GBank, a subsidiary of GBank Financial Holdings Inc. (OTCPK:GBFH), has said that its board has formed a subcommittee comprising four entirely disinterested directors to explore the potential merger of Bankcard Services, LLC and the GBank. According to the bank, this disinterested board subcommittee has been given the responsibility to review any proposed transaction and is authorised to engage a third party to provide a fairness opinion regarding any potential transaction. BankCard Services, Llc and GBank had entered into a sponsorship and program management agreement in 2015, with subsequent amendments, whereby GBank agreed to sponsor certain prepaid programs and BCS agreed to act as program manager for those prepaid programs. BCS developed its proprietary 'Pooled Player Account Powered by PIMS' and the 'Pooled Customer Account Powered by CIMS,' which provide the Pooled Account structure with FDIC-insured individual player ledger accounts that allow digital cashless transactions for clients' customers.