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.
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
SoFi Technologies Acquires Technisys
March 4, 2022
Cloud & SaaS
SoFi Technologies, Inc. has completed its acquisition of Technisys S.à.r.l., a cloud-native multi-product core banking platform. The deal will integrate Technisys with SoFi's Galileo business to create an end-to-end, vertically integrated banking technology stack and expand SoFi's addressable market across Latin America and other regions.
-
SoFi Acquires Galileo Financial Technologies
April 7, 2020
Payments & Fintech
SoFi (Social Finance, Inc.) agreed to acquire Galileo Financial Technologies for $1.2 billion in cash and stock. The purchase adds Galileo's payments and banking API platform to SoFi's technology stack to expand its product capabilities and distribution to Galileo partners; Galileo will operate as an independent SoFi subsidiary.
-
Columbia Banking System Acquires Pacific Premier Bancorp
September 2, 2025
Financial Services
Columbia Banking System completed its previously announced acquisition of Pacific Premier Bancorp, bringing Pacific Premier into the Columbia Bank family and rebranding the combined operations under the Columbia name. The deal significantly expands Columbia's presence across Southern California and the broader western U.S., increasing Columbia's assets to approximately $70 billion and creating a combined network of more than 350 locations.
-
Banc of California Acquires Pacific Mercantile Bancorp
March 22, 2021
Financial Services
Banc of California, Inc. (NYSE: BANC) agreed to acquire Pacific Mercantile Bancorp (NASDAQ: PMBC) in an all-stock transaction announced March 22, 2021 and completed on October 18, 2021. The deal was valued at approximately $235 million at announcement (consideration reported at about $226 million at close) and expands Banc of California's Southern California business-banking franchise by adding roughly $1.5 billion in assets, ~$1.3 billion in deposits and ~$980 million in gross loans.
-
SoFi Technologies Acquires Wyndham Capital Mortgage
April 3, 2023
Financial Services
SoFi Technologies, Inc. completed an all-cash acquisition of Wyndham Capital Mortgage to scale its mortgage business by integrating Wyndham's talent and digital mortgage platform. The deal is intended to broaden SoFi's mortgage product suite, improve unit economics and reduce reliance on third-party partners, and is expected to be accretive within six months.
-
First Bancorp Acquires GrandSouth Bancorporation
January 1, 2023
Financial Services
First Bancorp (parent of First Bank) completed its acquisition of GrandSouth Bancorporation (the parent of GrandSouth Bank) effective January 1, 2023 in an all-stock merger (0.91 shares of First Bancorp per GrandSouth share). The deal expands First Bank's presence in South Carolina by adding GrandSouth's eight branches and is expected to accelerate First Bancorp's South Carolina growth, creating a combined company with approximately $12 billion in assets and 118 branches.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.