Business AcquisitionGreen Dot announced that Smith Ventures will acquire and take private the nonbank fintech business, while CommerceOne will acquire the bank assets and become a publicly traded bank holding company.
Financial PerformanceCommerceOne is a business-focused bank that has grown earnings at a 47% annual clip since 2020, and the business is expected to grow earnings at a 35% clip in 2027-2028.
Strategic PartnershipsNew sales activity has remained strong in 2025, with notable wins including agreements with Crypto.com, Samsung, DolFintech, Credit Sesame, Amscot, Stripe, and a new tax partner.