M&A Deal Summary

Green Dot Acquires Bonneville Bancorp

On November 23, 2011, Green Dot acquired financial services company Bonneville Bancorp for 16M USD

Acquisition Highlights
  • This is Green Dot’s 1st transaction in the Financial Services sector.
  • This is Green Dot’s 4th largest (disclosed) transaction.
  • This is Green Dot’s 1st transaction in the United States.
  • This is Green Dot’s 1st transaction in Utah.

M&A Deal Summary
Date 2011-11-23
Target Bonneville Bancorp
Sector Financial Services
Buyer(s) Green Dot
Deal Type Add-on Acquisition
Deal Value 16M USD

Target

Bonneville Bancorp

Provo, Utah, United States
Bonneville Bancorp is the holding company of Bonneville Bank, a single-office, FDIC-insured commercial bank located in Provo, Utah.

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Buyer(S) 1

Buyer

Green Dot

Pasadena, California, United States
Category Company
Founded 1999
Sector Financial Services
Employees1,200
Revenue 1.5B USD (2023)
DESCRIPTION
Green Dot's corporate headquarters in Pasadena, California.
Green Dot's corporate headquarters in Pasadena, California.

Green Dot is an issuer of prepaid master and visa cards that provides reloading services. Green Dot Bank focuses on serving low and moderate income families with financial products and services, including prepaid cards, checking accounts and cash processing services distributed through a network of retail stores, neighborhood financial service centers and via digital channels. Green Dot was founded in 1999 and is based in Pasadena, California.

DEAL STATS #
Overall 1 of 6
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 6
State (Utah) 1 of 1
Country (United States) 1 of 6
Year (2011) 1 of 1
Size (of disclosed) 4 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-24 eCommLink

Las Vegas, Nevada, United States

e-CommLink is a provider of prepaid debit card transaction processor that enables program managers and financial institutions to maximize revenue from their prepaid debit programs.

Buy $3M
Mergr

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