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Coastal Banking Company Reports Positive First Quarter 2011 Net Income

BEAUFORT, S.C., May 12, 2011 (GLOBE NEWSWIRE) -- Coastal Banking Company Inc. (OTCBB:CBCO), the holding company of CBC National Bank, which operates divisions including Lowcountry National Bank in Beaufort, S.C., and First National Bank of Nassau County in Fernandina Beach, Fla., today reported quarterly net income of $15,232, or a loss of $0.05 per diluted share, for the quarter ended March 31, 2011, compared to a net loss of $471,275, or a loss of $0.24 per diluted share, for the first quarter of 2010.
/ Source: GlobeNewswire

BEAUFORT, S.C., May 12, 2011 (GLOBE NEWSWIRE) -- Coastal Banking Company Inc. (OTCBB:CBCO), the holding company of CBC National Bank, which operates divisions including Lowcountry National Bank in Beaufort, S.C., and First National Bank of Nassau County in Fernandina Beach, Fla., today reported quarterly net income of $15,232, or a loss of $0.05 per diluted share, for the quarter ended March 31, 2011, compared to a net loss of $471,275, or a loss of $0.24 per diluted share, for the first quarter of 2010.

For the full text of the press release and financial tables, please visit the company's website at .

CONTACT: Michael G. Sanchez Chief Executive Officer Coastal Banking Company Inc. 904-321-0400 Andy Mus Senior Vice President Marsh Communications LLC 404-327-7662