updated 5/12/2011 5:17:43 PM ET 2011-05-12T21:17:43

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 http://www.coastalbanking.com/pdf/firstqtr201ern.pdf .

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

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