Coastal Financial
Coastal Financial Corporation, through subsidiary Coastal Community Bank, operates a 14-branch community bank in Washington's greater Puget Sound and a Banking-as-a-Service platform (CCBX) that enables fintech partners to offer deposits, cards, and lending using its bank charter.
- Company typePublic
- Founded1997
- HeadquartersEverett, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Coastal Financial does
Coastal Financial Corporation (NASDAQ: CCB) is a Washington-state bank holding company headquartered in Everett, operating through its wholly owned subsidiary Coastal Community Bank. Since 1997 it has delivered retail and commercial banking services to small and medium-sized businesses, professionals, and individuals through 14 full-service branches in Snohomish, Island, and King Counties, internet, and mobile banking; it is the largest community bank by deposit market share in the greater Puget Sound area.
The company operates a dual-segment model. The Community Banking segment is a traditional branch-and-digital franchise generating net interest income on loans receivable and interest-bearing deposits. The CCBX (Coastal Community Bank X) segment is a Banking-as-a-Service platform that enables broker dealers and fintech partners to offer banking services - including credit card programs (667,023 off-balance-sheet cards with fee-earning potential as of March 31, 2026), debit card programs (10.3 million fee-earning debit cards), deposit programs with FDIC sweep capabilities, and specialty lending such as capital call lines - to their own end customers using Coastal's bank charter. CCBX partners provide 100% fraud indemnification and up to 98.8% credit indemnification on partner-originated balances.
Revenue is generated from net interest income across both segments, recurring BaaS program fees (servicing, transaction, interchange, and expense reimbursements), and credit/fraud enhancement income. FY2025 total revenue was $429.6 million with $47.0 million in net income; Q1 2026 brought total assets to $5.66 billion (+19.5% QoQ) and deposits to $5.04 billion (+21.6% QoQ), with BaaS program fee income of $10.9 million (+22.3% QoQ). Disclosed customer logos include Robinhood (deposit program launched Q4 2025), Dave Inc. (ExtraCash funding partnership effective June 2026), Step/Beast Industries (under Evolve-related discussions), and Mission Financial Partners (GreenFi brand acquired January 2026). The franchise is regulated by the Federal Reserve and the Washington State DFI, and a previously disclosed material weakness in BaaS interest-income and expense reporting internal controls is a known governance item being remediated.
Coastal Financial firmographics
Firmographics- Name
- Coastal Financial
- Legal name
- Coastal Financial Corporation
- Website
- https://ir.coastalbank.com
- Company type
- Public
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Coastal Financial Corporation, through subsidiary Coastal Community Bank, operates a 14-branch community bank in Washington's greater Puget Sound and a Banking-as-a-Service platform (CCBX) that enables fintech partners to offer deposits, cards, and lending using its bank charter.
- Ownership category
- akta.pro rank
Coastal Financial industry classification
Industry- Product category
- Community Banking and Banking-as-a-Service
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (52218), Commercial Banking (522110)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)
- akta.pro secondary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where Coastal Financial is headquartered
LocationHeadquarters
- HQ city
- Everett
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Coastal Financial business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Interest income from loans receivable and interest-bearing deposits, net of interest expense on deposits and borrowings. Represents the core banking margin from both community bank loans and CCBX loan portfolios.
- BaaS Program Income: Fees from banking-as-a-service partners including servicing fees, transaction and interchange fees, and reimbursement of expenses. BaaS program income was $10.9 million in Q1 2026, up 22.3% quarter-over-quarter.
- BaaS Credit and Fraud Enhancements: Income from credit enhancements and fraud indemnification related to CCBX partner loan portfolios. Partners provide credit and fraud indemnification that protects the bank from losses on fintech-originated loans.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Coastal Financial product offering
Product offeringCore offering
Coastal Financial operates a dual-segment banking model through its wholly owned subsidiary Coastal Community Bank: (1) community banking services (checking, savings, mortgage, consumer and commercial lending, debit/credit cards) delivered via 14 full-service branches in the greater Puget Sound area plus internet and mobile banking; and (2) the CCBX Banking-as-a-Service segment that supplies regulated banking infrastructure, deposit programs, credit and debit card programs, lending products, and credit/fraud indemnification to broker-dealers and digital financial service partners. The company also owns the GreenFi climate-friendly consumer finance brand.
Product overview
Coastal Financial Corporation operates a dual-segment business model consisting of Coastal Community Bank (a traditional community bank serving consumers and businesses in the greater Puget Sound area through 14 branches, internet, and mobile banking) and its CCBX (Coastal Community Bank X) Banking-as-a-Service platform segment. CCBX enables fintech partners and digital financial service providers to offer banking services including credit cards, debit cards, deposit programs, and lending products. The company also acquired the GreenFi climate-friendly consumer finance brand. The CCBX segment has grown to represent the majority of the company's deposit base and loan portfolio, with 30 total partner relationships at varying stages including active, testing, onboarding, and wind-down status as of Q1 2026.
Differentiator
Problem solved
Functional benefit
Brands
- CCBX: Banking-as-a-Service (BaaS) segment that allows broker dealers and digital financial service partners to offer banking services to their customers
- GreenFi
Products and services
- CCBX Banking-as-a-Service Platform Banking-as-a-Service (BaaS) platform segment that allows broker dealers and digital financial service partners to offer banking services (deposits, credit cards, debit cards, lending) to their customers under Coastal Community Bank's regulatory framework and credit/fraud indemnification.
- Coastal Community Bank Traditional community bank offering checking, savings, mortgage, consumer and commercial lending, and debit/credit card services via 14 full-service branches in Snohomish, Island, and King Counties, plus internet and mobile banking.
- GreenFi Climate-friendly consumer financial services brand acquired from Mission Financial Partners that offers consumer financial products with an environmental focus; operated and marketed by Mission under Coastal Financial's governance.
- Capital Call Lines of Credit Specialized commercial lending product for venture capital firms, secured by capital call rights and individually underwritten to the Bank's credit standards, distributed via CCBX BaaS clients.
Quantifiable outcome
- BaaS program fee income increased 22.3% quarter-over-quarter to $10.9 million in Q1 2026
- +2 more outcomes
Companies that use Coastal Financial
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Coastal Financial technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature1 record
Coastal Financial partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, strategic and minor.
- Dave Inc.coreDave Inc., a U.S. neobank listed on Nasdaq (DAVE), entered a strategic funding arrangement with Coastal Community Bank effective June 1, 2026. Dave transitioned its ExtraCash receivables funding from direct funding to a bank-partnership model, expected to unlock over $200 million of liquidity on Dave's balance sheet. The partnership also plans to extend to Dave's forthcoming Flex card product.
- Evolve Bank & TruststrategicEvolve Bank & Trust is in discussions with Coastal Financial Corp to offload select banking-as-a-service deposits and assets as part of a de-risking effort. Coastal Financial entered a non-binding term sheet to evaluate acquiring assets from up to 10 of Evolve's fintech clients, including Step (MrBeast's youth finance platform).
- Jeffrey M. ChapmanminorJeffrey M. Chapman appointed to board of directors, bringing over 25 years of experience in banking technology.
- GreenFi / Mission Financial PartnerscoreCoastal Financial acquired the GreenFi brand of climate-friendly consumer financial services from Mission Financial Partners. The deal deepens an existing banking partnership, with Mission continuing to operate and market the GreenFi brand under Coastal's governance and oversight.
- RobinhoodcoreRobinhood's deposit program successfully launched in Q4 2025 through Coastal Community Bank's CCBX platform. Robinhood's banking division crossed $1 billion in deposits from 65,000 funded customers within four months of its November 2025 launch, contributing significantly to CCBX deposit growth.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
Coastal Financial competitors and assessment
Company assessmentDirect peers
- Lead Bank: Lead Bank is a Missouri-based community bank that has built a substantial BaaS franchise serving fintechs including Affirm, Coinbase, and others. Direct competitor in the community-bank-plus-BaaS model, offering similar partnership-based deposit, card, and lending programs.
- Customers Bancorp: Customers Bancorp operates one of the most prominent Banking-as-a-Service franchises (BMTX) serving fintechs with deposit, lending, and card products. Highly comparable to Coastal's CCBX in serving digital financial service providers, though at a larger scale and with a broader commercial banking base.
- Piermont Bank: Piermont Bank is a New York-chartered commercial bank with a BaaS platform serving fintechs, stablecoin issuers, and digital asset companies. Closely comparable to Coastal's CCBX in providing banking infrastructure to digital-native financial service providers.
- Evolve Bank & Trust: Evolve Bank & Trust is a Tennessee-chartered bank with a large BaaS franchise serving fintechs including Step, Mercury, and others, currently in de-risking mode. Direct competitor to CCBX and the counterparty in Coastal's pending asset acquisition deal.
- First Bank (NJ): First Bank is a New Jersey-based community bank with a growing BaaS and fintech partnership business. Comparable to Coastal's hybrid community-bank-plus-BaaS model serving both local SMBs and fintech partners.
- Cross River Bank: Cross River Bank is a New Jersey-chartered state bank that provides Banking-as-a-Service infrastructure to fintechs and digital platforms, including lending, deposits, and payments. Directly comparable to Coastal's CCBX in serving as a regulated bank partner for fintechs across credit cards, deposits, and lending.
Regional players
- Heritage Financial Corporation: Heritage Financial is a Pacific Northwest community bank holding company headquartered in Olympia, Washington, operating a traditional community banking model in similar geography to Coastal. Comparable in branch-based community banking focus but without a BaaS segment.
- First Northwest Bancorp: First Northwest Bancorp is an Olympic Peninsula, Washington-based bank holding company serving the Pacific Northwest. Regional peer to Coastal's community banking operations with overlapping Washington state footprint.
Broad incumbents
- JPMorgan Chase: JPMorgan Chase is the largest U.S. bank with extensive commercial banking, card, and increasingly BaaS-adjacent embedded finance capabilities. Serves as the broad incumbent comparable to Coastal's full-service commercial and consumer banking, though at vastly larger scale.
Emerging players
- Column (Brex): Column (formerly known as Column N.A.) is a national bank built on Banking-as-a-Service infrastructure primarily serving Brex and other fintechs. Emerging player in the regulated BaaS space with similar technology-forward orientation to Coastal's CCBX platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Coastal Financial social profiles
Digital presenceCoastal Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coastal Financial leadership team
Management profileNumber of profiles
Profiles5 records
Coastal Financial subsidiaries and ownership
Company hierarchySubsidiaries2 records
Coastal Financial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coastal Financial M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coastal Financial
What does Coastal Financial do?
Coastal Financial operates a dual-segment banking model through its wholly owned subsidiary Coastal Community Bank: (1) community banking services (checking, savings, mortgage, consumer and commercial lending, debit/credit cards) delivered via 14 full-service branches in the greater Puget Sound area plus internet and mobile banking; and (2) the CCBX Banking-as-a-Service segment that supplies regulated banking infrastructure, deposit programs, credit and debit card programs, lending products, and credit/fraud indemnification to broker-dealers and digital financial service partners. The company also owns the GreenFi climate-friendly consumer finance brand.
Is Coastal Financial a public or private company?
Coastal Financial is a public company. It is classified as public and is currently operating.
When was Coastal Financial founded?
Coastal Financial was founded in 1997. It employs 251 to 500 people.
Where is Coastal Financial based?
Coastal Financial is headquartered in Everett, United States, in the North America region.
How does Coastal Financial make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are baaS Program Income and baaS Credit and Fraud Enhancements.
Who are Coastal Financial's main competitors?
Direct peers on record are Lead Bank, Customers Bancorp, Piermont Bank, Evolve Bank & Trust, First Bank (NJ) and Cross River Bank. Regional players are Heritage Financial Corporation and First Northwest Bancorp. JPMorgan Chase is listed as a broad incumbent. Column (Brex) is listed as an emerging player.
Does Coastal Financial have an API?
No public API is recorded for Coastal Financial.
What industry is Coastal Financial in?
Coastal Financial's product category is Community Banking and Banking-as-a-Service. Its primary akta.pro industry code is FSABABAB, SME Business Lending (Term Loans, Lines of Credit, Overdrafts), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 52218 and its SIC code is 6035.