See the pattern, not just the headline.

Chime agrees to acquire Stride Bank for $590 million and bring banking infrastructure in-house

Chime agreed to acquire longtime partner Stride Bank for $590 million in cash. If regulators approve the transaction, Stride will become Chime Bank and Chime expects to combine its proprietary technology stack with Stride operations, risk and compliance capabilities while targeting more than $100 million in net synergies.