$CHYM (CHIME FINANCIAL) — 8-K: Chime to acquire Stride Bank for $590 million cash, adding a national bank charter

Chime has entered into a definitive agreement to acquire Stride Bank, N.A. for $590 million in cash. Stride has been Chime’s bank partner for more than seven years and will become Chime Bank, N.A. as a wholly owned subsidiary. The deal is expected to be immediately accretive to Chime’s EPS, with more than $100 million in net synergies. Chime serves more than 10 million Active Members.

Chime has entered into a definitive agreement to acquire Stride Bank, N.A. for $590 million in cash. Stride has been Chime’s bank partner for more than seven years and will become Chime Bank, N.A. as