Chime announces it has agreed to buy Stride Bank of Enid, Oklahoma, for $590 million in cash. Stride will become “Chime Bank” and operate as a wholly owned subsidiary of Chime. The company says the transaction is expected to close in the first half of 2027.
The outlets describe the deal as Chime acquiring a long-standing bank partner that has held its customers’ money for about seven years. Chime frames the purchase as part of its efforts to expand its banking services and reach, with PYMNTS citing the company’s goal of serving “mainstream America.” The Next Web similarly emphasizes the relationship between the two companies and the operational shift once the deal completes.
Overall, both reports align on the key terms—price, cash structure, the Oklahoma-based bank, the ownership arrangement, and the expected closing window—while differing mainly in wording and emphasis on the strategic rationale.
