---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-26-000065"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2026-09-28T15:30:40+00:00"
generated_at: "2026-10-12T13:33:39.238113+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial: partner Bluevine to be acquired by Valley National; $447M of deposits affected

## Summary
- Bluevine, a Coastal Community Bank fintech partner, signed a definitive agreement to be acquired by Valley National Bancorp, parent of Valley Bank; deal subject to regulatory approvals.
- Approximately $447 million of Bluevine-related deposits were held on the Bank's balance sheet as of September 25, 2026; the balance fluctuates with customer activity and sweep usage.
- CCBX had 22 active partner relationships as of June 30, 2026; Coastal does not currently expect the transaction to have a material adverse effect on liquidity or funding.
- Coastal cites ability to bring sweep deposits back onto its balance sheet as flexibility to replace Bluevine-related deposits; more detail expected with Q3 earnings.

## SEC filing metadata
- accession: 0001437958-26-000065
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2026-09-28T15:30:40+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795826000065/0001437958-26-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795826000065/ck1437958-20260928.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-26-000065
- JSON: https://secwatch.observer/filing/0001437958-26-000065.json
- Plain text: https://secwatch.observer/filing/0001437958-26-000065.txt

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