Smith Ventures and CommerceOne Financial to Acquire Green Dot’s Fintech and Bank Assets
November 24, 2025
Green Dot Corporation has entered into agreements to be split and acquired in two parts: Smith Ventures will acquire and privatize Green Dot’s non-bank fintech technology business, while CommerceOne will acquire Green Dot Bank and form a new publicly traded bank holding company. The transactions are expected to close in the second quarter of 2026 and are subject to shareholder and regulatory approvals.
- Buyers
- Smith Ventures LLC, CommerceOne Financial Corporation
- Targets
- Green Dot Corporation, Green Dot Bank
- Platforms
- Green Dot Corporation
- Industry
- Financial Services
- Location
- Utah, United States
- Transaction Type
- Divestiture
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