Grasshopper Bancorp to merge with Auto Club Trust.

Grasshopper Bancorp, a digital bank built for the business and innovation economy, agreed to merge with Auto Club Trust, a federally chartered savings bank. Financial terms were not disclosed. “This transaction brings together Grasshopper Bank’s premier digital platform with Auto Club Trust, a bank known for providing AAA members in the ACG territory with a great experience across a myriad of offerings. We look forward to adding Grasshopper Bank’s award-winning digital banking experience to Auto Club Trust’s existing marketing strategy, while expanding the consumer and business products provided to this community over time,” Michael Butler, Grasshopper and Grasshopper Bank’s Chairman and Chief Executive Officer.