Gold Coast Bank (Islandia, NY) announced that it expects to raise $15,000,000 in its second round of funding on February 19, 2013. The company will issue 2,000,000 shares at $7.5 per share to existing investors. The company expects the subscriptions to start by beginning of March 2013.

On March 15, 2013, the company announced that it will issue up to 1,500,000 shares at $10 per share for gross proceeds of $15,000,000. The company commenced the transaction.

As of August 6, 2013, the company has issued 604,000 shares for gross proceeds of $6,040,000. The transaction is expected to close by December 31, 2013.