Chime agrees to acquire Stride Bank's parent, CSC, for $590 million in cash
Chime entered into a merger agreement to acquire Central Service Corporation (CSC), the parent of Stride Bank, N.A., for $590 million, subject to customary adjustments. Chime also raised its third-quarter and full-year 2026 guidance, and the deal is expected to close in the first half of 2027 after approvals from the OCC and the Federal Reserve. The acquisition would make Chime a bank holding company and give it its own bank charter.
Key points
- Purchase price of $590 million, subject to adjustments for transaction expenses, certain dividends and preferred stock redemption
- Expected close in the first half of 2027, subject to OCC and Federal Reserve approvals
- Q3 2026 revenue guidance of $705 million, about 30% year-over-year growth; full-year revenue guidance of $2.76 billion to $2.77 billion
- Full-year 2026 adjusted EBITDA guidance of $481 million to $489 million; Chime expects more than $100 million in net synergies
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.