CFHI Coast Finl Hldgs (MM)

Coast Financial Holdings Opens Two New Branches BRADENTON, Fla., July 26 /PRNewswire-FirstCall/ -- Coast Financial Holdings, Inc. (NASDAQ:CFHI), parent company of Coast Bank of Florida, today announced the bank opened two new branches last week. The Seminole branch is located at 13700 Park Boulevard in Seminole, and is the company's fourth branch in Pinellas County. A new branch in Manatee County, located on State Road 70 and 30th Street East, also opened last week, bringing Coast Bank's branch network to 12 branch locations. "We are successfully progressing with our branch expansion strategy by opening another branch in Manatee County and our fourth in Pinellas County," said Brian Peters, President and CEO. "We are enthusiastic about the visibility of these branch locations and our ability to serve customers in the community. New branches are an excellent way to attract core deposits, while greatly increasing convenience for our customers." The Seminole facility was occupied at one time by Southeast Bank and is located in a high growth area. It is a superb location with quick access to local businesses and Indian Rocks Beach. "We are also excited to announce that Crystal Doyle will be the branch manager and VP of the Seminole branch," said Peters. Ms. Doyle, who has spent the past four years as a customer service manager, is a 10-year veteran of the banking industry and will be instrumental in building the bank's presence in this new market. The Manatee County branch is a newly built facility that is located next to Walmart and across from Sam's Club on St. Rd 70. "This area is exploding with residential and business growth. This new location will provide us the opportunity to reach out to customers on the East side of Bradenton. Daryl Cuvelier is the branch manager and VP of the St. Rd 70 Branch. He joins Coast Bank with seven years of branch manager experience. Mr. Cuvelier and his team are local bankers from the Bradenton and Palmetto areas and are anxious to serve this new market," concluded Peters. About the Company As of March 31, 2005, Coast Financial Holdings, Inc. had $424 million in total assets and through its banking subsidiary, Coast Bank of Florida ( http://www.coastfl.com/ ), operates 12 full-service banking locations in Manatee and Pinellas County, Florida. Coast Bank of Florida is a commercial bank that provides full-service banking operations to its customers from its headquarters location and from branch offices in Bradenton, Palmetto, Longboat Key, Seminole, Kenneth City and St. Petersburg. Through an arrangement with Raymond James Financial Services, Inc., Coast Bank makes asset and investment management services and insurance products available to its customers. This press release and other statements to be made by the Company contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, including, but not limited to, statements relating to projections and estimates of earnings, revenues, cost-savings, expenses, or other financial items; statements of management's plans, strategies, and objectives for future operations, and management's expectations as to future performance and operations and the time by which objectives will be achieved; statements concerning proposed new products and services; and statements regarding future economic, industry, or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as "believe," expect," anticipate," project," and conditional verbs such as "may," "could," and "would," and other similar expressions or verbs. Such forward-looking statements reflect management's current expectations, beliefs, estimates, and projections regarding the Company, its industry and future events, and are based upon certain assumptions made by management. These forward-looking statements are not guarantees of future performance and necessarily are subject to risks, uncertainties, and other factors (many of which are outside the control of the Company) that could cause actual results to differ materially from those anticipated. These risks, uncertainties, and other factors include, among others: changes in general economic or business conditions, either nationally or in the State of Florida, changes in the interest rate environment, the Company's ability to successfully open and operate new branches and collect on delinquent loans, changes in the regulatory environment, and other risks described in the Company's Form 10-KSB for the fiscal year ended December 31, 2003 and as described from time to time by the Company in other reports filed by it with the Securities and Exchange Commission. Any forward-looking statement speaks only to the date on which the statement is made, and the Company disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. If the Company does update any forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to that statement or any other forward-looking statements. Contacts: Brian P. Peters, President and CEO Brian F. Grimes, EVP and CFO 877-COASTFL 877-COASTFL DATASOURCE: Coast Financial Holdings, Inc. CONTACT: Brian P. Peters, President and CEO, , or Brian F. Grimes, EVP and CFO, , both of Coast Financial Holdings, +1-877-COASTFL Web site: http://www.coastbankflorida.com/

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