secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001437958-26-000035
Event type: m_and_a
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795826000035/0001437958-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795826000035/ck1437958-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001437958-26-000035

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