[BUSINESS]■ STORY TIMELINE
CHIME ACQUIRES STRIDE BANK FOR $590M
Chime Financial has agreed to buy Stride Bank for $590 million in cash, consolidating its banking operations by absorbing its longtime partner. Chime stock jumped 8.5% in after-hours trading following the announcement.
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Paige Smith / Bloomberg: Chime agrees to acquire longtime banking partner Stride Bank for $590M; Stride will become Chim…