Search Results for "Green Dot Corporation"
2 results for "Green Dot Corporation"
Deals 2
CommerceOne Acquires Green Dot Bank to Form Sponsor Bank Holding Company
CommerceOne Financial is acquiring Green Dot Bank's charter and ~$5 billion in assets to create a new publicly traded bank holding company. Simultaneously, Smith Ventures is acquiring Green Dot's non-bank fintech operations for $690 million. A seven-year exclusive agreement positions CommerceOne as the sponsor bank for the fintech business. The deals are expected to close in Q2 2026 pending regulatory approval.
Green Dot Acquires Republic Bank's Tax Refund Solutions Business for $165M
Green Dot Corporation agreed to acquire Republic Bank & Trust Company's Tax Refund Solutions (TRS) business for approximately $165 million in cash. Republic Bank serves as a sponsor bank in fintech contexts, providing banking services like tax refund processing. The deal was expected to close in Q4 2021 with Republic Bank providing transition services through 2022.