Myrtle Beach, S.C.-based Coastal Carolina Bancshares is merging with Beacon Holding Company, Charleston, S.C., in an all-stock deal. .The deal is expected to close later this year and create a $2.2 billion bank with a $200 million market capitalization. The combined company will have 16 branches and a LPO, and remain Coastal Carolina Bancshares. Beacon Holding Company is the parent company of Beacon Community Bank. Coastal Carolina Bancshares is the holding company of Coastal Carolina National Bank.St. Petersburg, Fla.-based Raymond James & Associates was financial adviser to Coastal Carolina, while Wyrick Robbins Yates & Ponton LLP, Raleigh, N.C., is legal counsel. New York City-based Keefe, Bruyette & Woods is financial advisor to Beacon, while Nelson Mullins Riley & Scarborough LLP, Columbia, S.C., was legal counsel.
