{"id":820483,"date":"2025-03-03T08:29:16","date_gmt":"2025-03-03T13:29:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dave-and-coastal-community-bank-announce-strategic-partnership\/"},"modified":"2025-03-03T08:29:16","modified_gmt":"2025-03-03T13:29:16","slug":"dave-and-coastal-community-bank-announce-strategic-partnership","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dave-and-coastal-community-bank-announce-strategic-partnership\/","title":{"rendered":"Dave and Coastal Community Bank Announce Strategic Partnership"},"content":{"rendered":"<h2>\nThe partnership will grow Dave\u2019s banking and ExtraCash products and improve financial inclusion<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">Los Angeles, CA, March  03, 2025  (GLOBE NEWSWIRE) &#8212; Dave Inc. (\u201cDave\u201d or the \u201cCompany\u201d) (Nasdaq: DAVE), one of the nation\u2019s leading neobanks and Coastal Financial Corporation (Nasdaq: CCB), the holding company for Coastal Community Bank, today announced a definitive strategic partnership.<\/p>\n<p align=\"justify\">Coastal Community Bank will become a sponsor bank of Dave, including for Dave\u2019s banking products and Dave\u2019s new, simplified ExtraCash product. Customers will begin onboarding to Coastal Community Bank as soon as Q2 2025.<\/p>\n<p align=\"justify\">\u201cWe are thrilled to work with Dave as a sponsor bank. From our first discussions with their team, it was clear that we are aligned in bringing accessible, transparent financial services to traditionally underbanked populations,\u201d said Brian Hamilton, President of CCBX.<\/p>\n<p align=\"justify\">The strategic partnership with Coastal Community Bank and CCBX, the bank\u2019s banking-as-a-service division, will accelerate Dave\u2019s business growth and expansion, and support Dave\u2019s mission to provide products that level the financial playing field for Americans.<\/p>\n<p align=\"justify\">\u201cThis partnership marks a milestone moment for Dave. Coastal Community Bank is the right partner for our company because of their customer-first mission, deep knowledge across credit and banking products, strong risk management, and our shared ambition to make a difference in the communities that need it most,\u201d said Jason Wilk, CEO and Founder of Dave.<\/p>\n<p align=\"justify\">\n        <strong>About Dave:<\/strong>\n      <\/p>\n<p align=\"justify\">Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions of everyday Americans. Dave uses disruptive technologies to provide best-in-class banking services at a fraction of the price of incumbents. For more information about the company, visit:<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0jTLOlf0AfjH3q06uM_Jtymn1Gl3tHIpB6rarhhBqhD7WGF2nXC8RKdIoOElpMeIzHz021BYcxnFXnmm_UwzfQ==\" rel=\"nofollow\" target=\"_blank\"><u>www.dave.com<\/u><\/a>. For investor information and updates, visit: investors.dave.com and follow<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xuzBGllG1jaev0-tXgGFHC_vYGpCzDHHrGZcdy2gE5hGyDYbwjnGjeMbXQ5agxSey8R5fNbQEsgoz1A5REL2vVhMiy2a4VRC4FZCmhgFXmnalVrjvX8RgF65CMhCHwR0ZFxiUNySSg4lM0jWnxzF_58yhe2sBQe0UPBLIaQi6j8LMnaBnJbLyKAgtJ0oFCuy7ueBrtTv2GfyIYSiWkA8oXKf5fYOKnuAOSylfawxYgLGKS3GnjQCE_P9sZc0D0Kd\" rel=\"nofollow\" target=\"_blank\"><u>@davebanking<\/u><\/a> on X.<\/p>\n<p align=\"justify\">\n        <strong>About Coastal Financial Corporation:<\/strong>\n      <\/p>\n<p align=\"justify\">Coastal Financial Corporation (Nasdaq: CCB), is an Everett, Washington based bank holding company whose wholly owned subsidiaries are Coastal Community Bank (\u201cBank\u201d) and Arlington Olympic LLC. The $4.12 billion Bank provides service through 14 branches in Snohomish, Island, and King Counties, the Internet and its mobile banking application. The Bank provides banking as a service to broker-dealers, digital financial service providers, companies and brands that want to provide financial services to their customers through the Bank&#8217;s CCBX segment. To learn more about Coastal Financial Corporation visit<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0jTLOlf0AfjH3q06uM_Jt4kvmWTfX8qngCUjvL-NWTkVERx2OMASmErYEXVJkt_z4Xnhwp2IZoASsRzIkkT80MenrJspq2kkhKTc4a8zh0o=\" rel=\"nofollow\" target=\"_blank\"><u>www.coastalbank.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release includes forward-looking statements, which are subject to the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as \u201cfeels,\u201d \u201cbelieves,\u201d \u201cexpects,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cintends,\u201d \u201cremains,\u201d \u201cshould,\u201d \u201cis to be,\u201d or the negative of such terms, or other comparable terminology and include, among other things, statements relating to the strategic partnership with Coastal Community Bank, financial inclusion, and Dave\u2019s business growth and expansion. \u00a0Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: the ability of Dave to compete in its highly competitive industry; the ability of Dave to keep pace with the rapid technological developments in its industry and the larger financial services industry; the ability of Dave to manage risks associated with providing ExtraCash advances; the ability of Dave to retain its current Members, acquire new Members and sell additional functionality and services to its Members; the ability of Dave to protect intellectual property and trade secrets; the ability of Dave to maintain the integrity of its confidential information and information systems or comply with applicable privacy and data security requirements and regulations; the reliance by Dave on a single bank partner; the ability of Dave to maintain or secure current and future key banking relationships and other third-party service providers; failures by third-party service providers; changes in applicable laws or regulations and extensive and evolving government regulations that impact operations and business; the ability to attract or maintain a qualified workforce; level of product service failures that could lead Dave Members to use competitors\u2019 services; investigations, claims, disputes, enforcement actions, litigation and\/or other regulatory or legal proceedings, including the Department of Justice\u2019s lawsuit against Dave; the ability to maintain the listing of Dave Class A Common Stock on The Nasdaq Stock Market; the possibility that Dave may be adversely affected by other economic factors, including fluctuating interest rates, and business, and\/or competitive factors; and other risks and uncertainties discussed in Dave\u2019s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on March 5, 2024 and subsequent Quarterly Reports on Form 10-Q under the heading \u201cRisk Factors,\u201d filed with the SEC and other reports and documents Dave files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Dave undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM4NzQ3NSM2Nzg2NTUyIzIxODg2MjM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YjBiNjNlNzYtMzhlNS00NThhLTg3OWItODM2ODk1OTFlZjc0LTEyMDAxNzY=\/tiny\/Dave-Operating-LLC.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contacts for Dave\r\n\r\nInvestor Relations Contact\r\nSean Mansouri, CFA\r\nElevate IR\r\nDAVE@elevate-ir.com\r\n\r\nMedia Contact\r\nDan Ury\r\npress@dave.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The partnership will grow Dave\u2019s banking and ExtraCash products and improve financial inclusion Los Angeles, CA, March 03, 2025 (GLOBE NEWSWIRE) &#8212; Dave Inc. (\u201cDave\u201d or the \u201cCompany\u201d) (Nasdaq: DAVE), one of the nation\u2019s leading neobanks and Coastal Financial Corporation (Nasdaq: CCB), the holding company for Coastal Community Bank, today announced a definitive strategic partnership. Coastal Community Bank will become a sponsor bank of Dave, including for Dave\u2019s banking products and Dave\u2019s new, simplified ExtraCash product. Customers will begin onboarding to Coastal Community Bank as soon as Q2 2025. \u201cWe are thrilled to work with Dave as a sponsor bank. From our first discussions with their team, it was clear that we are aligned in bringing accessible, transparent financial services &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dave-and-coastal-community-bank-announce-strategic-partnership\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dave and Coastal Community Bank Announce Strategic Partnership&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-820483","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dave and Coastal Community Bank Announce Strategic Partnership - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dave-and-coastal-community-bank-announce-strategic-partnership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dave and Coastal Community Bank Announce Strategic Partnership - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The partnership will grow Dave\u2019s banking and ExtraCash products and improve financial inclusion Los Angeles, CA, March 03, 2025 (GLOBE NEWSWIRE) &#8212; Dave Inc. (\u201cDave\u201d or the \u201cCompany\u201d) (Nasdaq: DAVE), one of the nation\u2019s leading neobanks and Coastal Financial Corporation (Nasdaq: CCB), the holding company for Coastal Community Bank, today announced a definitive strategic partnership. Coastal Community Bank will become a sponsor bank of Dave, including for Dave\u2019s banking products and Dave\u2019s new, simplified ExtraCash product. Customers will begin onboarding to Coastal Community Bank as soon as Q2 2025. \u201cWe are thrilled to work with Dave as a sponsor bank. From our first discussions with their team, it was clear that we are aligned in bringing accessible, transparent financial services &hellip; Continue reading &quot;Dave and Coastal Community Bank Announce Strategic Partnership&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/dave-and-coastal-community-bank-announce-strategic-partnership\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-03T13:29:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM4NzQ3NSM2Nzg2NTUyIzIxODg2MjM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dave-and-coastal-community-bank-announce-strategic-partnership\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dave-and-coastal-community-bank-announce-strategic-partnership\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Dave and Coastal Community Bank Announce Strategic Partnership\",\"datePublished\":\"2025-03-03T13:29:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dave-and-coastal-community-bank-announce-strategic-partnership\\\/\"},\"wordCount\":830,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dave-and-coastal-community-bank-announce-strategic-partnership\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM4NzQ3NSM2Nzg2NTUyIzIxODg2MjM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dave-and-coastal-community-bank-announce-strategic-partnership\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dave-and-coastal-community-bank-announce-strategic-partnership\\\/\",\"name\":\"Dave and Coastal Community Bank Announce Strategic Partnership - 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(\u201cDave\u201d or the \u201cCompany\u201d) (Nasdaq: DAVE), one of the nation\u2019s leading neobanks and Coastal Financial Corporation (Nasdaq: CCB), the holding company for Coastal Community Bank, today announced a definitive strategic partnership. Coastal Community Bank will become a sponsor bank of Dave, including for Dave\u2019s banking products and Dave\u2019s new, simplified ExtraCash product. Customers will begin onboarding to Coastal Community Bank as soon as Q2 2025. \u201cWe are thrilled to work with Dave as a sponsor bank. 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