{"success":true,"data":{"pressRelease":{"id":"143494","rtpr_id":"nPn6HswMFa-20260915","ticker":"CCB","exchange":"NASDAQ","all_tickers":["CCB"],"title":"CCB Investigation Alert: Coastal Financial Securities Fraud Investigation Over Banking Services Issues is Ongoing for Investors that Suffered Losses","author":"PR Newswire","published_at":"2026-09-15T10:38:00.154Z","article_body":"CCB Investigation Alert: Coastal Financial Securities Fraud Investigation Over Banking Services Issues is Ongoing for Investors that Suffered Losses\nPR Newswire\n\nNEW YORK, Sept. 15, 2026\n\nBFA Law is investigating whether Coastal Financial Corporation committed\nsecurities fraud relating to statements concerning the financial performance\nand credit quality of its banking as a service segment, including the\ncompany's CCBX partner relationships.\n\nNEW YORK, Sept. 15, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar\nFonti & Auld LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3924755346&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=Bleichmar+Fonti+%26+Auld+LLP)\n announces 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(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3655070170&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit)\n.\n\nKey Details of the Coastal Financial ($CCB) Class Action Investigation:\n\n * Investigation Overview: Securities fraud investigation relating to the\ncompany's statements concerning the credit quality and financial condition of\nCoastal Financial's CCBX partner relationships and banking as a service\nsegment\n * Stock Decline: July 30, 2026 – 43.5% Stock Drop\n * Action: Contact\nBFA Law\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3434936311&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=BFA+Law)\n\n to discuss 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(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3655070170&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit)\n.\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(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3655070170&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit)\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, \"Litigation\nStars\" by Benchmark Litigation, among the top \"500 Leading Plaintiff Financial\nLawyers\" by Lawdragon, \"Titans of the Plaintiffs' Bar\" by Law360 and\n\"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,\" \"[t]he\ninterest of the client is always front and center,\" and \"[t]here isn't a\nbetter firm in this space.\" One testimonial described the firm as \"nimble and\nentrepreneurial,\" with a \"relentless focus on adding value for 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(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3710255274&u=https%3A%2F%2Fwww.bfalaw.com%2F&a=https%3A%2F%2Fwww.bfalaw.com)\n.\n\nhttps://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3655070170&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit)\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/ccb-investigation-alert-coastal-financial-securities-fraud-investigation-over-banking-services-issues-is-ongoing-for-investors-that-suffered-losses-302878372.html\n(https://www.prnewswire.com/news-releases/ccb-investigation-alert-coastal-financial-securities-fraud-investigation-over-banking-services-issues-is-ongoing-for-investors-that-suffered-losses-302878372.html)\n\nSOURCE Bleichmar Fonti & Auld LLP\n\n\n\nAdam McCall, adam@bfalaw.com, 212.789.3619\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1804470/Bleichmar-Fonti-Auld-LLP-Logo.jpg?id=OA2947385\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn6HswMFa-20260915","title":"CCB Investigation Alert: Coastal Financial Securities Fraud Investigation Over Banking Services Issues is Ongoing for Investors that Suffered Losses","author":"PR Newswire","ticker":"CCB","created":"2026-09-15T10:38:00.154Z","tickers":["CCB"],"exchange":"NASDAQ","article_body":"CCB Investigation Alert: Coastal Financial Securities Fraud Investigation Over Banking Services Issues is Ongoing for Investors that Suffered Losses\nPR Newswire\n\nNEW YORK, Sept. 15, 2026\n\nBFA Law is investigating whether Coastal Financial Corporation committed\nsecurities fraud relating to statements concerning the financial performance\nand credit quality of its banking as a service segment, including the\ncompany's CCBX partner relationships.\n\nNEW YORK, Sept. 15, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar\nFonti & Auld LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3924755346&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=Bleichmar+Fonti+%26+Auld+LLP)\n announces 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(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3655070170&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit)\n.\n\nKey Details of the Coastal Financial ($CCB) Class Action Investigation:\n\n * Investigation Overview: Securities fraud investigation relating to the\ncompany's statements concerning the credit quality and financial condition of\nCoastal Financial's CCBX partner relationships and banking as a service\nsegment\n * Stock Decline: July 30, 2026 – 43.5% Stock Drop\n * Action: Contact\nBFA Law\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3434936311&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=BFA+Law)\n\n to discuss 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(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3655070170&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit)\n.\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(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3655070170&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit)\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, \"Litigation\nStars\" by Benchmark Litigation, among the top \"500 Leading Plaintiff Financial\nLawyers\" by Lawdragon, \"Titans of the Plaintiffs' Bar\" by Law360 and\n\"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,\" \"[t]he\ninterest of the client is always front and center,\" and \"[t]here isn't a\nbetter firm in this space.\" One testimonial described the firm as \"nimble and\nentrepreneurial,\" with a \"relentless focus on adding value for 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(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3710255274&u=https%3A%2F%2Fwww.bfalaw.com%2F&a=https%3A%2F%2Fwww.bfalaw.com)\n.\n\nhttps://www.bfalaw.com/cases/coastal-financial-class-action-lawsuit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773784-1&h=3655070170&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fcoastal-financial-class-action-lawsuit)\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/ccb-investigation-alert-coastal-financial-securities-fraud-investigation-over-banking-services-issues-is-ongoing-for-investors-that-suffered-losses-302878372.html\n(https://www.prnewswire.com/news-releases/ccb-investigation-alert-coastal-financial-securities-fraud-investigation-over-banking-services-issues-is-ongoing-for-investors-that-suffered-losses-302878372.html)\n\nSOURCE Bleichmar Fonti & Auld LLP\n\n\n\nAdam McCall, adam@bfalaw.com, 212.789.3619\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1804470/Bleichmar-Fonti-Auld-LLP-Logo.jpg?id=OA2947385\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-15T10:38:00.199454554Z","server_sent_at_ms":1789468680199},"received_at":"2026-09-15T10:38:00.255Z","source_url":"https://www.prnewswire.com/news-releases/ccb-investigation-alert-coastal-financial-securities-fraud-investigation-over-banking-services-issues-is-ongoing-for-investors-that-suffered-losses-302878372.html"},"analysis":{"id":"132326","press_release_id":"143494","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":["Securities-fraud investigation targeting CCB's BaaS/CCBX disclosures creates potential litigation overhang","$68.8M credit expense tied to a single unnamed CCBX partner highlights counterparty concentration risk in the banking-as-a-service segment","43.5% single-day stock decline on July 30, 2026 already reflects severe credit-quality concerns"],"eventType":"legal_litigation","narrative":"Plaintiff law firm Bleichmar Fonti & Auld LLP (BFA Law) announced an investigation into Coastal Financial Corp (NASDAQ: CCB) for potential securities fraud relating to statements about the credit quality and financial performance of its banking-as-a-service segment and CCBX partner relationships.\n\nThe probe follows a 43.5% one-day stock drop on July 30, 2026, when Coastal reported a Q2 2026 net loss of $42.1 million, or $(2.76) per diluted share, driven by a $68.8 million credit expense tied to an unnamed CCBX partner; the stock fell from $70.66 to $39.91 that day.\n\nThis is a law-firm solicitation reusing previously disclosed results — no class has been certified and no new issuer disclosure was made — so treat it as low-signal noise while monitoring for an actually filed complaint.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation piggybacking on the July 30 CCB crash — suppress; alert only if a formal class action is filed or certified."},"keyFigures":{"customDimensions":{"price_decline":"$30.75 per share","credit_expense":"$68.8 million","stock_drop_pct":"43.5%","close_2026_07_29":70.66,"close_2026_07_30":39.91,"q2_2026_net_loss":"$42.1 million","q2_2025_net_income":"$12 million","q2_2025_diluted_eps":"$0.78"}},"quotedText":"On July 30, 2026, Coastal Financial reported its Q2 2026 financial results.","namedEntities":{"people":[{"name":"Adam McCall","role":"BFA Law media contact"}],"products":["CCBX"],"companies":[{"name":"Coastal Financial Corp.","ticker":"CCB","relationship":"investigation target / filer"},{"name":"Bleichmar Fonti & Auld LLP (BFA Law)","relationship":"plaintiff law firm and release author"},{"name":"Tesla, Inc.","relationship":"incidental mention in BFA's self-promotional track record"},{"name":"Teva Pharmaceutical Ind. Ltd.","relationship":"incidental mention in BFA's self-promotional track record"}],"dollarAmounts":[{"amount":"$42.1 million","context":"Q2 2026 quarterly net loss reported by Coastal Financial"},{"amount":"$68.8 million","context":"credit expense related to an unnamed CCBX partner relationship"},{"amount":"$12 million","context":"prior-year quarterly net income"},{"amount":"$30.75 per share","context":"one-day stock price decline on July 30, 2026"},{"amount":"$70.66","context":"closing price on July 29, 2026"},{"amount":"$39.91","context":"closing price on July 30, 2026"},{"amount":"$900 million","context":"BFA's claimed recovery from Tesla, Inc.'s Board (law-firm marketing)"},{"amount":"$420 million","context":"BFA's claimed recovery from Teva Pharmaceutical (law-firm marketing)"}]},"materialImpact":{"score":1,"reasoning":"This is a plaintiff law-firm solicitation issued by Bleichmar Fonti & Auld LLP under its own wire account, soliciting CCB investors on contingency. No class has been certified, no settlement announced, and the financial details (Q2 net loss, $68.8M credit expense, 43.5% drop) are recaps of already-public July 30, 2026 disclosures."},"tickerRelevance":{"others":[],"primary":"CCB"},"globalImportance":18,"audienceRelevance":14,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-to-mid-cap bank","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingDrop":"43.5% on 2026-07-30","newInformationContent":"none - recap of prior public disclosures"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Plaintiff law firm Bleichmar Fonti & Auld LLP (BFA Law) announced an investigation into Coastal Financial Corp (NASDAQ: CCB) for potential securities fraud relating to statements about the credit quality and financial performance of its banking-as-a-service segment and CCBX partner relationships.\n\nThe probe follows a 43.5% one-day stock drop on July 30, 2026, when Coastal reported a Q2 2026 net loss of $42.1 million, or $(2.76) per diluted share, driven by a $68.8 million credit expense tied to an unnamed CCBX partner; the stock fell from $70.66 to $39.91 that day.\n\nThis is a law-firm solicitation reusing previously disclosed results — no class has been certified and no new issuer disclosure was made — so treat it as low-signal noise while monitoring for an actually filed complaint.","key_figures":{"customDimensions":{"price_decline":"$30.75 per share","credit_expense":"$68.8 million","stock_drop_pct":"43.5%","close_2026_07_29":70.66,"close_2026_07_30":39.91,"q2_2026_net_loss":"$42.1 million","q2_2025_net_income":"$12 million","q2_2025_diluted_eps":"$0.78"}},"named_entities":{"people":[{"name":"Adam McCall","role":"BFA Law media contact"}],"products":["CCBX"],"companies":[{"name":"Coastal Financial Corp.","ticker":"CCB","relationship":"investigation target / filer"},{"name":"Bleichmar Fonti & Auld LLP (BFA Law)","relationship":"plaintiff law firm and release author"},{"name":"Tesla, Inc.","relationship":"incidental mention in BFA's self-promotional track record"},{"name":"Teva Pharmaceutical Ind. Ltd.","relationship":"incidental mention in BFA's self-promotional track record"}],"dollarAmounts":[{"amount":"$42.1 million","context":"Q2 2026 quarterly net loss reported by Coastal Financial"},{"amount":"$68.8 million","context":"credit expense related to an unnamed CCBX partner relationship"},{"amount":"$12 million","context":"prior-year quarterly net income"},{"amount":"$30.75 per share","context":"one-day stock price decline on July 30, 2026"},{"amount":"$70.66","context":"closing price on July 29, 2026"},{"amount":"$39.91","context":"closing price on July 30, 2026"},{"amount":"$900 million","context":"BFA's claimed recovery from Tesla, Inc.'s Board (law-firm marketing)"},{"amount":"$420 million","context":"BFA's claimed recovery from Teva Pharmaceutical (law-firm marketing)"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-15T10:38:51.066Z","global_importance":18,"audience_relevance":14,"importance_components":{"tickerTier":"small-to-mid-cap bank","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingDrop":"43.5% on 2026-07-30","newInformationContent":"none - recap of prior public disclosures"}},"durationMs":null,"modelName":"glm-5.3-flash"}}