Lewis Goodwin to remain President of Green Dot Bank
PASADENA, Calif.--(BUSINESS WIRE)--Aug. 31, 2016--
Green Dot Corporation (NYSE:GDOT) today announced the appointment
of Mary J. Dent as chief executive officer of Green Dot Bank, its wholly
owned bank subsidiary. Ms. Dent will report to Green Dot CEO, Steven
Streit. Lewis Goodwin will remain Green Dot Bank’s president, reporting
to Ms. Dent.
“For the past three years Mary has been an incredible resource as a
member of our holding company board of directors, our bank subsidiary
board of directors and, most recently, chairman of our audit
committee. She has an impressive financial services background with a
deep understanding of the lending marketplace, having served in senior
roles at Silicon Valley Bank and most recently, at Insikt, an innovative
lender serving low income consumers,” said Steve Streit, chief executive
officer and founder of Green Dot Corporation. “We believe her expertise
and background will be beneficial as she works closely with Green Dot
Bank’s long-time President, Lew Goodwin, to further evolve the bank into
a highly successful stand-alone institution. In particular, Mary will be
focused on generating greater revenue from the bank through various
initiatives focused on monetizing its bank charter, its balance sheet
and its deposit product and lending capabilities.”
“Green Dot Bank is in a great position to begin to more significantly
monetize the solid banking platform we’ve built since the bank’s
founding five years ago. In that amount of time, we’ve taken Green Dot
Bank from a small community bank in Provo, Utah with just a few million
dollars in assets into a national banking platform that takes in many
billions in deposits from millions of Green Dot Bank issued card program
customers,” said Goodwin. “I’m looking forward to working closely with
Mary on taking Green Dot Bank to the next level.”
“I am honored to have this opportunity to work more closely with Steve
and Lew and could not be more excited about Green Dot Bank’s unique
platform,” said Mary Dent, chief executive officer, Green Dot Bank.
“Green Dot Bank is such an important institution because it sits atop a
fintech powerhouse holding company that potentially allows it to do
things on a nationwide scale few other banks could do. With our recent
regulatory approval to enter the consumer lending marketplace with a
secured credit card program and the potential opportunity to broaden our
product selection and investment portfolio, we are in an exceptional
position to drive growth for the bank on a stand-alone basis and for
Green Dot Corporation on a consolidated basis.”
Ms. Dent holds a B.A. in economics from the University of California,
Los Angeles and a J.D. from Stanford Law School. Based on her
appointment as CEO of Green Dot Bank, Ms. Dent has resigned as a member
of Green Dot’s Board of Directors, but will remain on the board of Green
Dot Bank as an executive member.
About Green Dot
Green Dot Corporation, along with its wholly owned subsidiary bank,
Green Dot Bank, is a bank holding company regulated by the Board of
Governors of the Federal Reserve System and the Utah Department of
Financial Institutions. Green Dot is widely recognized as the inventor
of 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 leading financial technology
company and the largest processor of tax refund disbursements in the
U.S. through its wholly owned subsidiary, TPG. Green Dot is also a
leading provider of mobile banking with its GoBank checking account sold
at retailers nationwide and through integrated technology partners.
Green Dot's products and services are available to consumers through a
distribution network of more than 100,000 U.S. locations, as well as
online, in the leading app stores and through leading online tax
preparation providers. Headquartered in Pasadena, Calif., it has
additional facilities throughout the United States and in Shanghai,
China.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160831005305/en/
Source: Green Dot Corporation
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