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Announced

SoFi to acquire Golden Pacific Bancorp for $22m.

Synopsis

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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