Coastal Financial Securities Class Action

A securities class action has been filed in the U.S. District Court for the Western District of Washington on behalf of purchasers or acquirers of Coastal Financial Corporation securities from October 28, 2024 through July 29, 2026. The complaint alleges that defendants failed to disclose material deterioration in the credit quality of a substantial partner loan portfolio, exposing Coastal to significant losses; the matter is at the filing stage.