First Federal and CBC Receive Regulatory Approval for Merger

First Federal Bancorp and Coastal Banking Company received all required approvals from the Federal Reserve Bank of Atlanta, the Office of the Comptroller of the Currency, and the South Carolina Office of the Commissioner of Banking for their previously announced merger.

First Federal Acquires Coastal Banking

First Federal Bancorp, the holding company of First Federal Bank of Florida, signed a merger agreement with Coastal Banking to acquire the Fernandina Beach, FL bank.