Chime Inks Deal To Acquire Stride Bank For $950M
Chime® (NASDAQ: CHYM), America’s #1 choice for banking1, today announced that it has entered into a definitive agreement to acquire Stride Bank, N.A. ("Stride") for $590 million in cash.2 Stride is a nationally
Chime, a popular banking app, is buying another bank called Stride for $590 million to get bigger and serve more customers. When companies make big purchases like this, watch to see if they can run both businesses well together without losing money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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