{"success":true,"data":{"pressRelease":{"id":"124844","rtpr_id":"nGNX2xy1Dl","ticker":"CCB","exchange":"NASDAQ","all_tickers":["CCB"],"title":"CCB Ongoing Investigation: BFA Law Notifies Coastal Financial Investors Who Suffered Losses of Securities Fraud Investigation into 43% Stock Drop","author":"Globe Newswire","published_at":"2026-08-21T10:36:00.325Z","article_body":"NEW YORK, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Leading securities law\nfirm Bleichmar Fonti & Auld LLP\n(https://www.globenewswire.com/Tracker?data=A1n9066reKAWCCR4EMY5Ed07xQulhyS5ArILTl09QXzNfSMDfjvgpJpIhigL7mIWQ4A7nOZTRSZu9rTPS4Q1s_hQV9a_3WVsSwv388dcFfAkWQ6RCiETgrebVmz7W9F24Z1vnwrwOLaQ2celQReLMHimTvK0da8qYdXqksAG9No=)\nannounces an investigation into Coastal Financial Corp. (NASDAQ:CCB) for\npotential securities fraud after its significant stock drop.\n\nIf you invested in Coastal Financial securities, you are encouraged to obtain\nadditional information by visiting:\nhttps://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit.\n\nKey Details of the Coastal Financial ($CCB) Class Action Investigation:\n* Investigation Overview: Securities fraud investigation relating to the\ncompany’s statements concerning the credit quality and financial condition\nof Coastal Financial’s CCBX partner relationships and banking as a service\nsegment\n* Stock Decline: July 30, 2026 – 43.5% Stock Drop\n* Action: Contact BFA Law\n(https://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit) to\ndiscuss your rights\nWhy is Coastal Financial Being Investigated for Securities Fraud?\n\nCoastal Financial is a bank holding company based in Everett, Washington. The\ncompany provides banking as a service to digital financial service providers,\ncompanies, and brands that want to provide financial services to their\ncustomers through the bank’s CCBX segment.\n\nBFA is investigating whether Coastal Financial misled investors about the\nfinancial performance and credit quality of its banking as a service segment,\nincluding the company’s CCBX partner relationships.\n\nWhy did Coastal Financial’s Stock Drop? \n\nOn July 30, 2026, Coastal Financial reported its Q2 2026 financial results.\nThe company revealed a quarterly net loss of $42.1 million, or $(2.76) per\ndiluted common share, compared to net income of $12 million, or $0.78 per\ndiluted common share, the prior year. Coastal Financial stated that its net\nloss was driven by a $68.8 million credit expense related to an unnamed CCBX\npartner relationship.\n\nThis news caused the price of Coastal Financial stock to decline $30.75 per\nshare, or 43.5%, from a closing price of $70.66 per share on July 29, 2026, to\n$39.91 per share on July 30, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit.\n\nWhat Can You Do?\n\nIf you invested in Coastal Financial securities, you may have legal options\nand are encouraged to submit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit\n\nOr contact:\n\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named “Elite Trial Lawyers” by the National Law Journal,\n“Litigation Stars” by Benchmark Litigation, among the top “500 Leading\nPlaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’\nBar” by Law360 and “SuperLawyers” by Thomson Reuters.\n\nMost recently, The Legal 500 awarded BFA the most client satisfaction\naccolades of any plaintiff’s securities litigation law firm, with clients\nnoting: “[t]here is no better service provider in the practice area,”\n“[t]he interest of the client is always front and center,” and “[t]here\nisn’t a better firm in this space.” One testimonial described the firm as\n“nimble and entrepreneurial,” with a “relentless focus on adding value\nfor clients.”\n\nAmong its recent notable successes, BFA recovered over $900 million in value\nfrom Tesla, Inc.’s Board of Directors, as well as $420 million from Teva\nPharmaceutical Ind. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2xy1Dl","title":"CCB Ongoing Investigation: BFA Law Notifies Coastal Financial Investors Who Suffered Losses of Securities Fraud Investigation into 43% Stock Drop","author":"Globe Newswire","ticker":"CCB","created":"2026-08-21T10:36:00.325Z","tickers":["CCB"],"exchange":"NASDAQ","article_body":"NEW YORK, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Leading securities law\nfirm Bleichmar Fonti & Auld LLP\n(https://www.globenewswire.com/Tracker?data=A1n9066reKAWCCR4EMY5Ed07xQulhyS5ArILTl09QXzNfSMDfjvgpJpIhigL7mIWQ4A7nOZTRSZu9rTPS4Q1s_hQV9a_3WVsSwv388dcFfAkWQ6RCiETgrebVmz7W9F24Z1vnwrwOLaQ2celQReLMHimTvK0da8qYdXqksAG9No=)\nannounces an investigation into Coastal Financial Corp. (NASDAQ:CCB) for\npotential securities fraud after its significant stock drop.\n\nIf you invested in Coastal Financial securities, you are encouraged to obtain\nadditional information by visiting:\nhttps://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit.\n\nKey Details of the Coastal Financial ($CCB) Class Action Investigation:\n* Investigation Overview: Securities fraud investigation relating to the\ncompany’s statements concerning the credit quality and financial condition\nof Coastal Financial’s CCBX partner relationships and banking as a service\nsegment\n* Stock Decline: July 30, 2026 – 43.5% Stock Drop\n* Action: Contact BFA Law\n(https://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit) to\ndiscuss your rights\nWhy is Coastal Financial Being Investigated for Securities Fraud?\n\nCoastal Financial is a bank holding company based in Everett, Washington. The\ncompany provides banking as a service to digital financial service providers,\ncompanies, and brands that want to provide financial services to their\ncustomers through the bank’s CCBX segment.\n\nBFA is investigating whether Coastal Financial misled investors about the\nfinancial performance and credit quality of its banking as a service segment,\nincluding the company’s CCBX partner relationships.\n\nWhy did Coastal Financial’s Stock Drop? \n\nOn July 30, 2026, Coastal Financial reported its Q2 2026 financial results.\nThe company revealed a quarterly net loss of $42.1 million, or $(2.76) per\ndiluted common share, compared to net income of $12 million, or $0.78 per\ndiluted common share, the prior year. Coastal Financial stated that its net\nloss was driven by a $68.8 million credit expense related to an unnamed CCBX\npartner relationship.\n\nThis news caused the price of Coastal Financial stock to decline $30.75 per\nshare, or 43.5%, from a closing price of $70.66 per share on July 29, 2026, to\n$39.91 per share on July 30, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit.\n\nWhat Can You Do?\n\nIf you invested in Coastal Financial securities, you may have legal options\nand are encouraged to submit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit\n\nOr contact:\n\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named “Elite Trial Lawyers” by the National Law Journal,\n“Litigation Stars” by Benchmark Litigation, among the top “500 Leading\nPlaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’\nBar” by Law360 and “SuperLawyers” by Thomson Reuters.\n\nMost recently, The Legal 500 awarded BFA the most client satisfaction\naccolades of any plaintiff’s securities litigation law firm, with clients\nnoting: “[t]here is no better service provider in the practice area,”\n“[t]he interest of the client is always front and center,” and “[t]here\nisn’t a better firm in this space.” One testimonial described the firm as\n“nimble and entrepreneurial,” with a “relentless focus on adding value\nfor clients.”\n\nAmong its recent notable successes, BFA recovered over $900 million in value\nfrom Tesla, Inc.’s Board of Directors, as well as $420 million from Teva\nPharmaceutical Ind. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-21T10:36:00.394220002Z","server_sent_at_ms":1787308560394},"received_at":"2026-08-21T10:36:00.452Z","source_url":null},"analysis":{"id":"113817","press_release_id":"124844","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":["Securities fraud investigation regarding CCBX segment credit quality","Q2 2026 net loss of $42.1 million driven by $68.8M credit expense"],"eventType":"legal_litigation","narrative":"Bleichmar Fonti & Auld LLP announced an investigation into Coastal Financial Corp regarding potential securities fraud tied to the credit quality and financial condition of its CCBX segment.\n\nThe investigation follows a 43.5% stock decline on July 30, 2026, after the company reported a Q2 net loss of $42.1 million driven by a $68.8 million credit expense related to an unnamed partner.\n\nInvestors who suffered losses are encouraged to contact the firm to discuss their rights on a contingency fee basis.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"","namedEntities":{"people":[{"name":"Adam McCall","role":"Contact"}],"products":["CCBX"],"companies":[{"name":"Coastal Financial Corp","ticker":"CCB"},{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"},{"name":"Tesla, Inc."},{"name":"Teva Pharmaceutical Ind. Ltd."}],"dollarAmounts":[{"amount":"$42.1 million","context":"quarterly net loss"},{"amount":"$(2.76)","context":"loss per diluted common share"},{"amount":"$68.8 million","context":"credit expense related to CCBX partner"},{"amount":"$30.75","context":"per share decline"},{"amount":"$70.66","context":"closing price on July 29, 2026"},{"amount":"$39.91","context":"closing price on July 30, 2026"},{"amount":"$900 million","context":"value recovered from Tesla, Inc."},{"amount":"$420 million","context":"value recovered from Teva Pharmaceutical Ind. Ltd."}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Bleichmar Fonti & Auld LLP. No new disclosure from the issuer; no certified class or settlement announced."},"tickerRelevance":{"others":[],"primary":"CCB"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Bleichmar Fonti & Auld LLP announced an investigation into Coastal Financial Corp regarding potential securities fraud tied to the credit quality and financial condition of its CCBX segment.\n\nThe investigation follows a 43.5% stock decline on July 30, 2026, after the company reported a Q2 net loss of $42.1 million driven by a $68.8 million credit expense related to an unnamed partner.\n\nInvestors who suffered losses are encouraged to contact the firm to discuss their rights on a contingency fee basis.","key_figures":{},"named_entities":{"people":[{"name":"Adam McCall","role":"Contact"}],"products":["CCBX"],"companies":[{"name":"Coastal Financial Corp","ticker":"CCB"},{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"},{"name":"Tesla, Inc."},{"name":"Teva Pharmaceutical Ind. Ltd."}],"dollarAmounts":[{"amount":"$42.1 million","context":"quarterly net loss"},{"amount":"$(2.76)","context":"loss per diluted common share"},{"amount":"$68.8 million","context":"credit expense related to CCBX partner"},{"amount":"$30.75","context":"per share decline"},{"amount":"$70.66","context":"closing price on July 29, 2026"},{"amount":"$39.91","context":"closing price on July 30, 2026"},{"amount":"$900 million","context":"value recovered from Tesla, Inc."},{"amount":"$420 million","context":"value recovered from Teva Pharmaceutical Ind. Ltd."}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-21T10:42:21.440Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":229362,"modelName":"glm-4.7"}}