Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee

Share

 

Posted May 25, 2021

 

Green Dot, a prepaid card issuer that entered the tax refund processing business seven years ago, announced a $165 million acquisition Friday that would expand its presence in the tax segment.

The Pasadena, California-based company agreed to purchase the assets and operations of Republic Bank’s tax refund solutions business unit. The two companies expect the cash acquisition to close in the fourth quarter, they said in a press release.

Under the deal, Louisville, Kentucky-based Republic will provide transition services to Green Dot during 2022. The companies said that Green Dot plans to retain Republic employees who are primarily dedicated to the tax refund solutions segment, while other employees will stay at the Kentucky bank to manage remaining business lines within its Republic Processing Group.


TO READ THE FULL STORY

buttonsubscribe   buttonsignin

 

WHY?

Only B2BAmericanSoutheast.com members have access to curated Southeast news for technology, fintech, growth and exporting specifically for the 27 major cities in the regional states of Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee. It’s about the executives and the decisions that result in the business activities that make the American Southeast the strong economic powerhouse – even stronger. Subscribe now!

 


 

Terms of Service Privacy Policy Site Map
Copyright @ 2021 Globalspeak, All Rights Reserved