Coast Bancorp Releases Its 2007 Annual Report

SAN LUIS OBISPO, CA -- (MARKET WIRE) -- 05/29/08 -- Jack Wauchope, President and CEO of Coast Bancorp (OTCBB: CTBP), the holding company for Coast National Bank, announced that the 2007 Annual Report has been distributed to the shareholders and a copy is available at the Bank's website, www.coastnationalbank.com.

Coast National Bank opened for business on June 16, 1997. The Bank is an independent community bank with five banking offices and a loan production office. With a focus on delivering unsurpassed customer service, the Bank provides small business loans, home loans and other loans, as well as an array of business and personal banking deposit products and other services. The Bank is a wholly owned subsidiary of Coast Bancorp, a $180 million bank holding company, headquartered in San Luis Obispo, California. Coast Bancorp stock trades under the ticker symbol "CTBP.OB."

For more information, contact: Coast National Bank 805.541.0400

2008-05-29 17:55:48 0373399 MARKETWIRE