Levi & Korsinsky Reminds Coastal Financial Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of December 1, 2026 - CCB

A securities class action has been filed against Coastal Financial Corporation for allegedly misrepresenting its banking-as-a-service credit risk indemnification. The company claimed 98.8% indemnification against credit risk, but a single partner's $500 million loan portfolio (23% of CCBX loans) materially deteriorated, resulting in a $68.8 million credit expense, $42.1 million quarterly loss, and 43.5% share price decline. Investors who purchased CCB securities between October 28, 2024 and July 29, 2026 may be eligible to join the lawsuit with a lead plaintiff deadline of December 1, 2026.