(Islandia, NY) June 29, 2016 – Gold Coast Bank, known as “Long Island’s Community Bank”^sm, today announced the completion of its current stock offering. The Bank raised a total of approximately $9.5 million. The Bank’s common stock will now be included for quotation on the OTC Pink market under the symbol “GLDT”. The larger capital base will allow the Bank to make larger loans to high quality borrowers, to better penetrate our market area, and support our expanded lending activities throughout the New York City metropolitan area.

John C. Tsunis, Chairman and CEO stated, “We have been encouraged by our founding investors who continue to support our community bank, and we thank them, as well as our new investors, who have come aboard in response to our Bank’s growth, profitability and stellar asset quality. We will use the proceeds of this offering to support the lending demand in our markets, to increase our lending capacity to our excellent customer base and new target markets, and to expand our branch footprint.”

FIG Partners, LLC acted as the sole placement agent in the transaction.

About Gold Coast Bank

Headquartered in Islandia with additional branches located in Huntington, Setauket, Farmingdale, Mineola and Southampton, Gold Coast Bank is a New York State chartered bank whose popularity and reputation stems from the strong, long-term relationships cultivated among its large and diverse customer base. The bank’s deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Gold Coast Bank prides itself on providing businesses and individuals with quality lending and banking services. Fulfilling a unique niche within the Long Island commercial banking sector, Gold Coast Bank delivers specialty lending capabilities in a variety of areas that include real estate, equipment finance, and lines of credit for privately owned businesses. For more information about Gold Coast Bank, please visit www.gcbny.com.

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BANK CONTACT:

Catherine Califano, EVP-CFO

631-233-8640

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