Coastal Banc ssb Launches Internet Banking

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Coastal Banc ssb Launches Internet Banking

    HOUSTON, July 9 /PRNewswire/ -- Coastal Banc ssb, home of X-Banking,
announced today that it has launched Internet Banking on its web site
http://www.coastalbanc.com.
    "We're pleased to X-ecute Internet Banking in response to the convenience
needs of our customers," said Manuel J. Mehos, Chairman and Chief Executive
Officer of Coastal.  "Internet Banking is another important step in our online
strategy.  The Internet allows us to add value to existing customers and to
extend our local presence to the wider Internet audience.  You hear Internet
Banking being called an alternative delivery system, but for many of our
customers this is, and will be, the main link to us as their bank," comments
Mehos.  "Although Internet Banking will never replace your local branch, you
no longer need to visit a physical location to handle many of your daily
banking needs."
    Currently, Coastal's Internet Banking includes the following features:
    --  Display account information, including balances;
    --  View account history;
    --  View electronic statements;
    --  Transfer funds between accounts;
    --  Download transactions to Microsoft Money and Quicken;
    --  Submit stop payment requests;
    --  Order checks;
    --  Communicate securely with Coastal's Customer Connection Center.

    Internet Banking complements Coastal's existing online offerings, which
include receiving CD applications and a web site offering information about
products and services, a branch locator, investor and financial information,
press releases and job postings.
    Future plans for the web site include online bill payment services (to be
released soon), extending Internet Banking to meet the more demanding needs of
commercial customers (allowing ACH originations and wire transfers), and
further expanding its online deposit and loan applications.
    At March 31, 1999, Coastal had total assets of approximately $3.0 billion
and deposits of approximately $1.7 billion.
    Coastal Banc ssb, a Texas-chartered, state savings bank headquartered in
Houston, operates 50 branch offices in metropolitan Houston, Austin, Corpus
Christi, the Rio Grande Valley and small cities in the southeast quadrant of
Texas.  The voting stock of Coastal is owned by Coastal Bancorp, Inc.
(Nasdaq:  CBSA) through its wholly-owned subsidiary, Coastal Banc Holding
Company, Inc.
    "Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995:  The statements contained in this release which are not historical
facts contain forward looking information with respect to plans, projections
or future performance of the Company, the occurrence of which involve certain
risks and uncertainties detailed in the Company's filings with the Securities
and Exchange Commission.

SOURCE Coastal Bancorp, Inc.

http://www.coastalbanc.com
Company News On-Call:

http://www.prnewswire.com/comp/118190.html or fax,
800-758-5804, ext. 118190
CONTACT:
Manuel J. Mehos, CEO, or Catherine N. Wylie,
CFO, both of Coastal Bancorp, Inc., 713-435-5000, or fax,
713-435-5106