Green Dot Bank Names Greg Quarles as CEO

Pasadena-based Green Dot Corporation has named Greg Quarles, former president and CEO of American State Bancshares, as new CEO of Green Dot Bank effective June 15. He will be reporting to Green Dot Corporation President and CEO Dan Henry, a company announcement said.

“Greg is a highly respected and accomplished executive who understands what’s needed to drive the bank’s success in the future,” Henry said in the statement. “Through his more than 30 years of experience in leadership roles in the banking and payments industries, Greg has demonstrated a track record of leading change, driving results and strengthening operational risk and compliance, and is well positioned to lead Green Dot Bank’s continued transformation.”

Green Dot Bank is one of Green Dot Corporation’s biggest competitive advantages. When combined with the company’s technology platform, retail distribution, and direct-to-consumer capabilities, the bank enables the company to bring to market modern banking solutions that impact and improve consumers’ financial lives.

“I am honored to join Green Dot Bank,” Quarles said. “I have been incredibly impressed by Green Dot Corporation and Green Dot Bank team members and their commitment to serve Green Dot’s customers while building a stronger foundation for the future.”

As American State Bancshares head, Quarles was responsible for the overall leadership and direction of the bank as well as strategic retail and commercial growth initiatives.

Before joining American State Bancshares, he served in a CEO role at H&R Block Bank. Under his leadership, H&R Block Bank grew to $5 billion in total assets during tax season, serviced over six million clients with $25 billion in transactions annually and sold 12.3 million products yearly, becoming the third largest prepaid card issuer in the United States.

Quarles obtained his BBA Finance degree from Texas Tech University, and his MBA from the University of Kansas.

Quarles will be based out of Sandy, Utah and Pasadena, the company said.