Green Dot terminates acquisition of Republic's Tax Refund Solutions business after Fed denial

GREEN DOT CORP

On Oct 4, 2021, Green Dot announced it could not obtain Federal Reserve approval for the May 2021 asset purchase agreement with Republic.
The Sale Transaction, covering substantially all assets of Republic's Tax Refund Solutions business, will not be consummated.
Previously disclosed on May 13, 2021, the deal is now terminated due to regulatory non-approval.
No termination fee or other material terms were disclosed in the filing.

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