SoFi Technologies Acquires Golden Pacific Bancorp, Inc.

February 2, 2022

SoFi Technologies, Inc. completed its acquisition of Golden Pacific Bancorp, Inc. and its subsidiary Golden Pacific Bank, N.A., a Sacramento-based community bank with approximately $150 million in assets and three branches. The bank has been renamed SoFi Bank, N.A.; SoFi will contribute $750 million in capital, pursue a national digital bank strategy, and roll out SoFi checking and savings products with competitive APYs while maintaining Golden Pacific's community banking footprint and leadership.

Buyers
SoFi Technologies, Inc.
Targets
Golden Pacific Bancorp, Inc., Golden Pacific Bank, National Association
Sellers
Shareholders of Golden Pacific Bancorp, Inc.
Location
California, United States
Transaction Type
Buyout

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