Has Chime already acquired Stride Bank?
No. Chime has entered into a definitive agreement to acquire Stride Bank’s parent company. The transaction has not closed and remains subject to regulatory approval and other customary closing conditions.
Chime Announces Agreement to Acquire Stride Bank: What It Means for National VA Loans
Chime has entered into an agreement to acquire Stride Bank, the bank powering National VA Loans. Here is what was announced, what happens next, and what VA borrowers should know.
Why You Can Trust This Guidance
VA-approved lender powered by Stride Bank, NMLS #466690.
Educational content is reviewed for clarity and lending context; personalized eligibility requires borrower-specific review.
National VA Loans is not affiliated with the Department of Veterans Affairs or any government agency.
Last reviewed: September 2026
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Frequently Asked Questions
How much is Chime paying for Stride Bank?
Chime announced a purchase price of approximately $590 million in cash, subject to adjustments contained in the definitive agreement.
When will the Chime and Stride Bank acquisition close?
Chime expects the transaction to close during the first half of 2027. The timing could change depending on regulatory approvals and other closing requirements.
Will Stride Bank become Chime Bank?
If the transaction closes, Chime says Stride Bank will become Chime Bank, N.A. and operate as a wholly owned subsidiary of Chime.
Is National VA Loans now powered by Chime?
Not at this time. National VA Loans is currently powered by Stride Bank, N.A. The agreement does not make Chime the owner of Stride Bank until the proposed transaction closes.
Does the acquisition change VA loan eligibility?
No. The corporate transaction does not change federal VA home loan eligibility, entitlement, Certificate of Eligibility requirements, or other VA program rules. Borrowers must still meet applicable VA and lender requirements.
Do current National VA Loans customers need to do anything?
No action should be taken based solely on the acquisition announcement. Customers with active applications should continue communicating with their assigned National VA Loans mortgage professional and follow official instructions.