Chime will pay $590m for Stride Bank, its sponsor of seven years, and rename it Chime Bank. Closing needs OCC and Federal Reserve approval.

Chime Financial acquires Stride Bank for $590 million in cash to create Chime Bank, N.A., targeting over $100 million in synergies and direct

Sept 8 : Fintech Chime said on Tuesday it will acquire nationally chartered Stride Bank for $590 million, bringing key banking infrastructure in-house as it looks to expand its…