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
Location
Utah, United States
Transaction Type
Divestiture

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