Green Dot shareholders approve pending CommerceOne deal at special meeting

Green Dot Corporation Class A

Green Dot Corporation Class A

GDOT

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  • Green Dot shareholders met on Jun. 23, 2026, voting to adopt the previously announced transaction involving CommerceOne and Smith Ventures.
  • The shareholder proposal to approve the transaction was adopted.
  • The vote authorized the deal structure, not completion; the transaction remains pending and is expected to close in Q3 2026.
  • Under the approved plan, CommerceOne would acquire Green Dot Bank and form a new publicly traded bank holding company owning CommerceOne Bank and Green Dot Bank.
  • Smith Ventures would acquire and privatize Green Dot’s non-bank fintech operations, with Green Dot Bank set to be the exclusive issuing bank under a long-term agreement.


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