Mergers & Acquisitions ·
On September 8, 2026, Chime Financial, Inc. entered into a definitive Agreement and Plan of Merger to acquire Central…
CHYMChime Financial, Inc.
On September 8, 2026, Chime Financial, Inc. entered into a definitive Agreement and Plan of Merger to acquire Central Service Corporation, the parent company of Stride Bank, N.A., for $590 million in cash, subject to customary purchase price adjustments. The transaction involves the merger of Clocktower Merger Sub, Inc. with CSC, with CSC continuing as the surviving corporation. Chime intends to rebrand Stride as Chime Bank, N.A., aiming to vertically integrate its platform and eliminate sponsor bank fees. The deal is expected to close in the first half of 2027, pending regulatory approvals from the OCC and Federal Reserve Board. Concurrently, Chime raised its third-quarter revenue guidance to $705 million and full-year adjusted EBITDA guidance to $481–$489 million, citing immediate EPS accretion and over $100 million in net synergies. Chime Financial, Inc. operates as a financial technology company providing digital banking and payments products.