Monitor for definitive agreements or regulatory filings that would confirm deal scope and financial terms. The non-binding nature and lack of pricing mean no immediate catalyst — watch for subsequent 8-Ks or press releases.
Price Chart
Executive Summary
Coastal Financial Corp disclosed that its subsidiary, Coastal Community Bank, entered a non-binding term sheet with Evolve Bank & Trust to potentially acquire assets and deposits from certain BaaS programs operated by Evolve. The deal is preliminary, subject to due diligence, definitive agreements, and regulatory approvals, with no financial terms disclosed.
Key Facts
- Coastal Community Bank entered a non-binding term sheet with Evolve Bank & Trust to acquire assets and deposits of certain BaaS programs.
- The acquisition is subject to due diligence, negotiation of definitive agreements, and regulatory approvals.
- No financial terms, deal value, or specific program details were disclosed in the filing.
Financial Impact
Undisclosed — no dollar amounts or financial terms provided in the filing.
Risk Factors
- Deal may not close if due diligence uncovers issues or regulatory approvals are denied.
- Integration risks and potential dilution if the acquisition requires capital raise.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437958-26-000035 |
| Document: 0001437958-26-000035-index-headers.html | 0001437958-26-000035 |
| Document: 0001437958-26-000035-index.html | 0001437958-26-000035 |
| Document: 0001437958-26-000035.txt | 0001437958-26-000035 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $44.90 | awaiting T+20 | — | $46.31 (+3.15%) |
Sep 28, 2026 29d ago | 8-K | $37.55 $45.08 | ▲ +20.07% | ▲ +20.10% | $46.31 (+23.36%) |
Aug 26, 2026 8w ago | 3 | $46.74 $43.62 | ▼ −6.68% | ▼ −6.17% | $46.31 (−0.91%) |
Aug 7, 2026 11w ago | Insider Cluster | $48.61 $49.47 | ▲ +1.77% | ▲ +2.68% | $46.31 (−4.72%) |
Jul 30, 2026 12w ago | 8-K | $39.91 $46.74 | ▼ −17.11% | ▼ −13.15% | $46.31 (−16.05%) |
Jul 30, 2026 12w ago | 8-K | $39.91 $46.74 | ▼ −17.11% | ▼ −13.15% | $46.31 (−16.05%) |
Jul 23, 2026 13w ago | Press Release | $72.19 | awaiting T+20 | — | $46.31 (−35.84%) |
Jul 22, 2026 13w ago | Press Release | $71.41 $46.06 | ▼ −35.51% | ▼ −38.81% | $46.31 (−35.14%) |
Jun 11, 2026 19w ago | Institutional Cluster | $73.53 $78.47 | ▲ +6.72% | ▲ +4.94% | $46.31 (−37.01%) |
May 1, 2026 25w ago | Insider Cluster | $76.39 $71.34 | ▼ −6.61% | ▼ −11.90% | $46.31 (−39.37%) |
US Market Status
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