EXHIBIT 21

SUBSIDIARIES OF THE REGISTRANT

Parent

Coastal Financial Corporation

Subsidiary	Percentage Owned		State of Incorporation
Coastal Federal Bank		100%		United States
Coastal Investor Services, Inc.		100%		South Carolina
Coastal Financial Capital Trust I		100%		Delaware
Coastal Planners Holding Corporation		100%		Delaware
Coastal Retirement Estate and Tax Planners, Inc. (4)		100%		South Carolina
Coastal Federal Holding Corporation (1)		100%		Delaware
Coastal Real Estate Investment Corporation (3)		100%		North Carolina
Coastal Mortgage Bankers and Realty Co., Inc. (1)		100%		South Carolina
Sherwood Development Corporation (2)		100%		South Carolina

(1)	First tier subsidiaries of Coastal Federal Bank.
(2)	Second tier subsidiary of Coastal Federal Bank and first tier subsidiary of Coastal Mortgage Bankers and Realty.
(3)	First tier operating subsidiary of Coastal Federal Holding Corporation, consolidated with Coastal Federal for Regulatory Reporting.
(4)	First tier operating subsidiary of Coastal Planners Holding Corporation.

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