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News  ›  GlobeNewswire Inc.

Coastal Financial Corporation Acquires GreenFi Brand, Expanding Strategic Flexibility

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
Coastal Financial Corporation Acquires GreenFi Brand, Expanding Strategic Flexibility

Coastal Financial Corporation announced the acquisition of the GreenFi brand, a climate-friendly consumer financial services platform, from Mission Financial Partners. Under the deal, Mission Financial Partners will continue to operate and market GreenFi through its technology platform, while Coastal assumes governance and long-term brand stewardship. The acquisition maintains customer continuity with no changes to accounts or services.

Insights
JPMpD   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. CEO commentary emphasizes strategic optionality and future growth potential.