Program subject to regulatory approval
PASADENA, Calif.--(BUSINESS WIRE)--Jun. 22, 2015--
Green Dot Corporation (NYSE:GDOT) announced that its Board of
Directors authorized the terms of a share repurchase plan, subject to
regulatory approval. Pursuant to the program, the Company is authorized
to repurchase up to $150 million of its common stock.
The Company may repurchase shares on the open market or through
privately negotiated transactions at times and prices considered
appropriate by the Company, at the discretion of management, and subject
to its assessment of market conditions and other economic factors.
About Green Dot
Green Dot Corporation, along with its wholly owned subsidiary bank,
Green Dot Bank, is a pro-consumer financial technology innovator with a
mission to reinvent personal banking for the masses. Green Dot invented
the prepaid debit card industry and is the largest provider of
reloadable prepaid debit cards and cash reload processing services in
the United States. Green Dot is also a leader in mobile technology and
mobile banking with its award-winning GoBank mobile checking account.
Through its wholly owned subsidiary, TPG, Green Dot is additionally the
largest processor of tax refund disbursements in the U.S. Green Dot's
products and services are available to consumers through a large-scale
"branchless bank" distribution network of more than 100,000 U.S.
locations, including retailers, neighborhood financial service center
locations, and tax preparation offices, as well as online, in the
leading app stores and through leading online tax preparation providers.
Green Dot Corporation is headquartered in Pasadena, Calif., with
additional facilities throughout the United States and in Shanghai,
China.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150622006291/en/
Source: Green Dot Corporation
Green Dot Corporation
Investor Relations
Christopher Mammone,
626-765-2427
IR@greendot.com
or
Media
Relations
Brian Ruby, 203-682-8268
PR@greendot.com
