Coastal Financial appoints Baker Tilly as auditor after Moss Adams merger; adverse internal control opinion noted

COASTAL FINANCIAL CORP

Moss Adams merged with Baker Tilly effective June 3, 2025; Moss Adams resigned and Baker Tilly appointed as successor independent auditor.
No disagreements with Moss Adams on accounting principles, financial statement disclosure, or audit scope during 2024, 2023, and interim period.
Moss Adams' audit reports for 2024 and 2023 financial statements were unqualified; internal control report had an adverse opinion.
Company did not consult Baker Tilly on any accounting or audit matters prior to appointment.

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