Green Dot Acquired by CommerceOne Financial | Financial Services M&A Deal

CommerceOne Financial acquires Green Dot, a payments processing business in Utah, for $11.80. Green Dot provides non-bank financial technology and related operations that support payments processing, while CommerceOne Financial retains Green Dot Bank and its bank-related assets and operations. The acquisition is structured as a merger acquisition in financial services M&A, with CommerceOne Financial acquisitions of Green Dot’s payments technology via a separation agreement and a newly formed Delaware payments buyer. CommerceOne Financial, a strategic buyer, has agreed to the merger acquisition under a Merger Agreement dated November 23, 2025, with the deal pending approvals as announced.