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.

Chime Financial reported second-quarter 2026 revenue of $670 million, a 27% year-over-year increase, driven by strong adoption of its Chime Prime membership tier and growth in Active Members to 10.4 million. The company achieved GAAP net income of $28 million, marking the second consecutive quarter of profitability, and raised full-year revenue guidance to between $2.725 billion and $2.745 billion. Concurrently, Chime announced a restructuring plan involving approximately 10% workforce reduction, estimating net cash charges of $16 million to $20 million in Q3 2026. CFO Matthew Newcomb stepped down effective August 7, 2026, with President Mark Troughton appointed as Interim CFO. Chime Financial operates in the financial technology industry, providing digital banking, payments, lending, and investing products.