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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>UNITED STATES <BR>SECURITIES AND
EXCHANGE COMMISSION </B><BR>WASHINGTON, DC 20549 </FONT></P>

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     <P ALIGN=CENTER>_________________ </P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>FORM S-8 </B><BR>REGISTRATION STATEMENT
<BR>UNDER THE SECURITIES ACT OF 1933<BR>_________________  </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><U><B>COASTAL BANKING COMPANY, INC.</B></U></FONT><BR><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact Name of
Registrant as Specified in Its Charter) </FONT></P>

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          <TD WIDTH=35% align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Carolina&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
          <TD WIDTH=30% align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
          <TD WIDTH=35% align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57-1076099&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
          </TR>

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          <TD WIDTH=35% align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(State of Other Jurisdiction of</FONT></TD>
          <TD WIDTH=30% align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
          <TD WIDTH=35% align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2> (I.R.S. Employer </FONT></TD>
          </TR>

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          <TD WIDTH=35% align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Incorporation or Organization)</FONT></TD>
          <TD WIDTH=30% align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
          <TD WIDTH=35% align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Identification No.)</FONT></TD>
          </TR>
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          <BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>36 West Sea Island Parkway<BR><U>Beaufort, South Carolina 29902</U><BR>
(Address of Principal Executive Offices)</FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Coastal Banking Company, Inc. 2000 Stock Incentive Plan <BR>(Full Titles of the Plan) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Randolph C. Kohn<BR>President and Chief Executive Officer<BR>
Coastal Banking Company, Inc.<BR>36 West Sea Island Parkway<BR>Beaufort, South Carolina 29902<BR><U>(843) 522-1228 </U><BR>(Name, address and
telephone number of agent for service) </FONT></P>




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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>_________________________________<BR><BR>Copies Requested to:<BR><BR>Neil E. Grayson, Esq.<BR>Nelson
Mullins Riley &amp; Scarborough LLP<BR>Poinsett Plaza, Suite 900<BR>104 South Main Street<BR>
Greenville, South Carolina 29601<BR>Telephone:&nbsp;&nbsp;(864) 250-2300<BR>Fax:&nbsp;&nbsp;(864) 232-2925<BR>
_________________________________ </FONT></P>




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     <TD WIDTH=24% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;<B>Title of Securities</B></FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=11% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Amount to be</B></FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=16% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Proposed Maximum</B></FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=17% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Proposed Maximum</B></FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=16% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Amount of</B></FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;<B>to be Registered</B></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Registered</B></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<B>Offering Price</B></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Aggregate Offering</B></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Registration Fee</B></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>per Share</B></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Price</B></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Common Stock, $.01 par value</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>149,354 (1)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$ 18.05 (2)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$2,695,839.70 (2)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$  317.30&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Represents shares of common stock issuable under the Coastal Banking Company, Inc. 2000 Stock
Incentive Plan.</FONT></TD>
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          In accordance with Rule 457(h), the registration fee is based upon the average of the bid and
asked price on February 11, 2005. </FONT></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In addition, pursuant to Rule 416(c)
under the Securities Act of 1933, this registration statement also covers an indeterminate
amount of interests to be offered or sold pursuant to the employee benefit plan described
herein. </FONT></P>


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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II </FONT></H1>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INFORMATION REQUIRED IN
THE REGISTRATION STATEMENT </FONT></H1>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 3.&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference.</FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents filed by us with the SEC are incorporated by reference into this
registration statement, and all documents subsequently filed by us pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 shall be incorporated by
reference in this registration statement and shall be a part of this registration
statement from the date of filing of the documents: </FONT></P>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
          <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          our Annual Report on Form 10-KSB for the year ended December 31, 2003; </FONT></TD>
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          <BR>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
          <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          our Quarterly Reports on Form 10-QSB for the fiscal quarters ended March 31,
          2004, June 30, 2004, and September 30, 2004; </FONT></TD>
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          <BR>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
          <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          our Current Reports on Form 8-K filed on January 29, 2004, February 27, 2004,
          May 13, 2004, June 8, 2004, June 18, 2004, November 9, 2004, and November 16,
          2004; and </FONT></TD>
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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(d) </FONT></TD>
          <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          our description of securities included in our registration statement on Form
          SB-2 filed on September 1, 1999. </FONT></TD>
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<H1><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 4.&nbsp;&nbsp;&nbsp;Description of
Securities. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
response required to this item. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5.&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel.</FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No response
required to this item. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 6.&nbsp;&nbsp;&nbsp;Indemnification of Directors and Officers.</FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coastal
Banking Company&#146;s articles of incorporation contain a provision which, subject to
certain limited exceptions, limits the liability of a director to Coastal Banking Company
or its shareholders for any breach of duty as a director. There is no limitation of
liability for: a breach of duty involving appropriation of a business opportunity of
Coastal Banking Company; an act or omission which involves intentional misconduct or a
knowing violation of law; any transaction from which the director derives an improper
personal benefit; or as to any payments of a dividend or any other type of distribution
that is illegal under Section 33-8-330 of the South Carolina Business Corporation Act of
1988 (the &#147;Corporation Act&#148;). In addition, if at any time the Corporation Act
shall have been amended to authorize further elimination or limitation of the liability of
director, then the liability of each director of Coastal Banking Company shall be
eliminated or limited to the fullest extent permitted by such provisions, as so amended,
without further action by the shareholders, unless the provisions of the Corporation Act
require such action. The provision does not limit the right of Coastal Banking Company or
its shareholders to seek injunctive or other equitable relief not involving payments in
the nature of monetary damages. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coastal
Banking Company&#146;s bylaws contain certain provisions which provide that the company
shall indemnify directors to the maximum extent provided by South Carolina law. This
protection is broader than the protection expressly mandated in Sections 33-8-510 and
33-8-520 of the South Carolina Business Corporation Act. These statutory sections provide
that a company shall indemnify a director or an officer only to the extent that he has
been wholly successful, on the merits or otherwise, in the defense of any action or
proceeding brought by reason of the fact that the person was a director or officer. This
requirement would include indemnifying directors against expenses, including
attorney&#146;s fees, actually and reasonably incurred in connection with the matter. In
addition to this mandatory indemnification right, our bylaws provide additional mandatory
protection that includes, but is not limited to, situations where the director (a)
conducted himself in good faith, (b) reasonably believed that conduct in his official
capacity with the corporation was either in the corporation&#146;s best interest or was
not opposed to the best interest of the corporation; and (c) that he had no reasonable
cause to believe his conduct was unlawful. </FONT></P>

<BR><BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2</FONT></P>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
board of directors also has the authority to extend to officers, employees, and agents the
same indemnification rights held by directors, subject to all of the accompanying
conditions and obligations. The board of directors intends to extend indemnification
rights to all of its executive officers. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Securities and Exchange Commission has informed us that indemnification for officers,
directors, and controlling persons for liabilities arising under the Securities Act of
1933 is against public policy as expressed in the Securities Act of 1933 and is,
therefore, unenforceable. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have the power to purchase and maintain insurance on behalf of any person who is or was a
director, officer, employee, or agent against any liability asserted against him or
incurred by him in any such capacity, whether or not we would have the power to indemnify
him against such liability under the bylaws. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 7.&nbsp;&nbsp;&nbsp;Exemption from Registration Claimed.</FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
response is required to this item. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8.&nbsp;&nbsp;&nbsp;Exhibits. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following exhibits are filed with this Registration Statement: </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit <BR><U>Number</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<U>Description of Exhibit</U> </FONT></P>

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                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Amended and Restated  Articles of Incorporation of the Company  (incorporated by reference to
                    Exhibit 3.2 of the Company's Registration Statement on Form SB-2; File No. 333-86371).</FONT></TD>
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                    <BR>

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                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.2 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Bylaws  of  the  Company   (incorporated  by  reference  to  Exhibit  3.3  of  the  Company's
                    Registration Statement on Form SB-2; File No. 333-86371).</FONT></TD>
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                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.3 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Coastal  Banking  Company,  Inc.  2000 Stock  Incentive  Plan  (incorporated  by reference to
                    Exhibit 10.1 of the Company's Form 10-QSB filed on August 11, 2000).</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.4 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Form of  Warrant  Agreement  (incorporated  by  reference  to Exhibit  10.8 of the  Company's
                    Registration Statement on Form SB-2, File No. 333-86371).</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Legal Opinion of Nelson Mullins Riley &amp; Scarborough, L.L.P.</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Consent of Elliott Davis, LLC</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Consent of Nelson  Mullins Riley &amp; Scarborough,  L.L.P.  (contained in their opinion filed as
                    Exhibit 5.1)</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Power of Attorney (contained on the signature pages of this Registration Statement)</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>


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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.&nbsp;&nbsp;&nbsp;Undertakings.</FONT></H1>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company hereby undertakes:</FONT></P>

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                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1) </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    To file, during any period in which offers or sales are being made, a
                    post-effective amendment to this registration statement: </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
                    <TR VALIGN=TOP>
                    <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i) </FONT></TD>
                    <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          To include any prospectus required by Section 10(a)(3) of the Securities Act of
          1933;</FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TR VALIGN=TOP>
               <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii) </FONT></TD>
               <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               To reflect in the prospectus any facts or events which, individually or
               together, represent a fundamental </FONT></TD>
               </TR>
               </TABLE>
               <BR>

<BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3</FONT></P>
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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
change in the information in the registration statement. Notwithstanding the foregoing, any
increase or decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any deviation from the
low or high end of the estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20 percent change in the maximum
aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148;
table in the effective registration statement;</FONT></TD>
</TR>
</TABLE>
<BR>

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               <TR VALIGN=TOP>
               <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii) </FONT></TD>
               <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          To include any additional or changed material information on the plan of
          distribution;</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<U>provided</U>,
<U>however</U>, that the undertakings set forth in paragraph (i) and (ii) above do not
apply if the information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the Commission
pursuant to Section 13 or 15(d) of the Exchange Act of 1934 that are incorporated by
reference in this registration statement; </FONT></TD>
</TR>
</TABLE>
<BR>

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                    <TR VALIGN=TOP>
                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2) </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    That, for the purpose of determining any liability under the Securities Act of
                    1933, each such post-effective amendment shall be deemed to be a new
                    registration statement relating to the securities offered therein, and the
                    offering of such securities at that time shall be deemed to be the initial bona
                    fide offering thereof; </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TR VALIGN=TOP>
                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3) </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    To remove from registration by means of a post-effective amendment any of the
                    securities being registered which remain unsold at the termination of the
                    offering. </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

<BR><BR><BR><BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4</FONT></P>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, Coastal Banking Company certifies that
it has reasonable grounds to believe that it meets all of the requirements for filing on
Form S-8 and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the city of Beaufort, State of South Carolina,
on this 16<SUP>th</SUP> day of February, 2005. </FONT></P>

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<TR VALIGN=TOP>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=55%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>COASTAL BANKING COMPANY, INC.<BR><BR>
<BR>By:&nbsp;&nbsp;&nbsp; <U>/s/ Randolph C. Kohn&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Randolph C. Kohn<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer</FONT></TD>
</TR>
</TABLE>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF ATTORNEY </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes
and appoints Randolph C. Kohn and James L. Pate, or either of them, as such person&#146;s
true and lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for such person and in such person&#146;s name, place and stead, in any
and all capacities, to sign any and all amendments (including post-effective amendments)
to this Registration Statement and any Registration Statement filed pursuant to Rule
462(b) under the Securities Act of 1933, as amended, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the Securities and
Exchange Commission and any other regulatory authority, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do and perform
each and every act and thing requisite and necessary to be done in connection therewith,
as fully to all intents and purposes as such person might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact and agents, or either of them, or
their or his substitute or substitutes, may lawfully do or cause to be done by virtue
hereof. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed below by the following persons in the capacities and on the dates indicated: </FONT></P>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Signature</U></FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Title</U></FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Date</U></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ Randolph C. Kohn</U><BR>
Randolph C. Kohn</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>President, Chief Executive Officer<BR>
(<I>principal executive officer</I>), and <BR>Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ James L. Pate</U><BR>
James L. Pate</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Chief Financial Officer (<I>principal</I><BR>
(<I>accounting and financial officer</I>)</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ Marjorie Trask Gray, DMD</U><BR>
Marjorie Trask Gray, DMD</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ Dennis O. Green, CPA</U><BR>
Dennis O. Green, CPA</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Vice-Chairman, Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ Mark B. Heles</U><BR>
Mark B. Heles</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>

<BR><BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5</FONT></P>
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<BR>
<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ James W. Holden, Jr., DVM</U><BR>
James W. Holden, Jr. DVM</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ Ladson F. Howell</U><BR>
Ladson F. Howell</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Chairman, Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
James C. Key</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ Ron Lewis</U><BR>
/s/ Ron Lewis</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ Lila N. Meeks</U><BR>
Lila N. Meeks</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ Robert B. Pinkerton</U><BR>
Robert B. Pinkerton</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ John M. Trask, III</U><BR>
/s/ John M. Trask, III</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ Matt A. Trumps</U><BR>
Matt A. Trumps</FONT></TD>
<TD WIDTH=30% align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 16, 2005<BR><BR></FONT></TD>
</TR>
</TABLE>
<BR>



<BR><BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>6</FONT></P>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit <BR><U>Number</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<U>Description of Exhibit</U> </FONT></P>

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                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Amended and Restated  Articles of Incorporation of the Company  (incorporated by reference to
                    Exhibit 3.2 of the Company's Registration Statement on Form SB-2; File No. 333-86371).</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TR VALIGN=TOP>
                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.2 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Bylaws  of  the  Company   (incorporated  by  reference  to  Exhibit  3.3  of  the  Company's
                    Registration Statement on Form SB-2; File No. 333-86371).</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TR VALIGN=TOP>
                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.3 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Coastal  Banking  Company,  Inc.  2000 Stock  Incentive  Plan  (incorporated  by reference to
                    Exhibit 10.1 of the Company's Form 10-QSB filed on August 11, 2000).</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.4 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Form of  Warrant  Agreement  (incorporated  by  reference  to Exhibit  10.8 of the  Company's
                    Registration Statement on Form SB-2, File No. 333-86371).</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Legal Opinion of Nelson Mullins Riley &amp; Scarborough, L.L.P.</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Consent of Elliott Davis, LLC</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TD WIDTH=2%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Consent of Nelson  Mullins Riley &amp; Scarborough,  L.L.P.  (contained in their opinion filed as
                    Exhibit 5.1)</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24 </FONT></TD>
                    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Power of Attorney (contained on the signature pages of this Registration Statement)</FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

<BR><BR><BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>7</FONT></P>

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    5.1         -   Legal Opinion of Nelson Mullins Riley &amp; Scarborough, L.L.P.


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   23.1         -   Consent of Elliott Davis, LLC


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[{"type": "S-8", "sequence": "1", "filename": "forms8-021705.htm", "description": "021705", "secsgml_size_bytes": 50680}]
{"company-data": {"conformed-name": "COASTAL BANKING CO INC", "cik": "0001093897", "assigned-sic": "6021", "irs-number": "582455445", "state-of-incorporation": "SC", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-122885", "film-number": "05624702"}, "business-address": {"street1": "36 SEA ISLAND PKWY", "city": "BEAUFORT", "state": "SC", "zip": "29907", "phone": "8435221228"}, "mail-address": {"street1": "36 SEA ISLAND PKWY", "city": "BEAUFORT", "state": "SC", "zip": "29907"}}
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, DC 20549
_________________
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
_________________
COASTAL BANKING COMPANY, INC.
(Exact Name of
Registrant as Specified in Its Charter)
South Carolina
57-1076099
(State of Other Jurisdiction of
(I.R.S. Employer
Incorporation or Organization)
Identification No.)
36 West Sea Island Parkway
Beaufort, South Carolina 29902
(Address of Principal Executive Offices)
Coastal Banking Company, Inc. 2000 Stock Incentive Plan
(Full Titles of the Plan)
Randolph C. Kohn
President and Chief Executive Officer
Coastal Banking Company, Inc.
36 West Sea Island Parkway
Beaufort, South Carolina 29902
(843) 522-1228
(Name, address and
telephone number of agent for service)
_________________________________
Copies Requested to:
Neil E. Grayson, Esq.
Nelson
Mullins Riley & Scarborough LLP
Poinsett Plaza, Suite 900
104 South Main Street
Greenville, South Carolina 29601
Telephone:  (864) 250-2300
Fax:  (864) 232-2925
_________________________________
Title of Securities
Amount to be
Proposed Maximum
Proposed Maximum
Amount of
to be Registered
Registered
Offering Price
Aggregate Offering
Registration Fee
per Share
Price
Common Stock, $.01 par value
149,354 (1)
$ 18.05 (2)
$2,695,839.70 (2)
$  317.30
(1)
Represents shares of common stock issuable under the Coastal Banking Company, Inc. 2000 Stock
Incentive Plan.
(2)
In accordance with Rule 457(h), the registration fee is based upon the average of the bid and
asked price on February 11, 2005.
In addition, pursuant to Rule 416(c)
under the Securities Act of 1933, this registration statement also covers an indeterminate
amount of interests to be offered or sold pursuant to the employee benefit plan described
herein.
PART II
INFORMATION REQUIRED IN
THE REGISTRATION STATEMENT
Item 3.   Incorporation of Documents by Reference.
The
following documents filed by us with the SEC are incorporated by reference into this
registration statement, and all documents subsequently filed by us pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 shall be incorporated by
reference in this registration statement and shall be a part of this registration
statement from the date of filing of the documents:
(a)
our Annual Report on Form 10-KSB for the year ended December 31, 2003;
(b)
our Quarterly Reports on Form 10-QSB for the fiscal quarters ended March 31,
          2004, June 30, 2004, and September 30, 2004;
(c)
our Current Reports on Form 8-K filed on January 29, 2004, February 27, 2004,
          May 13, 2004, June 8, 2004, June 18, 2004, November 9, 2004, and November 16,
          2004; and
(d)
our description of securities included in our registration statement on Form
          SB-2 filed on September 1, 1999.
Item 4.   Description of
Securities.
No
response required to this item.
Item 5.   Interests of Named Experts and Counsel.
No response
required to this item.
Item 6.   Indemnification of Directors and Officers.
Coastal
Banking Company's articles of incorporation contain a provision which, subject to
certain limited exceptions, limits the liability of a director to Coastal Banking Company
or its shareholders for any breach of duty as a director. There is no limitation of
liability for: a breach of duty involving appropriation of a business opportunity of
Coastal Banking Company; an act or omission which involves intentional misconduct or a
knowing violation of law; any transaction from which the director derives an improper
personal benefit; or as to any payments of a dividend or any other type of distribution
that is illegal under Section 33-8-330 of the South Carolina Business Corporation Act of
1988 (the "Corporation Act"). In addition, if at any time the Corporation Act
shall have been amended to authorize further elimination or limitation of the liability of
director, then the liability of each director of Coastal Banking Company shall be
eliminated or limited to the fullest extent permitted by such provisions, as so amended,
without further action by the shareholders, unless the provisions of the Corporation Act
require such action. The provision does not limit the right of Coastal Banking Company or
its shareholders to seek injunctive or other equitable relief not involving payments in
the nature of monetary damages.
Coastal
Banking Company's bylaws contain certain provisions which provide that the company
shall indemnify directors to the maximum extent provided by South Carolina law. This
protection is broader than the protection expressly mandated in Sections 33-8-510 and
33-8-520 of the South Carolina Business Corporation Act. These statutory sections provide
that a company shall indemnify a director or an officer only to the extent that he has
been wholly successful, on the merits or otherwise, in the defense of any action or
proceeding brought by reason of the fact that the person was a director or officer. This
requirement would include indemnifying directors against expenses, including
attorney's fees, actually and reasonably incurred in connection with the matter. In
addition to this mandatory indemnification right, our bylaws provide additional mandatory
protection that includes, but is not limited to, situations where the director (a)
conducted himself in good faith, (b) reasonably believed that conduct in his official
capacity with the corporation was either in the corporation's best interest or was
not opposed to the best interest of the corporation; and (c) that he had no reasonable
cause to believe his conduct was unlawful.
2
Our
board of directors also has the authority to extend to officers, employees, and agents the
same indemnification rights held by directors, subject to all of the accompanying
conditions and obligations. The board of directors intends to extend indemnification
rights to all of its executive officers.
The
Securities and Exchange Commission has informed us that indemnification for officers,
directors, and controlling persons for liabilities arising under the Securities Act of
1933 is against public policy as expressed in the Securities Act of 1933 and is,
therefore, unenforceable.
We
have the power to purchase and maintain insurance on behalf of any person who is or was a
director, officer, employee, or agent against any liability asserted against him or
incurred by him in any such capacity, whether or not we would have the power to indemnify
him against such liability under the bylaws.
Item 7.   Exemption from Registration Claimed.
No
response is required to this item.
Item 8.   Exhibits.
The
following exhibits are filed with this Registration Statement:
Exhibit
Number
Description of Exhibit
4.1
Amended and Restated  Articles of Incorporation of the Company  (incorporated by reference to
                    Exhibit 3.2 of the Company's Registration Statement on Form SB-2; File No. 333-86371).
4.2
Bylaws  of  the  Company   (incorporated  by  reference  to  Exhibit  3.3  of  the  Company's
                    Registration Statement on Form SB-2; File No. 333-86371).
4.3
Coastal  Banking  Company,  Inc.  2000 Stock  Incentive  Plan  (incorporated  by reference to
                    Exhibit 10.1 of the Company's Form 10-QSB filed on August 11, 2000).
4.4
Form of  Warrant  Agreement  (incorporated  by  reference  to Exhibit  10.8 of the  Company's
                    Registration Statement on Form SB-2, File No. 333-86371).
5.1
Legal Opinion of Nelson Mullins Riley & Scarborough, L.L.P.
23.1
Consent of Elliott Davis, LLC
23.2
Consent of Nelson  Mullins Riley & Scarborough,  L.L.P.  (contained in their opinion filed as
                    Exhibit 5.1)
24
Power of Attorney (contained on the signature pages of this Registration Statement)
Item 9.   Undertakings.
The
Company hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a
                    post-effective amendment to this registration statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act of
          1933;
(ii)
To reflect in the prospectus any facts or events which, individually or
               together, represent a fundamental
3
change in the information in the registration statement. Notwithstanding the foregoing, any
increase or decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any deviation from the
low or high end of the estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20 percent change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee"
table in the effective registration statement;
(iii)
To include any additional or changed material information on the plan of
          distribution;
provided
,
however
, that the undertakings set forth in paragraph (i) and (ii) above do not
apply if the information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the Commission
pursuant to Section 13 or 15(d) of the Exchange Act of 1934 that are incorporated by
reference in this registration statement;
(2)
That, for the purpose of determining any liability under the Securities Act of
                    1933, each such post-effective amendment shall be deemed to be a new
                    registration statement relating to the securities offered therein, and the
                    offering of such securities at that time shall be deemed to be the initial bona
                    fide offering thereof;
(3)
To remove from registration by means of a post-effective amendment any of the
                    securities being registered which remain unsold at the termination of the
                    offering.
4
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, Coastal Banking Company certifies that
it has reasonable grounds to believe that it meets all of the requirements for filing on
Form S-8 and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the city of Beaufort, State of South Carolina,
on this 16
th
day of February, 2005.
COASTAL BANKING COMPANY, INC.
By:
/s/ Randolph C. Kohn
Randolph C. Kohn
President and Chief Executive Officer
POWER OF ATTORNEY
KNOW
ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes
and appoints Randolph C. Kohn and James L. Pate, or either of them, as such person's
true and lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for such person and in such person's name, place and stead, in any
and all capacities, to sign any and all amendments (including post-effective amendments)
to this Registration Statement and any Registration Statement filed pursuant to Rule
462(b) under the Securities Act of 1933, as amended, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the Securities and
Exchange Commission and any other regulatory authority, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do and perform
each and every act and thing requisite and necessary to be done in connection therewith,
as fully to all intents and purposes as such person might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact and agents, or either of them, or
their or his substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed below by the following persons in the capacities and on the dates indicated:
Signature
Title
Date
/s/ Randolph C. Kohn
Randolph C. Kohn
President, Chief Executive Officer
(
principal executive officer
), and
Director
February 16, 2005
/s/ James L. Pate
James L. Pate
Chief Financial Officer (
principal
(
accounting and financial officer
)
February 16, 2005
/s/ Marjorie Trask Gray, DMD
Marjorie Trask Gray, DMD
Director
February 16, 2005
/s/ Dennis O. Green, CPA
Dennis O. Green, CPA
Vice-Chairman, Director
February 16, 2005
/s/ Mark B. Heles
Mark B. Heles
Director
February 16, 2005
5
/s/ James W. Holden, Jr., DVM
James W. Holden, Jr. DVM
Director
February 16, 2005
/s/ Ladson F. Howell
Ladson F. Howell
Chairman, Director
February 16, 2005
James C. Key
Director
February 16, 2005
/s/ Ron Lewis
/s/ Ron Lewis
Director
February 16, 2005
/s/ Lila N. Meeks
Lila N. Meeks
Director
February 16, 2005
/s/ Robert B. Pinkerton
Robert B. Pinkerton
Director
February 16, 2005
/s/ John M. Trask, III
/s/ John M. Trask, III
Director
February 16, 2005
/s/ Matt A. Trumps
Matt A. Trumps
Director
February 16, 2005
6
Exhibit
Number
Description of Exhibit
4.1
Amended and Restated  Articles of Incorporation of the Company  (incorporated by reference to
                    Exhibit 3.2 of the Company's Registration Statement on Form SB-2; File No. 333-86371).
4.2
Bylaws  of  the  Company   (incorporated  by  reference  to  Exhibit  3.3  of  the  Company's
                    Registration Statement on Form SB-2; File No. 333-86371).
4.3
Coastal  Banking  Company,  Inc.  2000 Stock  Incentive  Plan  (incorporated  by reference to
                    Exhibit 10.1 of the Company's Form 10-QSB filed on August 11, 2000).
4.4
Form of  Warrant  Agreement  (incorporated  by  reference  to Exhibit  10.8 of the  Company's
                    Registration Statement on Form SB-2, File No. 333-86371).
5.1
Legal Opinion of Nelson Mullins Riley & Scarborough, L.L.P.
23.1
Consent of Elliott Davis, LLC
23.2
Consent of Nelson  Mullins Riley & Scarborough,  L.L.P.  (contained in their opinion filed as
                    Exhibit 5.1)
24
Power of Attorney (contained on the signature pages of this Registration Statement)
7
5.1         -   Legal Opinion of Nelson Mullins Riley & Scarborough, L.L.P.
23.1         -   Consent of Elliott Davis, LLC