The Bank Slate


Green Dot removes CEO, successor named

Green Dot in Austin, Texas, has terminated its president and CEO.

The prepaid card and digital banking fintech said in a press release that George Gresham had succeeded Dan Henry, effective Friday. Gresham has been the company’s chief financial and operating officer.

Gresham also joined Green Dot’s board in October 2021.

Henry also resigned from the company’s board. The release gave no reason for his departure.

“I look forward to continuing to work closely with the Green Dot board and management team to advance our objectives – enhancing shareholder value and building Green Dot into one of the leading fintech companies with a digital bank,” Gresham said in the release.

“Green Dot has market-leading capabilities and tremendous potential for further growth, and I am confident in our team’s ability to continue to innovate and provide our clients with sophisticated banking and payment solutions,” Gresham added.

“The board is confident that George is the right person to lead Green Dot through its next phase of growth, and we are grateful to have a proven leader of George’s caliber and experience to step into the role of” CEO, William I Jacobs, Green Dot’s chairman, said in the release.

Gresham was owner and CEO of Granite Reef Advisers, an advisory firm. His background includes serving as CFO at NetSpend Holdings and Global Cash Access.

Green Dot said Gresham will continue to serve in his prior posts until a successor is appointed.

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