EJF Capital LP Decreases Stake in CoastalSouth Bancshares, Inc. to 1.6%

EJF Capital LP and its affiliated reporting persons, including Emanuel J. Friedman and Neal J. Wilson, filed Amendment No. 1 to their Schedule 13G regarding CoastalSouth Bancshares, Inc. (COAS). As of the event date, the reporting persons collectively reported beneficial ownership of 192,676 shares of Voting Common Stock, representing approximately 1.6% of the 12,035,531 shares outstanding. This filing indicates a significant decrease in ownership, as the reporting persons now own less than 5% of the issuer's outstanding common stock, as noted in Item 5. Specifically, EJF Financial Services Fund, LP holds the reported 192,676 shares, while EJF Sidecar Fund, Series LLC reported zero shares. EJF Capital LP, as the managing member or sole member of the general partners of the funds, along with its principals, may be deemed to share beneficial ownership of these securities. The reporting persons have ceased to be beneficial owners of more than five percent of the class of securities.