Coastal Financial Corporation Sets Date for Special Meeting of Shareholders to Vote on Proposed Merger With BB&T Corporation.MYRTLE BEACH, S.C. -- Coastal Financial Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CFCP) announced today that it will convene CONVENE, civil law. This is a technical term, signifying to bring an action. a Special Meeting of Shareholders on April 27, 2007 to vote on its proposed merger with BB&T Corporation (NYSE NYSE See: New York Stock Exchange : BBT BBT basal body temperature. BBT, n See technique, Buteyko breathing. ). Shareholders of record as of the close of business on March 7, 2007 are entitled to vote at the Special Meeting of Shareholders. Proxy solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual materials, including a proxy statement-prospectus for the Special Meeting of Shareholders, will be mailed on or about March 26, 2007. Subject to receipt of shareholder and regulatory approvals, Coastal Financial Corporation and BB&T Corporation expect to complete the merger in the second calendar quarter of 2007. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined by federal securities laws. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management of Coastal Financial Corporation and BB&T Corporation. Actual results could differ materially from current projections and estimates. This news release is not an offer to sell or a solicitation of an offer to buy any securities of BB&T Corporation. Such offer and solicitation shall be made only by means of the proxy statement-prospectus for the Special Meeting of Shareholders. The securities of BB&T Corporation are not federally-insured. This news release is not a proxy solicitation by Coastal Financial Corporation. Such solicitation shall be made only by means of the proxy statement-prospectus for the Special Meeting of Shareholders. |
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