Company: GDOT
Filing Date: 2025-11-24
Form Type: 425
Source: 0001140361-25-043029
Chunk: 28

Company: GREEN DOT CORP
Filing Date: 2025-11-24
Form: 425
Chunk 28
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One Financial Corporation (“C1” or the “Company”) is a bank holding company. CommerceOne Bank (“C1 Bank”) is a state-chartered commercial bank headquartered in Birmingham, AL and is primarily regulated by the FDIC Founded in 2018, the Company is primarily engaged in commercial banking operations offering a variety of lending solutions, deposit products, and cash flow management services to businesses in multiple sectors The Company operates via a branch-lite model (headquarters and single branch), with a commercially-focused business development team that seeks to generate new business and serve in a relationship management capacity In addition to its commercial business, C1 also offers both deposit accounts (checking / savings) and secured loans to consumers with a focus on Private Banking relationships C1 has only experienced one NCL event in its history, and has never reported a net charge-off ratio in excess of 0.75% The Company has grown its earnings at a 47% CAGR since 2020 Company Description By the Numbers ~$840mm Total Assets ~$745mm Total Deposits ~$85mm Tangible Book Value ~$12mm LTM Net Income ~15% LTM ROATCE ~12% MRQ CET1 Ratio ~40% LTM Efficiency Ratio ~47% Net Income CAGR Since 2020 LTM as of Sept. 2025 Earning Asset / Deposit Mix 6.5% Total Yield 3.0% Cost of Funds 3.7% NIM Earning Assets Deposits Commercial Deposit Loans Checking, Savings Ancillary Cash Flow Mgmt. & Analysis Services Term Loans, Equipment Loans, Working Capital LOC, CRE, SBA, Specialty Vehicle Consumer Deposit Loans Checking, Savings, Money Market Home Equity Line, Home Equity Loan, Construction Loan, LOC 21 Product Suite Construction 1-4 Family and HELOC Multifamily and CRE C&I Consumer Other Cash and Securities 7% 17% 32% 27% 2% 17% 32% 63% MMDA & Savings Demand 5% Time Green Dot Corporation Scaling Beyond the Community Bank Model CommerceOne Bank ranks #1 in average profitability and organic growth when compared to its national de novo bank peers Market-Leading Profitability Best-in-Class Efficiency Robust Asset Generation 1.5% Avg. ROA vs 1.0% Peer Median $745mm Deposits / Branch vs $150mm Peer Median 2022-2025 LTM Avg. Outside of its HQ, C1 has 1 Branch