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Green Dot (GDOT) to Acquire Wal-mart (WMT) Prepaid Cards Agreement from GE Bank

June 10, 2013 8:46 AM EDT

On June 7, 2013, GE Capital Retail Bank and Green Dot Bank, the subsidiary bank of Green Dot Corporation (NYSE: GDOT), entered into an Agreement to Purchase Assets and Assume Liabilities.

Pursuant to the Agreement, Green Dot Bank has agreed to acquire from GE Bank the reloadable prepaid cards (Cards) bearing the marks of Walmart (NYSE: WMT) issued... More