Coastal Community Bank Announces Addition of Data Scientist Architect
January 13 2020 - 3:41PM
Coastal Community Bank announces the addition of David Franklin as
Senior Vice President and Data Scientist Architect. Franklin brings
a PhD in Computer Science from Northwestern University to this
newly created position at Coastal. His background includes a number
of years as a Senior Program Manager at Microsoft, and most
recently he worked at Comcast as a Product Architect. Franklin has
a demonstrated record of designing, planning, and engineering
software projects capitalizing on machine learning and robotics.
Franklin will work with Coastal partner, Neocova, to develop an
integrated compliance and reporting system for the bank’s Banking
as a Service (“BaaS”) Division, CCBX. By creating a secure unified
data warehouse with an integrated dashboard and reporting engine,
Coastal will have enhanced oversight of key compliance areas
including Bank Secrecy Act (“BSA”) and Anti-Money Laundering
(“AML”).
According to Coastal President and CEO, Eric Sprink, “Finding
someone with this level of expertise, who is also deeply connected
to our community is beyond our expectations. His ability to create
innovative solutions will allow Coastal to learn and grow using
industry best-practices. Combine this with advanced data analytics
and AI, and we will soon have an efficient infrastructure to
support our strategic partners and ensure regulatory oversight and
compliance.”
About Coastal Community BankCoastal Financial
Corporation (Nasdaq: CCB) (the “Company”) is an Everett, Washington
based bank holding company with Coastal, a full-service commercial
bank, as its sole wholly-owned banking subsidiary. The $1
billion community bank that Coastal operates provides service
through 14 branches in Snohomish, Island, and King Counties, the
Internet, and its mobile banking application. Coastal provides
select partners with BaaS through its CCBX Division. To learn more
about Coastal visit www.coastalbank.com. Forward-Looking
StatementsThis Press Release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements reflect the
Company’s current views with respect to, among other things, future
events and the Company’s financial performance. Any statements
about the Company’s expectations, beliefs, plans, predictions,
forecasts, objectives, assumptions or future events or performance
are not historical facts and may be forward-looking. These
statements are often, but not always, made through the use of words
or phrases such as “anticipate,” “believes,” “can,” “could,” “may,”
“predicts,” “potential,” “should,” “will,” “estimate,” “plans,”
“projects,” “continuing,” “ongoing,” “expects,” “intends” and
similar words or phrases. Any or all of the forward-looking
statements in (or conveyed orally regarding) this presentation may
turn out to be inaccurate. The inclusion of or reference to
forward-looking information in this presentation should not be
regarded as a representation by the Company or any other person
that the future plans, estimates or expectations contemplated by
the Company will be achieved. The Company has based these
forward-looking statements largely on its current expectations and
projections about future events and financial trends that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. The Company’s
actual results could differ materially from those anticipated in
such forward-looking statements as a result of risks, uncertainties
and assumptions that are difficult to predict. Factors that could
cause actual results to differ materially from those in the
forward-looking statements include, without limitation, the risks
and uncertainties discussed under “Risk Factors” in Form 10-K for
the year ended December 31, 2018, and in any of the Company’s
subsequent filings with the Securities and Exchange Commission.If
one or more events related to these or other risks or uncertainties
materialize, or if the Company’s underlying assumptions prove to be
incorrect, actual results may differ materially from what the
Company anticipates. You are cautioned not to place undue reliance
on forward-looking statements. Further, any forward-looking
statement speaks only as of the date on which it is made and the
Company undertakes no obligation to update or revise any
forward-looking statement to reflect events or circumstances after
the date on which the statement is made or to reflect the
occurrence of unanticipated events.
Contact:
Joel Edwards
Chief Financial Officer
425.357.3687
jedwards@coastalbank.com
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