Now issuing Green Dot brand prepaid debit cards from its subsidiary
bank
MONROVIA, Calif.--(BUSINESS WIRE)--Jun. 28, 2012--
Green Dot Corporation (NYSE: GDOT), has completed a key milestone
related to its acquisition of Bonneville Bank, renamed Green Dot Bank.
Approximately six months after closing on this acquisition, Green Dot
successfully completed a highly complex enterprise-wide integration
project to facilitate the issuance of the Company's suite of MasterCard
and Visa prepaid debit card products from its own bank. Issuance of the
first cards from Green Dot Bank began earlier this month.
“For those who understand the operational complexity of retail banking
and technology, the difficulty of such an integration project is well
known,” said Steve Streit, Chairman and CEO, Green Dot Corporation. “I'm
pleased with our on-time completion of this milestone project and am
very proud of our team leaders throughout the Green Dot organization who
worked to create this achievement."
About Green Dot
Green Dot is a publicly traded (NYSE:GDOT) bank holding company
regulated by the Board of Governors of the Federal Reserve System. The
Company provides widely distributed, low cost banking and payment
solutions to a broad base of U.S. consumers. Green Dot's products and
services include its market leading category of General Purpose
Reloadable (GPR) prepaid cards and its industry-leading cash transfer
network which are available directly to consumers online and through a
network of approximately 60,000 retail stores nationwide where 95% of
Americans shop. Green Dot is headquartered in the greater Los Angeles
area. For more details, visit www.greendot.com.
Source: Green Dot Corporation
Investor Relations
Christopher Mammone, 626-739-3942
IR@greendot.com
or
Media
Relations
Liz Brady, 646-277-1226
