Preferred Bank, which had been struggling for months with a deteriorating loan portfolio, secured much needed capital last week with a stock sale that netted more than $70 million. The critical move likely staved off failure for a bank thought to be on the ropes. But the accomplishment may be a milestone for the broader [...]
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Debit Card Company Takes a Run at Utah Bank
Posted by admin on March 18th, 2010
Green Dot Bank? A funny name for sure – but it’s not out of the realm of possibility. Green Dot Corp., an issuer of prepaid debit cards that made news last week with plans for a $150 million IPO, has been quietly pursuing plans to operate its own bank. The Monrovia company has filed papers [...]
