Online lender SoFi to buy California community bank

Reuters2021-03-09

March 9 (Reuters) - Social Finance Inc, or SoFi, said on Tuesday it would buy community bank Golden Pacific Bancorp for about $22.3 million in an all-cash deal, accelerating the online lender's push to become a national bank.

SoFi said it would pay $2.55 for every share of Sacramento, California-based Golden Pacific.

Separately, SoFi also announced the launch of its first-ever credit card.

In January, the startup was valued at $8.65 billion in a deal with a blank-check firm backed by veteran investor Chamath Palihapitiya.

Founded in 2011, SoFi capitalized on the retrenchment of banks from large swaths of consumer lending in the aftermath of the 2008 financial crisis.

Last year, the online lender acquired payments platform Galielo for $1.2 billion.

(Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel)

((Niket.Nishant@thomsonreuters.com;))

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白
发表看法