Coastal Community Bank

Dave and Coastal Community Bank Announce Strategic BaaS Partnership

Dave Inc. and Coastal Community Bank's CCBX division announced a strategic BaaS sponsor bank partnership. Coastal Community Bank will serve as the sponsor bank for Dave's banking products and the new ExtraCash product. Customer onboarding is expected to begin in Q2 2025, targeting underbanked communities.

Walmart's Fintech One Plans Credit Card Portfolio Relaunch with Bank Partners

Walmart's majority-owned fintech, One, announced plans to relaunch the retailer's dual co-brand and private label credit card portfolio. One partners with Coastal Community Bank for installment loans. This move signals Walmart's deepening push into embedded financial services for its customer base.

Fintel Connect Launches Fintel Check Monitoring Tool for BaaS Banks

Fintel Connect launched Fintel Check, an automated monitoring tool designed for BaaS sponsor banks and middleware providers to track fintech partners' marketing compliance. Coastal Community Bank piloted the product. The tool addresses growing regulatory scrutiny on sponsor banks overseeing fintech partnerships.

Coastal Community Bank Joins New BaaS Association as Founding Member

Coastal Community Bank joined the newly launched Bankers Helping Bankers (BHB) Banking-as-a-Service Association as a founding member. The association supports BaaS sponsor banks through legislative advocacy, best practices, and collaboration. Coastal's CCBX division provides BaaS to broker-dealers and digital financial service partners. The initiative aims to promote responsible BaaS delivery by federally insured institutions.

Synctera Adds Regent Bank as BaaS Sponsor Bank Partner

Synctera announced Regent Bank as a new community banking partner for its BaaS platform, joining existing partners Coastal Community Bank and Lineage Financial Network. The partnership expands Synctera's sponsor bank network as it targets 15 community bank partners by end of 2021. Regent Bank, based in Oklahoma, aims to grow its fintech servicing capabilities through the marketplace.

Coastal Community Bank's CCBX Division Onboards Six New BaaS Partners

Coastal Community Bank's CCBX BaaS division onboarded six new fintech partners in the first half of 2021, bringing its total to 21 active or in-progress relationships. New partners include Greenwood, One, Sable, Cheese, Till, Possible Finance, and Movocash. The rapid expansion underscores growing demand from mission-driven neobanks and niche fintechs for sponsor bank infrastructure.

Cheese Launches Digital Banking Platform for Asian-American Communities

Cheese, a Pasadena-based fintech, launched a digital banking platform on March 10, 2021, targeting Asian-American and immigrant communities. The platform offers zero-fee FDIC-insured accounts via Coastal Community Bank, debit Mastercard cards, cashback rewards up to 10%, and early direct deposit. Cheese integrates embedded fintech features with a social impact mission, pledging $100,000 in donations to Asian nonprofits.

Coastal Community Bank Expands BaaS With Google Partnership for Deposits

Coastal Community Bank expanded its Banking-as-a-Service operations including a partnership with Google for deposits and loans. The community bank adopted a pay-as-you-go and subscription revenue model with near-zero customer acquisition costs. This illustrates how smaller banks can compete in embedded finance through BaaS partnerships with big tech.