2012-554. Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).

The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than January 31, 2012.

A. Federal Reserve Bank of San Francisco (Kenneth Binning, Vice President, Applications and Enforcement) 101 Market Street, San Francisco, California 94105-1579:

1. Montlake Capital, LLC and its control parties, Andrew Russell Dale, Montlake Capital Advisor II, LLC, Montlake Capital II, LP, and Montlake Capital II-B, LP, and their investors; to retain voting shares of Coastal Financial Corporation, and thereby indirectly acquire voting shares of Coastal Community Bank, both in Everett, Washington.

Board of Governors of the Federal Reserve System, January 10, 2012.

Robert deV. Frierson,

Deputy Secretary of the Board.