Green Dot inks deals splitting bank, fintech business

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Embedded finance company Green Dot said Monday it has entered into acquisition agreements with Smith Ventures and CommerceOne Financial Corp., with the private equity firm acquiring Green Dot’s nonbank fintech business, and the parent company of CommerceOne Bank acquiring its Green Dot Bank assets. Smith Ventures will buy Provo, Utah-based Green Dot’s ...