TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Coastal Financial Corporation Acquires GreenFi Brand, Expanding Strategic Flexibility

Benzinga Logo Benzinga By Globe Newswire
Coastal Financial Corporation Acquires GreenFi Brand, Expanding Strategic Flexibility

Coastal Financial Corporation (NASDAQ:CCB) has acquired the GreenFi brand of climate-friendly consumer financial services from Mission Financial Partners. Under the agreement, Mission Financial Partners will continue to operate and market GreenFi through its existing technology platform, while Coastal assumes governance and long-term brand stewardship. The acquisition maintains customer continuity and provides Coastal with strategic control over the brand's future direction.

Insights
JPMpC   neutral

Serving as lead book-running manager for the offering, indicating a standard financial service role


CCB   positive

The acquisition expands Coastal's portfolio in the growing sustainable finance sector, provides direct control over a mission-driven brand, and strengthens its position as a banking partner to fintech companies. The deal maintains operational continuity while creating future growth optionality.