Chime Financial Stock News

NEW YORK--(BUSINESS WIRE)---- $CHYM--Chime® (Nasdaq: CHYM), America's #1 choice for banking1, today opened its new office at 122 Fifth Avenue, establishing its East Coast hub in Manhattan's Flatiron District and expanding its presence in Chime's largest metropolitan market. The 84,000-square-foot office spans three floors and brings together New York-based employees across product, engineering,...

Chime shares CHYM surged 9% before the bell on Wednesday after the fintech company agreed to acquire Stride Bank for $590 million, a move that would give it a national bank charter and greater control over its lending business. The deal, announced late Tuesday, marks a significant step in Chime's effort to compete more directly with traditional banks.

Chime shares surged 10% before the bell ​on Wednesday after the fintech firm agreed to buy Stride for $590 million, gaining ‌a bank charter that would allow it to expand its lending business.

Chime plans to acquire its bank partner, Oklahoma-headquartered Stride Bank, to further Chime's efforts to provide “mainstream America” with better banking, the company said in a Tuesday (Sept. 8) press release.

Chime Financial jumped late Tuesday after raising guidance and announcing a key acquisition.

Fintech Chime said on Tuesday it will acquire nationally chartered Stride Bank for $590 million, bringing ​key banking infrastructure in-house as it looks to ‌expand its lending business.

SAN FRANCISCO--(BUSINESS WIRE)--Chime® (NASDAQ: CHYM), America's #1 choice for banking1, today announced that it has entered into a definitive agreement to acquire Stride Bank, N.A. (“Stride”) for $590 million in cash.2 Stride is a nationally chartered bank that has been Chime's bank partner for more than seven years. Upon closing, Stride will become Chime Bank, N.A. and operate as a wholly own...

SAN FRANCISCO--(BUSINESS WIRE)--Chime® (Nasdaq: CHYM) today announced an expanded commitment to Trump Accounts that will help all Chime employees invest in their children's futures and more Americans take advantage of this new wealth-building opportunity. The announcement builds on Chime's broader nationwide efforts to drive awareness and participation in the program. Chime was among the first ...