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Coastal Carolina National closes VistaBank deal

Aiken, S.C.-basedVistaBank ($110.7 million)completed its with Myrtle Beach, S.C.-basedCoastal Carolina National Bank($190.8 million), a unit of CoastalCarolina Bancshares Inc., according to a company press release datedOct. 10.

In the cash-and-stockdeal valued at $12.2 million, VistaBank shareholders can choose to receive cash,stock or a combination of both, so long as 75% of VistaBank shares are exchangedfor Coastal Carolina common stock and 25% are traded in for cash.