Green Dot Corporation Buyback
OLI recorded this information on 3/13/2017
Green Dot Corporation
Green Dot Corporation [NYSE: GDOT] today announced that in March 2017 it entered into a definitive agreement with Bank of America Merrill Lynch to purchase a total of $50 million of its Class A common stock under an accelerated stock repurchase transaction, with actual repurchase activity under that agreement being subject to certain conditions that have now been met.
Green Dot is a financial technology and bank holding company. Through its bank, Co. provides financial products to consumers and businesses including debit, prepaid, checking, credit and payroll cards. Co.'s reportable segments are: Account Services, which provides several deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs; and Processing and Settlement Services, which provides several products and services that engaged in facilitating the movement of funds on behalf of consumers and businesses, referred to as Money Processing and Tax Processing services.
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Buy (2.87 out of 4)