Chime Financial is trading 5.2% up now at $33.99 after announcing a $590 million cash agreement to acquire Central Service Corporation, Stride Bank’s parent.
- The transaction would bring its nationally chartered bank partner in-house, support expanded lending and generate more than $100 million in expected net synergies.
- The deal is expected to close in the first half of 2027, pending regulatory approvals.
- Reuters reported shares surged in premarket trading as investors responded to the bank-charter strategy.