Green Dot

2016 News Releases

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07/21/16Green Dot to Announce Second Quarter 2016 Results on August 4th
PASADENA, Calif.--(BUSINESS WIRE)--Jul. 21, 2016-- Green Dot Corporation (NYSE:GDOT) today announced that it will host a conference call to discuss second quarter 2016 financial results on Thursday, August 4, 2016 at 5:00pm ET. A press release with second quarter 2016 financial results will be issued after the market closes that same day. The conference call can be accessed live over the phone by dialing (888) 348-8307, or for internationa... 
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06/27/16Green Dot Names William I Jacobs Chairman
PASADENA, Calif.--(BUSINESS WIRE)--Jun. 27, 2016-- Fulfilling its recent commitment to separate the Chairman and CEO roles, Green Dot Corporation (NYSE: GDOT) (the “Company”) today announced the appointment of William I Jacobs as Chairman of the Board of Directors effective June 23, 2016. Said Green Dot Founder, Director and CEO Steve Streit: "Bill has been a terrific addition to our Board of Directors. As a long-tenured executive in the p... 
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06/09/16Green Dot Corporation Names Brooke Norton Lais as Chief Marketing Officer
PASADENA, Calif.--(BUSINESS WIRE)--Jun. 9, 2016-- Green Dot Corporation (NYSE: GDOT), a pro-consumer financial technology innovator with a mission to reinvent personal banking for the masses, today announced that it has named Brooke Norton Lais to the position of Chief Marketing Officer. In this role, Ms. Lais will be responsible for creating innovative omnichannel marketing strategies that build and support the Green Dot, Walmart MoneyCar... 
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05/23/16Green Dot Announces Preliminary Results of 2016 Annual Meeting
PASADENA, Calif.--(BUSINESS WIRE)--May 23, 2016-- Green Dot Corporation (NYSE: GDOT) (the “Company”) today announced that, according to preliminary voting tabulations, stockholders have elected Saturnino Fanlo and George W. Gresham to the Company’s Board of Directors. The Company also expects Mr. Steven Streit will be re-elected based on preliminary voting results. Additionally, stockholders voted in favor of all other proposals submitted for a vote at t... 
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05/20/16Green Dot Urges Stockholders to Vote on the WHITE Proxy Card “FOR” its Highly-Qualified and Experienced Directors
May 23rd Annual Meeting Fast Approaching PASADENA, Calif.--(BUSINESS WIRE)--May 20, 2016-- Green Dot Corporation (NYSE:GDOT) (the “Company”) today urged stockholders to vote on the WHITE proxy card today “FOR” the reelection of Green Dot’s highly-qualified and experienced director nominees: Steven W. Streit, Timothy R. Greenleaf and Michael J. Moritz. The Board has also committed to appoint Mr. George W. Gresham to an expanded Board if ... 
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05/17/16Green Dot Issues Clarifying Statement To Shareholders
Clarifies Statement Regarding Glass Lewis Report: Glass Lewis Did Not Recommend a Vote FOR Steven W. Streit But is Not Supportive of Harvest’s Campaign to Remove Mr. Streit as CEO Glass Lewis Recommended Shareholders WITHHOLD From Voting For Harvest Nominees Fanlo and Livingston Green Dot Urges Stockholders to Vote on the WHITE proxy card “FOR” Steven W. Streit, Timothy R. Greenleaf and Michael J. Moritz ... 
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05/17/16Egan-Jones Recommends Green Dot Stockholders Vote “FOR” All Green Dot Director Nominees
- Concludes Voting “FOR” Green Dot’s Director Nominees is in the Best Interest of Stockholders - - Green Dot Urges Stockholders to Follow Egan-Jones’ Recommendation and Vote on the WHITE Proxy Card – - This is the Second Independent Proxy Advisory Firm to Support Green Dot and CEO - PASADENA, Calif.--(BUSINESS WIRE)--May 17, 2016-- Green Dot Corporation (NYSE: GDOT) (the “Company”) today commented on the announcement by ... 
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05/16/16Director Michael Moritz Issues Letter to Green Dot Shareholders
PASADENA, Calif.--(BUSINESS WIRE)--May 16, 2016-- Green Dot Corporation (NYSE:GDOT) (the “Company”) Board member, Michael Moritz, issues the following letter to Green Dot shareholders: Green Dot Stockholders: Green Dot is a financial services company in which Sequoia Capital has been an investor since its days as a small, unknown private business. I am a director of Green Dot and also the Chairman of Sequoia Capital where I have wo... 
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05/16/16Green Dot Announces Proxy Advisory Firm Glass Lewis Supports Chairman and CEO Steven W. Streit
Glass Lewis Recognizes the Company’s Strong and Improving Performance under the Current Board of Directors Green Dot Urges Stockholders to Vote on the WHITE proxy card “FOR” Steven W. Streit, Timothy R. Greenleaf and Michael J. Moritz Company Commits to Further Governance Changes Board Commits To Appointing George Gresham PASADENA, Calif.--(BUSINESS WIRE)--May 16, 2016-- Green Dot Corporation (NYSE:GDOT) (the “Company”... 
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05/13/16Green Dot Sends Letter to Stockholders Comparing Director Nominee Credentials
- Believes Incumbent Director Nominees Stand Head and Shoulders Above Dissident’s Nominees - - Urges Stockholders to Vote on the WHITE proxy card “FOR” Green Dot’s Three Experienced and Highly-Qualified Nominees - PASADENA, Calif.--(BUSINESS WIRE)--May 13, 2016-- Green Dot Corporation (NYSE:GDOT) (the “Company”) today issued a letter to stockholders comparing the credentials of its experienced and highly-qualified director nominees aga... 
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05/12/16Green Dot Launches Green Dot Money: An Online Marketplace Connecting Lenders with Borrowers
PASADENA, Calif.--(BUSINESS WIRE)--May 12, 2016-- Green Dot Corporation (NYSE:GDOT) today announced the launch of Green Dot Money, an online marketplace that seeks to match low and moderate income consumers with a curated set of lending partners that specialize in serving low and moderate income Americans. The loans are made by third party lenders who are members of the marketplace. Green Dot does not use its balance sheet to fund the loans nor do... 
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05/12/16Green Dot Disagrees with Proxy Advisory Firm ISS’ Analysis
- Urges Stockholders to Vote on the WHITE proxy card “FOR” Green Dot’s Three Experienced and Highly-Qualified Nominees - PASADENA, Calif.--(BUSINESS WIRE)--May 12, 2016-- Green Dot Corporation (NYSE:GDOT) (the “Company”) today issued the following statement in response to a May 11, 2016 report from Institutional Shareholder Services (“ISS”) relating to the election of directors to Green Dot’s Board of Directors at the Company’s May 23, 2016 An... 
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05/10/16Green Dot Files Investor Presentation
- Urges Shareholders to Vote on the WHITE proxy card “FOR” Green Dot’s Three Experienced and Highly-Qualified Nominees - - Six-Step Plan Already Creating Shareholder Value - - Dissident’s Board Slate of Unsuitable Candidates Puts Green Dot’s Plan and Shareholder Value at Significant Risk - PASADENA, Calif.--(BUSINESS WIRE)--May 10, 2016-- Green Dot Corporation (NYSE:GDOT) (the “Company”) today announced that it has filed an inv... 
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05/04/16Green Dot Reports First Quarter 2016 Non-GAAP Total Operating Revenues of $228.2M
Including unusual incremental launch expenses, the Company reports adjusted EBITDA of $78.3M and non-GAAP EPS of $0.78 Excluding unusual incremental launch expenses, the Company reports adjusted EBITDA of $80.2M and non-GAAP EPS of $0.80 PASADENA, Calif.--(BUSINESS WIRE)--May 4, 2016-- Green Dot Corporation (NYSE:GDOT), today reported financial results for the first quarter ended March 31, 2016. For the fi... 
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04/18/16Green Dot Files Definitive Proxy Statement and Sends Letter to Shareholders
Urges Shareholders to Vote “FOR” the Election of Green Dot’s three Highly Qualified Nominees on the WHITE Card 2016 Annual Meeting Materials Now Available at www.GDOTValue.com PASADENA, Calif.--(BUSINESS WIRE)--Apr. 18, 2016-- Green Dot Corporation (NYSE:GDOT) (the “Company”) today announced it has filed with the Securities and Exchange Commission (“SEC”) its definitive proxy materials in connection with the Company’s 2016 Annual Meeting of ... 
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04/18/16Green Dot Launches MoneyPak for Reloading Prepaid Cards with Cash
PASADENA, Calif.--(BUSINESS WIRE)--Apr. 18, 2016-- Green Dot Corporation (NYSE:GDOT) today announced that the company’s MoneyPak reload product is now available for purchase at retailers nationwide. The return of MoneyPak to store shelves in the first half of 2016 fulfills one of Green Dot’s initiatives in its publicly stated “Six Step Plan to achieve $1.75 in non-GAAP EPS in 2017.” MoneyPak can be purchased by the consumer and rung up by the cas... 
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04/18/16Green Dot to Announce First Quarter 2016 Results on May 4th
PASADENA, Calif.--(BUSINESS WIRE)--Apr. 18, 2016-- Green Dot Corporation (NYSE: GDOT) today announced that it will host a conference call to discuss first quarter 2016 financial results on Wednesday, May 4, 2016 at 5:00pm ET. A press release with first quarter 2016 financial results will be issued after the market closes that same day. The conference call can be accessed live over the phone by dialing (888) 348-8307, or for international c... 
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04/11/16Green Dot Names Three New Independent Directors to its Board
Non-Independent Director Sam Altman Steps Down to Make Room for Additional Independent Members PASADENA, Calif.--(BUSINESS WIRE)--Apr. 11, 2016-- Green Dot Corporation (NYSE: GDOT) (the “Company”) today announced that it has appointed three new independent directors, J. Chris Brewster, Rajeev V. Date and William I. Jacobs to the Company’s Board of Directors, effective immediately. Green Dot also announced today that current non-indepen... 
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04/11/16Green Dot to Repurchase $50 Million of Class A Common Stock
Company has now repurchased $100 million of its Class A Common stock since September of 2015 PASADENA, Calif.--(BUSINESS WIRE)--Apr. 11, 2016-- Green Dot Corporation (NYSE:GDOT), today announced that in February 2016, 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 tha... 
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03/31/16Green Dot Successfully Completes Next Wave of Its Processor Migration Project
Nearly 50 Million Account Files Have Now Successfully Been Migrated PASADENA, Calif.--(BUSINESS WIRE)--Mar. 31, 2016-- Green Dot Corporation (NYSE:GDOT) today announced that it successfully migrated an additional 15 million account files to the MasterCard Payment Transaction Services (PTS) processing platform during the second planned conversion wave which was completed earlier this month. Including the first wave of account migrations, this brings t... 
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03/31/16Walmart’s Family of Cards Makes it as Easy as 3-2-1 to Manage Finances for Less
BENTONVILLE, Ark.--(BUSINESS WIRE)--Beginning tomorrow, Walmart Credit Card and Walmart MoneyCard holders will have a new tool to help them keep more money in their pocket. It’s as easy as 3-2-1. The new, simplified rewards value proposition – 3-2-1 Save – brings even more value to the everyday purchases customers make using the Walmart family of credit and prepaid cards, issued and administered by Synchrony Banki (NYSE: SYF) and Green Dot Bankii (NYSE: GDOT),... 
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03/22/16Green Dot Honored at the 2016 PYMNTS Innovator Awards
GoBank Wins in Best Check Innovation Category PASADENA, Calif.--(BUSINESS WIRE)--Mar. 22, 2016-- Green Dot Corporation (NYSE:GDOT) today announced that its GoBank mobile checking account was honored at the 2016 PYMNTS Innovator Awards in the Best Check Innovation category. Announced at a live ceremony and awards dinner on March 17, 2016, GoBank was presented with the category’s bronze award for its introduction of pre-authorized check-w... 
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03/17/16Green Dot and Uber Announce "Uber Checking by GoBank®"
Integrated into the Uber Driver Mobile App, "Uber Checking by GoBank" enables driver-partners to get their pay instantly deposited on their own business checking account PASADENA, Calif.--(BUSINESS WIRE)--Mar. 17, 2016-- Today, Green Dot Corporation (NYSE:GDOT) and Uber announced a customized business account version of Green Dot's award winning GoBank mobile checking account for Uber’s driver-partners. Uber Checking by GoBank provides... 
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03/14/16Green Dot Issues Statement Regarding Harvest Capital’s Nomination of Directors
PASADENA, Calif.--(BUSINESS WIRE)--Mar. 14, 2016-- Green Dot Corporation (NYSE:GDOT) (the “Company”) today issued the following statement regarding Harvest Capital Strategies LLC’s (“Harvest Capital”) nomination of three candidates for election to Green Dot’s Board of Directors at the Company’s 2016 Annual Meeting of Stockholders. “Green Dot respects and values input from all shareholders. To that end, the Nominating and Corporate Governance Comm... 
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03/03/16Green Dot Responds to Letter from Harvest Capital
PASADENA, Calif.--(BUSINESS WIRE)--Mar. 3, 2016-- Green Dot (NYSE:GDOT) today issued the following statement in response to a letter its Board of Directors received from Harvest Capital, a subsidiary of JMP Group LLC (NYSE: JMP), on March 3, 2016: Green Dot deeply respects and values input from all of our shareholders and, as previously stated, we certainly respect and value the opinions and views offered by Harvest Capital Strategies. We have re... 
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02/24/16Green Dot Reports Fourth Quarter 2015 Non-GAAP Total Operating Revenues of $151.0M, Adjusted EBITDA of $12.7M and Non-GAAP EPS of $0.06
Receives Regulatory Approval to Engage in Consumer Lending Provides 2016 Outlook PASADENA, Calif.--(BUSINESS WIRE)--Feb. 24, 2016-- Green Dot Corporation (NYSE:GDOT), today reported financial results for the fourth quarter ended December 31, 2015. For the fourth quarter of 2015, Green Dot reported GAAP revenue of $150.9 million, non-GAAP total operating revenues1 of $151.0 million and adjusted EBITDA of $12.7 million. Green Dot... 
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01/27/16Green Dot Wins Three Categories in 2016 Pay Awards Including the Prestigious Judges’ Choice Category
PASADENA, Calif.--(BUSINESS WIRE)--Jan. 27, 2016-- Green Dot Corporation (NYSE:GDOT) today announced it has been chosen by Paybefore as a 2016 Pay Awards winner in three categories for its mobile bank account, GoBank, and industry-leading reload network, the Green Dot Network. Awards include: “Judges’ Choice” – PayPal Cash powered by Green Dot @ the Register: This special category which cannot be entered, was cr... 
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01/25/16Green Dot Comments on Letter from Harvest Capital
PASADENA, Calif.--(BUSINESS WIRE)--Jan. 25, 2016-- Green Dot (NYSE:GDOT) today issued the following statement in response to a letter its Board of Directors received from Harvest Capital: “Green Dot maintains a very active dialogue with our shareholders and welcomes their input as a part of our commitment to continually evaluate options to enhance long-term value and to act in the best interests of all our shareholders. Members of Green Dot’s Boa... 
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01/21/16Green Dot to Announce Fourth Quarter 2015 Results on February 24th
PASADENA, Calif.--(BUSINESS WIRE)--Jan. 21, 2016-- Green Dot Corporation (NYSE:GDOT) today announced that it will host a conference call to discuss fourth quarter 2015 financial results on Wednesday, February 24, 2016 at 5:00 pm ET. A press release with fourth quarter 2015 financial results will be issued after the market closes that same day. The conference call can be accessed live over the phone by dialing (888) 348-8307, or for interna... 
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