Paige Smith / Bloomberg:

Chime agrees to acquire longtime banking partner Stride Bank for $590M; Stride will become Chime Bank, a wholly owned subsidiary; CHYM jumps 8.5%+ after hours  —  Chime Financial Inc. struck a deal to buy Stride Bank for $590 million in cash, snapping up its longtime partner as the fintech streamlines its operations.

Paige Smith / Bloomberg:

Chime agrees to acquire longtime banking partner Stride Bank for $590M; Stride will become Chime Bank, a wholly owned subsidiary; CHYM jumps 8.5%+ after hours  —  Chime Financial Inc. struck a deal to buy Stride Bank for $590 million in cash, snapping up its longtime partner as the fintech streamlines its operations.

Source: TechMeme
Source Link: https://www.techmeme.com/260908/p41#a260908p41