Merger • Financial Services

GBank Acquires BankCard Services

On December 14, 2023, GBank acquired financial services company BankCard Services

Acquisition Context

This is GBank’s 1st transaction in the Financial Services sector.
This is GBank’s 1st transaction in the United States.
This is GBank’s 1st transaction in Nevada.

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M&A Deal Summary
Date	December 14, 2023
Target	BankCard Services
Sector	Financial Services
Buyer(s)	GBank
Deal Type	Merger

Target Company

BankCard Services

Las Vegas, Nevada, United States

BankCard Services provides the bank necessary, g-bank, to issue the discover general reloadable prepaid card, branded for each of sightline distributors. BankCard Services was formed in 2014 and is based in Las Vegas, Nevada.

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Buyer Overview 1

Buyer

GBank

Las Vegas, Nevada, United States

Category	Company
Founded	2007
Sector	Financial Services
Employees	175
Revenue	45M USD (2023)

DESCRIPTION

GBank operates two full-service commercial branches in Las Vegas, Nevada, with primary lending activities focused on engaging clients. GBank also provides general commercial banking services with an emphasis on serving the needs of small- and medium-sized businesses, high net worth individuals, professionals, and investors. GBank also offers a full complement of consumer deposit products. GBank was founded in 2007 and is based in Las Vegas, Nevada.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Financial Services	1 of 1
Type: Merger	1 of 1
State: Nevada	1 of 1
Country: United States	1 of 1
Year: 2023	1 of 1

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