Green Dot Bank Gets New CEO

Published : Monday, September 5, 2016 | 6:21 PM

Pasadena-based Green Dot Corporation has announced the appointment of Mary J. Dent as Chief Executive Officer of Green Dot Bank, its wholly owned bank subsidiary.

With the appointment, Dent is now considered resigned as a member of Green Dot’s Board of Directors, but will remain on the board of Green Dot Bank as an executive member.

Dent, who has a BA in economics from UCLA and a Juris Doctor degree from Stanford Law School, will report to Green Dot CEO and founder Steven Streit. Lewis Goodwin will remain Green Dot Bank’s president, reporting to Dent.

“For the past three years Mary has been an incredible resource as a member of our holding company board of directors, our bank subsidiary board of directors and, most recently, chairman of our audit committee,” Streit said as he announced Dent’s appointment. “She has an impressive financial services background with a deep understanding of the lending marketplace, having served in senior roles at Silicon Valley Bank and most recently, at Insikt, an innovative lender serving low income consumers. We believe her expertise and background will be beneficial as she works closely with Green Dot Bank’s long-time President, Lew Goodwin, to further evolve the bank into a highly successful stand-alone institution.”

“Green Dot Bank is in a great position to begin to more significantly monetize the solid banking platform we’ve built since the bank’s founding five years ago. In that amount of time, we’ve taken Green Dot Bank from a small community bank in Provo, Utah with just a few million dollars in assets into a national banking platform that takes in many billions in deposits from millions of Green Dot Bank issued card program customers,” said Goodwin. “I’m looking forward to working closely with Mary on taking Green Dot Bank to the next level.”

Dent said she is honored to accept the position and said she could not be more excited about Green Dot Bank’s platform.

“Green Dot Bank is such an important institution because it sits atop a fintech powerhouse holding company that potentially allows it to do things on a nationwide scale few other banks could do,” she said. “With our recent regulatory approval to enter the consumer lending marketplace with a secured credit card program and the potential opportunity to broaden our product selection and investment portfolio, we are in an exceptional position to drive growth for the bank on a stand-alone basis and for Green Dot Corporation on a consolidated basis.”

Green Dot Corporation, along with Green Dot Bank, is a bank holding company regulated by the Board of Governors of the Federal Reserve System and the Utah Department of Financial Institutions. Green Dot is widely recognized as the inventor of the prepaid debit card industry and is the largest provider of reloadable prepaid debit cards and cash reload processing services in the United States.

The company is also a leading financial technology company and the largest processor of tax refund disbursements in the U.S. through its wholly owned subsidiary, TPG. Green Dot is also a leading provider of mobile banking. Its products and services are available to consumers through a distribution network of more than 100,000 U.S. locations, as well as online, in the leading app stores and through leading online tax preparation providers.

Headquartered at 3465 E. Foothill Blvd. in Pasadena, Green Dot has additional facilities throughout the United States and in Shanghai, China.

 

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