As previously disclosed, on May 13, 2021, Green Dot Corporation (the "Company") entered into an Asset Purchase Agreement (the "Purchase Agreement") with Republic Bank & Trust Company ("Republic") providing for the purchase by the Company, upon the terms and subject to the conditions set forth therein, of substantially all of the assets and operations of Republic's Tax Refund Solutions business (such transaction, the "Sale Transaction").
On October 4, 2021, the Company announced that it has been unable to obtain the Federal Reserve's approval of or non-objection to the Sale Transaction. As a result, the Sale Transaction will not be consummated.
Green Dot Corporation published this content on 05 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2021 12:08:13 UTC.