Law Offices of Frank R. Cruz is continuing an investigation into Coastal Financial Corporation over possible federal securities-law violations after the company disclosed a $68.8 million credit expense tied to a single CCBX partner relationship. Coastal reported a second-quarter 2026 net loss of $42.1 million, or $2.76 per diluted common share, compared with net income of $12.0 million, or $0.78 per share, in the prior quarter, according to the new announcement. The stock fell $30.75, or 43.52%, to close at $39.91 on July 30, 2026. Bleichmar Fonti & Auld LLP had separately announced an investigation into Coastal’s disclosures concerning CCBX partner relationships and its banking-as-a-service business.