SoFi Announces Agreement to Acquire Golden Pacific Bancorp, Inc.
Retrieved on:
Tuesday, March 9, 2021
Social Finance, Inc. (SoFi), the digital personal finance company, today announced that it has signed a definitive agreement to acquire Golden Pacific Bancorp, Inc. (OTCPK: GPBI) and its wholly owned subsidiary Golden Pacific Bank, N.A.
Key Points:
- Social Finance, Inc. (SoFi), the digital personal finance company, today announced that it has signed a definitive agreement to acquire Golden Pacific Bancorp, Inc. (OTCPK: GPBI) and its wholly owned subsidiary Golden Pacific Bank, N.A.
- As a result of the proposed acquisition, SoFi will switch its current de novo bank application to a change of control application.
- SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.
- Golden Pacific Bancorp, Inc. conducts business through its banking subsidiary, Golden Pacific Bank, N.A.