Company: GDOT
Filing Date: 2025-11-24
Form Type: 425
Source: 0001140361-25-043029
Chunk: 9

Company: GREEN DOT CORP
Filing Date: 2025-11-24
Form: 425
Chunk 9
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 an ideal complement to CommerceOne’s value proposition and vision for our future, which are centered on trust and exceptional client experiences – critical components to building a diversified, sustainable, growth-enabled banking model. We also look forward to expanding our talent base and becoming the exclusive issuing bank for the fintech, a business we believe holds significant, mutually beneficial growth and expansion opportunities.” William I. Jacobs, Chairman of the Board and Interim CEO of Green Dot, added: “This marks an exciting milestone for Green Dot and presents tremendous opportunity for the business and its shareholders, customers and employees. Through these transactions, management can focus on unlocking and maximizing the potential of the fintech business and take a more focused approach to reinforcing, sustaining and growing the bank. We look forward to sharing more on our plans and progress in the near future.” Strategic Rationale to Acquire and Privatize Green Dot’s Fintech Business**

| • | Smith Ventures LLC will streamline the Green Dot non-bank businesses into a highly efficient embedded finance company. |

| • | Along with Green Dot’s leading technology platform and compelling customer base, Smith Ventures will benefit from the experience and talents of the financial technology company’s existing human capital. |

| • | Separating from the bank creates additional opportunities for the embedded finance company while the long-term commercial relationship with CommerceOne preserves the company’s ability to serve its customers effectively. |

**Strategic Rationale for CommerceOne’s Merger with Green Dot Bank**

| • | This transaction unlocks a leading sponsor banking platform supporting Green Dot’s current expansive fintech and embedded finance business, with opportunity to increase market share as a trusted sponsor bank to other partners going 
 forward.                                                                                                                                                                                                                                |

| • | The pairing joins Green Dot Bank’s highly efficient deposit-gathering platform with CommerceOne Bank’s robust asset generation capabilities. |

**1**

| • | The long-term exclusive commercial agreement with the embedded finance company preserves significant future growth potential for Green Dot’s shareholders. |

| • | The combined company will have a more diversified revenue mix, an enhanced infrastructure and compliance profile, and an improved capital position to unlock growth and product development opportunities. |

**The transactions will occur concurrently and are subject to the receipt of required shareholder and regulatory approvals and other customary closing conditions. They are expected to close in the second quarter of 2026. T eleconference / Webcast Information Senior management will host a conference call to discuss the acquisition on Monday, Nov. 24, 2025 at 8:30 a.m. ET to discuss the strategic