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Class action lawsuit filed against Coastal Financial Corporation

Newsfile ·

CCB
CCB Coastal Financial Corp
$42.70 +4.32%
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  1. 1Kaplan Fox & Kilsheimer LLP has filed a class action lawsuit against Coastal Financial Corporation.
  2. 2Coastal reported a GAAP net loss of $42.1 million for the second quarter of 2026.
  3. 3Coastal incurred $68.8 million in credit costs for the second quarter of 2026 related to a single CCBX partner relationship.

So what's the key point?

Coastal Financial Corporation is facing a lawsuit following significant losses. The company has incurred substantial costs due to this situation.

Source Newsfile · View original ↗

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