Dave begins funding ExtraCash through Coastal Community Bank partnership

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Go back to Dave begins funding ExtraCash through Coastal Community Bank partnership

Dave Begins Funding ExtraCash Originations Through Coastal Community Bank

June 9, 2026 4:05 PM EDT

Represents a foundational step in Dave's capital strategy, reducing direct funding obligations, lowering cost of capital and unlocking substantial liquidity for capital allocation priorities 


Los Angeles, June 09, 2026 (GLOBE NEWSWIRE) -- Dave Inc. (Dave or the Company) (Nasdaq: DAVE), one of the nations leading neobanks, announced that, effective June 1, 2026 and consistent with its previously communicated timetable, the Company began transitioning ExtraCash receivables to its strategic funding arrangement with Coastal Community Bank (Coastal), the wholly-owned banking subsidiary of Coastal Financial Corporation (Nasdaq: CCB). The move... More