ZIP: 98201 BUSINESS PHONE: 425-257-1652 MAIL ADDRESS: STREET 1: 2817 COLBY AVENUE CITY: EVERETT STATE: WA ZIP: 98201 CORRESP 1 filename1.htm CORRESP

July 13, 2018

VIA EDGAR

U.S. Securities and Exchange Commission

Division of Corporation Finance

100 F Street, N.E.

Washington, D.C. 20549

 

Attn:       David Lin
  Re:        Coastal Financial Corporation
     Registration Statement on Form S-1
     File No. 333-225715
     Request for Acceleration

Ladies and Gentlemen:

Pursuant to Rule 461 under the Securities Act of 1933, as amended, the undersigned, as the representatives of the prospective underwriters of the above issue, hereby join in the request of Coastal Financial Corporation (the “Company”) that the effectiveness of the Registration Statement on Form S-1 (Registration No. 333-225715) be accelerated so that the Registration Statement will become effective at 4:00 P.M. Eastern Time on July 17, 2018, or as soon thereafter as practicable.

Pursuant to Rule 460 under the Securities Act of 1933, as amended, and in connection with the foregoing, please note that the underwriters have distributed approximately 781 copies of the preliminary prospectus dated July 10, 2018, through the date hereof, to prospective underwriters, institutional investors, dealers and others.

The undersigned, as the representatives of the prospective underwriters of the above issue, hereby represent on behalf of the underwriters that the underwriters are acting in compliance and will act in compliance with the provisions of Rule 15c2-8 promulgated under the Securities Exchange Act of 1934, as amended, in connection with the above proposed offering.

[Remainder of Page Intentionally Left Blank; Signature Page Follows]

Very truly yours,

 

KEEFE, BRUYETTE & WOODS, INC.

HOVDE GROUP, LLC

By: KEEFE, BRUYETTE & WOODS, INC.

By:

  

/s/ Lisa J. Schultz

Name:

  

Lisa J. Schultz

Title:

  

Managing Director

By: HOVDE GROUP, LLC

By:

  

/s/ Kevin S. Grant

Name:

  

Kevin S. Grant

Title:

  

Chief Compliance Officer

[Signature Page to Acceleration Request]