Don Coulter Named Coast Capital's New CEO

SURREY, BC--(Marketwired - November 25, 2014) - Coast Capital Savings has appointed Don Coulter as its new President and Chief Executive Officer. He had been serving as Interim CEO since July 2014.

Don joined Coast Capital as Chief Financial Officer in 2009 and has played an instrumental role in the strategic direction and success of the organization over the past 6 years. During his tenure as CFO, Coast Capital had strong financial performance, growing assets under administration by $2 billion, nearly doubling retained earnings and posting several years of record profits.

Don is currently leading the development of Coast Capital's new corporate headquarters, slated for completion in late 2015 as one of the flagship projects in the revitalization of Surrey's city centre. Earlier this year he spearheaded the strategic acquisition of Travelers Financial Group and in 2013 was selected CFO of the Year by Business in Vancouver magazine.

"Don has done a tremendous job and been an effective leader at Coast Capital for many years. Our extensive Canada-wide search for qualified candidates reinforced Don as the natural choice for the CEO position," said Bill Cooke, Chair of the Board of Directors. "He has extensive experience in financial services, a proven track record of achieving results and a passion for helping our members."

Cooke added that Don is a strong supporter of Coast Capital's unique culture and values and is a true team player. "He is an engaging leader who inspires those around him to not only excel in their roles, but have fun doing it. He really cares about those he works with and understands that collaboration and teamwork are critical to the success of any organization."

Prior to joining Coast Capital, Don held senior executive positions with CIBC, First Caribbean International Bank and the Ontario Teachers' Pension Plan. He studied mathematics and finance at the University of Toronto and has a Master of Science from the Stern School of Business at New York University. He is also a chartered accountant and earlier in his career worked for KPMG and PricewaterhouseCoopers.

"I'm excited and honoured to have this new opportunity and to be able to continue working with such an incredibly talented executive group and team of employees," said Coulter. "Coast Capital is one of the most innovative, rapidly growing and member focused credit unions in Canada. I intend to build on this proud legacy to help improve the financial well-being of our members and deliver on our purpose to change the way Canadians feel about banking, forever."

Don lives with his wife and three sons in Surrey. He is a member of the legislative affairs committee of Credit Union Central of Canada as well as the CFO Council for the Credit Union National Association (U.S.), and sits on the boards of the Kwantlen Polytechnic University Foundation and the Institute of Chartered Accountants of B.C.

About Coast Capital Savings
Coast Capital Savings is Canada's second largest credit union, owned by its 512,000 members. It has 50 branches in the Metro Vancouver, Fraser Valley and Vancouver Island regions of British Columbia and has exciting plans to grow. Product innovations include Canada's first free chequing account from a full-service financial institution. Coast Capital offers one of Canada's 10 Most Admired Corporate Cultures™ and was named one of 2014's BC Top Employers. It is a member of Canada's Best Managed Companies Platinum Club and an Imagine Canada Caring Company. To learn more, visit www.coastcapitalsavings.com.

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