The Online Investor
Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sat., Apr. 17, 1:43 PM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #35. Green Dot Walmart MoneyCard Portfolio from GE Capital Retail Bank

Acquirer: Green Dot (NYSE:GDOT)
Acquiree: Walmart MoneyCard Portfolio from GE Capital Retail Bank
Details: Green Dot Corporation announced that its subsidiary bank, Green Dot Bank, received required regulatory approvals from the Board of Governors of the Federal Reserve System and the Utah Department of Financial Institutions related to the pending acquisition of the legacy Walmart MoneyCard Portfolio from GE Capital Retail Bank. The consummation of the transaction is subject to closing conditions, including, among other things, the Department of Justice's required 15-day waiting period. The transaction is expected to close during the first quarter of 2014.

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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Company Name: 
Green Dot Corp
Stock buyback: 
GDOT buyback
Website: 
www.greendot.com
Sector: 
Credit Services & Lending
Number of ETFs Holding GDOT: 
54
Total Market Value Held by ETFs: 
$503.00M
Total Market Capitalization: 
$2.46B
% of Market Cap. Held by ETFs: 
20.44%
 

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Buy (2.78 out of 4)
17th percentile
(ranked lower than approx. 83% of all stocks covered)

Analysts' Target Price:
GDOT Stock Forecast

Based on Zacks ABR data;
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