Chime is buying the bank that has held its customers’ money for seven years.
The company announced on Tuesday that it has agreed to acquire Stride Bank of Enid, Oklahoma, for $590m in cash. Stride will become Chime Bank and operate as a wholly owned subsidiary. Closing should follow in the first half of 2027. The Office of the Comptroller of the Currency and the Federal Reserve both have to approve it.
Both boards have approved it unanimously.
What Chime says it gets
The company sets out three benefits.
