| Green Dot Corp. Completes Integration with Green Dot Bank |
| Now Issuing Green Dot Prepaid Debit Cards from its Subsidiary |
|
MONROVIA, CA (June 29, 2012) Green Dot Corporation (NYSE:GDOT), has completed a milestone related to its acquisition of Bonneville Bank, renamed Green Dot Bank.
Approximately six months after closing on this acquisition, Green Dot completed an 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."
Source: Green Dot
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