Coastal Community Bank announced a $5 million investment in the Solomon Hess SBA Loan Fund to support small businesses and economic development in Snohomish and King Counties. The investment advances the bank's Community Reinvestment Act Strategic Plan and expands access to capital for businesses that may not qualify for traditional financing through the SBA 7(a) loan program.

Kirby McInerney LLP has filed a securities fraud class action lawsuit against Coastal Financial Corporation on behalf of investors who purchased securities between October 28, 2024 and July 29, 2026. The lawsuit alleges that Coastal failed to disclose material deterioration in a $500 million CCBX partner loan portfolio and inadequate risk management practices. On July 30, 2026, Coastal announced a $42.1 million net loss driven by a $68.8 million credit expense, causing the stock to plunge 43.5% from $70.66 to $39.91 per share.

A class action lawsuit has been filed against Coastal Financial Corporation alleging that company executives made false and misleading statements about credit quality and financial condition. The complaint claims a $500 million partner loan portfolio representing 23% of CCBX loans deteriorated materially, exposing the company to significant losses despite indemnification protections. Investors who purchased securities between October 28, 2024 and July 29, 2026 may be eligible to join the case.

Pomerantz Law Firm has filed a class action lawsuit against Coastal Financial Corporation (CCB) for alleged securities fraud. The lawsuit stems from Coastal's July 30, 2026 earnings announcement, which revealed a surprise $42.1 million GAAP net loss driven by a $68.8 million credit expense related to a CCBX partner relationship involving approximately $500 million in underlying loans. The disclosure triggered a 43.5% stock price decline. Investors have until December 1, 2026 to request Lead Plaintiff status.

A securities class action has been filed against Coastal Financial Corporation (CCB) alleging inadequate risk monitoring at its CCBX banking-as-a-service unit. The lawsuit claims the company failed to disclose deterioration in a partner's $500 million loan portfolio, resulting in a $68.8 million credit expense, a $42.1 million net loss, and a 43.5% stock decline. The lead plaintiff deadline is December 1, 2026.

Rosen Law Firm has filed class action lawsuits on behalf of investors in Coastal Financial Corporation (CCB) for alleged misrepresentation of credit risks associated with its CCBX business. The firm is seeking lead plaintiffs with a December 1, 2026 deadline. Investors who purchased CCB stock between October 28, 2024 and July 29, 2026 may be eligible for compensation.

A securities class action has been filed against Coastal Financial Corporation for allegedly misrepresenting its banking-as-a-service credit risk indemnification. The company claimed 98.8% indemnification against credit risk, but a single partner's $500 million loan portfolio (23% of CCBX loans) materially deteriorated, resulting in a $68.8 million credit expense, $42.1 million quarterly loss, and 43.5% share price decline. Investors who purchased CCB securities between October 28, 2024 and July 29, 2026 may be eligible to join the lawsuit with a lead plaintiff deadline of December 1, 2026.

Coastal Community Bank announced its investment in Koz Development's PNW Attainable Workforce Housing Fund, which aims to expand high-quality, environmentally responsible housing for working individuals and families across Washington and Oregon. The fund targets the 'missing middle'—households earning too much for traditional assistance but struggling with market-rate housing affordability. In Washington, the investment also supports Koz developments in the Ballmer Group's Washington Family Housing Fund partnership.

Rosen Law Firm has filed a class action lawsuit against Coastal Financial Corporation (CCB) on behalf of investors who purchased common stock between October 28, 2024 and July 29, 2026. The lawsuit alleges that defendants misrepresented and failed to disclose key facts concerning credit risks associated with Coastal Financial's CCBX business, including exposure to credit losses and the effectiveness of contractual indemnification protections. Investors who wish to serve as lead plaintiff must move the Court by December 1, 2026.

Grabar Law Office is investigating securities fraud and fiduciary duty breach claims against four companies: Aardvark Therapeutics for allegedly misrepresenting the safety profile of its drug candidate ARD-101 before a clinical hold was placed; Coastal Financial Corporation for failing to disclose deterioration in its CCBX partner loan portfolio and credit losses; Erasca, Inc. for making misleading statements about its ERAS-0015 therapy and improper comparisons to competitors; and New Era Energy & Digital for overstating progress on its data center project and allegedly engaging in fraudulent oil-and-gas schemes.

Coastal Community Bank has awarded three multiyear community development grants totaling $375,000 to nonprofit organizations in Snohomish and King counties. LISC Puget Sound received $150,000, VOA of Western Washington received $150,000 for the Lynnwood Neighborhood Center, and Housing Consortium of Everett and Snohomish County received $75,000. The grants aim to expand affordable housing and economic opportunities for low- to moderate-income residents.

A class action lawsuit has been filed against Coastal Financial Corporation alleging that company executives made false and misleading statements regarding credit quality deterioration in a $500 million partner loan portfolio representing 23% of CCBX loans. The lawsuit covers investors who purchased securities between October 28, 2024 and July 29, 2026. The lead plaintiff deadline is December 1, 2026.