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New Deal


Announced

SoFi to acquire Golden Pacific Bancorp for $22m.

Financials

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Transaction Value£16m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

United States

Banks

Public

Pending

bank holding company

Domestic

Single Bidder

Majority

Synopsis

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SoFi, the digital personal finance company, agreed to acquire Golden Pacific Bancorp, a Sacramento, California-based community bank, for $22m. "We believe that by pursuing a national bank charter, we will be able to help even more people get their money right with enhanced value and more products and services. We are thrilled to have found a partner in Golden Pacific Bank to both accelerate our pursuit to establish a national bank subsidiary, as well as begin to expand our offerings in SoFi’s financial products and Galileo’s technology platform to serve local communities. We look forward to working with Virginia and her team," Anthony Noto, SoFi CEO.

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