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August 19, 2022
Finance Technologies

SoFi to acquire Golden Pacific Bancorp in $22m quest for US bank charter

US personal finance firm SoFi has announced the acquisition of Golden Pacific Bancorp, and its subsidiary Golden Pacific Bank, for $22.3 million. Golden Pacific Bank will move under the umbrella of the new “SoFi Bank” The deal is part of SoFi’s quest to gain a US banking charter. The firm filed an application for its own licence with the Office of the Comptroller of the Currency (OCC) in July 2020. SoFi received preliminary conditional approval from the OCC in October 2020 for its de novo bank plan. With the acquisition, the San Francisco firm has taken a more direct route.…
SoFi to acquire Golden Pacific Bancorp in m quest for US bank charter

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