Coastal Financial's unit signs non-binding term sheet to buy certain Evolve BaaS programs

COASTAL FINANCIAL CORP

Coastal Community Bank entered a non-binding term sheet with Evolve Bank & Trust.
Term sheet covers potential acquisition of assets and deposits from certain BaaS programs operated by Evolve.
Acquisition subject to due diligence, definitive agreements, and regulatory approvals.
No financial terms or specific program names disclosed in the filing.

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