Acquiring Company
CommerceOne Financial
Acquired Company
Green Dot
AlabamaProvoFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceFintechLendingBankingDescription
CommerceOne Financial has agreed to acquire Green Dot in a merger-spinoff deal. Green Dot Bank will merge into CommerceOne, enhancing the financial institution's profitability through access to cheaper deposits. Shareholders of Green Dot will receive cash and shares in the new bank following the completion of the transaction. The merger aims to create a high-return bank with significant growth potential.
M&A Insights
Based on deal dataFrequently asked
Who acquired Green Dot?
Green Dot was acquired by CommerceOne Financial, based in Alabama. The deal was reported on August 10, 2026. CommerceOne Financial is a bank that specializes in business loans. The institution is focused on providing financial services to businesses, leveraging its expertise in the banking sector. CommerceOne Financial is privately held and operates in Financial Services.
When did CommerceOne Financial acquire Green Dot?
CommerceOne Financial's acquisition of Green Dot was reported on August 10, 2026. CommerceOne Financial has agreed to acquire Green Dot in a merger-spinoff deal. Green Dot Bank will merge into CommerceOne, enhancing the financial institution's profitability through access to cheaper deposits. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Green Dot do?
For more information, visit https://ir.greendot.com. Green Dot Corporation (NYSE: GDOT) is a financial technology and registered bank holding company committed to giving all people the power to bank seamlessly, affordably, and with confidence. It is publicly traded (GDOT), operating in Financial Services, and is based in Provo.