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CCB INVESTORS: Contact Kirby McInerney LLP About the Securities Fraud Lawsuit Filed on Behalf of Coastal Financial Corporation Shareholders

CCB
  • Kirby McInerney LLP invites investors who purchased Coastal Financial Corporation (NASDAQ: CCB) securities to contact Lauren Molinaro by December 1, 2026, regarding a securities fraud class action.
  • The lawsuit covers the class period from October 28, 2024, through July 29, 2026, alleging Coastal failed to disclose material deterioration in a $500 million CCBX partner loan portfolio representing 23% of total CCBX loans.
  • Coastal faced significant credit loss exposure despite claims of credit protections, & its risk management practices were inadequate to identify or mitigate the loan portfolio's deterioration.
  • On July 30, 2026, Coastal reported a GAAP net loss of $42.1 million driven by a $68.8 million credit expense related to a single CCBX partner relationship.
  • The company disclosed the expense included a $46 million valuation adjustment & a $22.8 million provision for credit losses on the partner's indemnification obligations.
  • Following the July 30 announcement, Coastal shares declined 43.5% from $70.66 to close at $39.91, a drop of $30.75 per share.
  • Investors are urged to contact the firm to discuss their rights or interests at no cost, as courts may not consider lead plaintiff applications submitted after the deadline.
  • Kirby McInerney LLP is a New York-based law firm specializing in securities litigation with billions of dollars in shareholder recoveries.