S&C Advises CommerceOne Financial on Acquisition of Green Dot Corporation

"S&C advised CommerceOne Financial on its agreement to acquire Green Dot Corporation, including Green Dot Bank and related assets, in a transaction implied at $825 million–$1.1 billion. The combined business will form a new publicly traded bank holding company that will serve as the fintech’s exclusive issuing bank."

S&C advised CommerceOne Financial in connection with its agreement to acquire Green Dot Corporation. CommerceOne Financial has agreed to acquire Green Dot Corporation, a financial technology platform and registered bank holding company that provides banking and payment solutions. The implied aggregate value of the transaction is estimated to be between $825 million and $1.1 billion. CommerceOne will acquire Green Dot Bank and its associated assets and operations. Together, they will form a new publicly traded bank holding company that will serve as the fintech’s exclusive issuing bank. CommerceOne Financial is the parent company of CommerceOne Bank, a full-service commercial and private bank headquartered in Birmingham, Alabama. S&C represented CommerceOne Financial with a team composed by: Stephen Salley, Rodge Cohen, Danny Rua and Jinny Lee. Kristen Klein and Rebecca Rabinowitz advised on executive compensation matters. Mehdi Ansari and KJ Lim advised on intellectual property matters. Tessa Lee and James Jang advised on tax matters.

S&C Advises CommerceOne Financial on Acquisition of Green Dot Corporation

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