Wohl & Fruchter renews probe into Green Dot proposed sale to CommerceOne Bank, Smith Ventures

Green Dot Corporation Class A

Green Dot Corporation Class A

GDOT

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  • CommerceOne Bank agreed to acquire Green Dot in a two-step deal valuing the consideration at USD 8.11 per share in cash plus 0.2215 shares of a new publicly traded bank holding company that will combine the two firms’ banking businesses.
  • At the same time, the new bank holding company is set to sell Green Dot’s fintech and embedded finance business to Smith Ventures for USD 690 million in cash.
  • A shareholder vote is scheduled for June 23, 2026, following a definitive proxy filing dated May 8, 2026.


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