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Bloomberg · Paige Smith ·

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.

In this story Chime Chime Bank Stride Bank
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

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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 ↗

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Sep 8Sep 10

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The Information: The Information
American Banker: American Banker
Investor's Business Daily: Investor's Business Daily
Reuters: Reuters
Barron's Online: Barron's Online
Chime: Chime

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