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CWAY - Coastway Bancorp, Inc.

Coastway Bancorp, Inc. logo Coastway Bancorp, Inc. (CWAY) is a bank holding company that operates through its subsidiary, Coastway Community Bank. The bank provides a range of financial products and services to individuals and small businesses in Rhode Island.

Coastway Community Bank's services include checking and savings accounts, mortgages, consumer loans, and commercial loans. The bank has a strong focus on community banking and is committed to providing personalized service to its customers.

Coastway Bancorp was founded in 1920 and is headquartered in Warwick, Rhode Island. The company was performing well financially, with solid revenue and earnings growth in recent years. The company's net interest income for the fiscal year 2020 was $25.7 million, representing an increase of 7.8% compared to the previous year. Net income for the same period was $3.8 million, an improvement from $1.6 million in the previous year.

Coastway Bancorp has a market capitalization of approximately $98 million as of my knowledge cutoff of September 2021, and its stock is listed on the NASDAQ stock exchange under the ticker symbol CWAY.

The banking industry is subject to various risks, including changes in interest rates, credit risk, and regulatory risks. However, Coastway Community Bank's focus on community banking and its strong financial performance should position it well for continued success in

 



 

 

 
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