---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-26-000035"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T01:41:30.523970+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "low"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437958-26-000035
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: low
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795826000035/0001437958-26-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795826000035/ck1437958-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-26-000035
- JSON: https://secwatch.observer/filing/0001437958-26-000035.json
- Plain text: https://secwatch.observer/filing/0001437958-26-000035.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.