Coastal Financial Corporation, the bank holding company for Coastal Community Bank, announced Brian Ferrell has joined the bank as Executive Vice President, Head of Financial Crimes Compliance, and Bill Rhodes has joined as Executive Vice President, Chief Audit Executive.

Ferrell is a seasoned corporate regulatory and federal government leader with more than 30 years of expertise in the financial services sector. He has deep expertise in the Anti-Money Laundering (AML) rules and regulations relating to the Bank Secrecy Act/ USA PATRIOT managing the complex regulatory and compliance demands faced by diversified financial services institutions. A graduate of Creighton University with a B.A., Creighton University School of Law with a Juris Doctorate, and Vermont Law and Graduate School with a master's in environmental law and policy, he held leadership roles at the U.S. Department of the Treasury, The Hartford Financial Services Group, and most recently EY, as Principal, Senior Financial Crimes Compliance Practice Leader.

Rhodes is an executive internal audit leader with more than 20 years of experience spanning both internal and external audit across the Financial Services sector, most recently in scaling the internal audit function of Silicon Valley Bank. Prior to his time at Silicon Valley Bank, he worked for PricewaterhouseCoopers, TD Bank Financial Group, and Arthur Andersen. As a graduate of York University with a B.A. in Psychology, University of Windsor with a Bachelor of Commerce with honors, and a Canadian Chartered Accountant, he has a track record of leading and transforming the Internal Audit function of rapidly growing financial services institutions. His work includes leading independent assessments on a wide range of topics affecting the financial services industry.

"The invaluable skills and expertise that Brian and Bill bring to our organization will further enhance Coastal's transition to a larger, more complex, and dynamic entity," said Eric Sprink, CEO. "Undoubtedly, their wealth of experience will prove invaluable as the organization continues to grow."