Chime agrees to acquire longtime banking partner Stride Bank for $590M; Stride will become Chime Bank, a wholly owned subsidiary; CHYM jumps 8.5%+ after hours (Paige Smith/Bloomberg)

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Paige Smith / Bloomberg : Chime agrees to acquire longtime banking partner Stride Bank for $590M; Stride will become Chime Bank, a wholly owned subsidiary; CHYM jumps 8.5%+ after hours   —  Chime Financial Inc. struck a deal to buy Stride Bank for $590 million in cash, snapping up its longtime partner as the fintech streamlines its operations.