Bronstein, Gewirtz & Grossman LLC Urges Coastal Financial Corporation Investors to Act: Class Action Filed Alleging Investor Harm

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.