{
  "id": 6365766,
  "title": "Chime Inks $590 Million Deal to Buy Longtime Bank Partner Stride",
  "url": "https://urgent.news/2026/09/09/chime-inks-590-million-deal-to-buy-longtime-bank-partner-stride",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T01:34:13.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/news/banking/2026/chime-inks-590-million-deal-to-buy-longtime-bank-partner-stride/"
  },
  "original_language": "en",
  "account": "Chime has finalized a definitive agreement to acquire Stride Bank, its longtime bank partner, for $590 million in cash, according to a press release dated September 8, 2023. The acquisition aims to expand Chime's efforts to provide better banking solutions to \"mainstream America.\"\n\nUpon completion, Stride Bank will become Chime Bank, N.A., operating as a wholly-owned subsidiary of Chime. The transaction is expected to close in the first half of 2027, subject to regulatory approvals and customary closing conditions.\n\nStride Bank, a nationally chartered bank and Chime's bank partner for over seven years, brings valuable assets to the deal. The addition of Stride's national charter and bank infrastructure to Chime's digital core, brand, and primary account relationships is expected to accelerate product development, increase resilience and member trust, and create a stronger structural cost advantage.\n\nChime CEO and Co-Founder Chris Britt expressed enthusiasm about the acquisition, stating that it will strengthen their proven model and help Chime become the largest provider of primary bank accounts in America. Stride Bank Chairman and CEO Brud Baker also praised Chime's commitment to putting members first, emphasizing the confidence in the combination and the future they can build together.\n\nDuring the seven years of their partnership, Stride Bank has supported Chime in offering fully regulated products, enabling consumers to benefit from innovation and consumer protection. Chime's success in developing primary account relationships was highlighted by Britt during an August 5 earnings call.",
  "summary": "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 signed a definitive agreement to acquire Stride for $590 million in cash, and the company expects the transaction to close in the first […] The post Chime Inks $590 Million Deal to…",
  "key_points": [
    "Chime acquires Stride Bank for $590 million in cash.",
    "Acquisition aims to expand Chime's banking solutions.",
    "Stride Bank to become Chime Bank, N.A. in 2027."
  ],
  "editors_take": "The acquisition of Stride Bank enables Chime to bring banking services in-house, likely reducing its reliance on partners and strengthening its control over product development and customer relationships.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}