Nelson Mullins is proud to represent Beacon Holding Company, Inc., the parent company of Beacon Community Bank in Charleston, South Carolina, in its recently announced definitive agreement to combine with Coastal Carolina Bancshares, Inc., the parent company of Coastal Carolina National Bank in Myrtle Beach, South Carolina, through an all-stock transaction. The agreement will create the third-largest publicly traded community bank holding company headquartered in South Carolina, with approximately $2.2 billion in consolidated assets and a market capitalization of approximately $200 million. The combined company will have 16 branches and a loan production office serving markets throughout the coastal Carolinas region and inland to the South Carolina upstate. 

Following closing of the merger, the holding company will remain Coastal Carolina Bancshares, Inc. and continue trading under the ticker symbol “CCNB.” Once the system conversion is complete, expected in early 2027, the bank will be rebranded as Beacon Bank, N.A. Closing is expected to occur in the third or fourth quarter of 2026.

The Nelson Mullins team was led by partners Ben Barnhill and Rusty Melges, with associate Robbie Lindsay and further support from Frances-Ann Criffield and Maurice Holloway.

For more details on the transaction, click here for the joint press release.