Enova International to Acquire Grasshopper Bank for $369 Million

December 11, 2025

Enova International signed a definitive agreement to acquire Grasshopper Bancorp, Inc. and its wholly owned subsidiary Grasshopper Bank N.A. in a cash-and-stock transaction valued at approximately $369 million. The deal is expected to close in the second half of 2026, pending Grasshopper stockholder approval and regulatory approvals.

Buyers
Enova International, Inc.
Targets
Grasshopper Bancorp, Inc., Grasshopper Bank N.A.
Location
New York, United States
Transaction Type
Buyout

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