secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2026-09-28T15:30:40+00:00
Accession:  0001437958-26-000065
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795826000065/0001437958-26-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795826000065/ck1437958-20260928.htm
  HTML page:      https://secwatch.observer/filing/0001437958-26-000065

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