Coastal Financial Faces Growing Investor Scrutiny
EVERETT, WA – September 29, 2026 (STL.News) Costal Financial – Coastal Financial Corporation faces a growing number of securities-law investigations after a $68.8 million credit expense tied to one banking-as-a-service partner helped drive a $42.1 million quarterly loss and a 43.5% one-day collapse in the company’s stock. Shares of Coastal Financial (NASDAQ: CCB) have remained under pressure since that July disclosure. The stock closed Monday, Sept. 28, at $37.55, down 16.22% for the session and below the $39.91 closing price reached immediately after the July earnings-driven plunge. Monday also brought a separate development involving Bluevine, a longtime financial-technology partner
Source: Read Original Article