Brian Peters Bay Quotations

We have made significant progress on six additional branch offices, which we expect to open in the next few months. In addition, we have plans to open three other branch offices later this year, and will continue to explore further branch expansion opportunities in the greater Tampa Bay area. While we expect to see higher expenses in future periods as a result of our expansion, over time these new branches should further improve our profitability by providing us low cost deposits to fund our loan growth.

Over the past 12 months, we have expanded our loan portfolio and anticipate that because of the high growth throughout the Tampa Bay area we should be able to continue at that rate this year.

We are also moving forward with our plans to lease eight branch sites in Hillsborough, Pasco, Polk, Pinellas and Manatee counties, marking our entrance into Hillsborough, Pasco and Polk counties and increasing our presence in Pinellas and Manatee counties. These eight new locations, which we expect to open in 2006, will bring Coast's branch total to 20 offices in the greater Tampa Bay area. While these new locations will temporarily decrease short- term profitability, they should provide solid contributions to earnings in future periods.