Barbara Sorenson

Coastal Bancorp, Inc. principal activity is the provision of banking services in Texas. The Company serves as a holding company for Coastal Banc ssb, a chartered state savings bank. It accepts savings and checking accounts and certificate of deposits, all insured by the Federal Deposit Insurance Corporation. The deposits are invested in residential, commercial real estate mortgage, industrial, and consumer and development loans. On a third party basis, the company accepts investments in noninsured government and municipal bonds and growth funds and sector funds. The company operates through forty-three branch offices in Houston, Corpus Christi, Austin, the Rio Grande Valley and small cities in the southeast quadrant of Texas . The Company was incorporated in March 1994.