Green Dot has hired Citi to explore “potential strategic alternatives,” the company disclosed in a Monday press release.
That would typically include a potential sale of the company, though payment and embedded finance services provider didn’t elaborate.
The Provo, Utah-based company also said its CEO, George Gresham, “ceased serving” in his leadership roles as of Friday, according to a filing with the Securities and Exchange Commisson. Gresham, who was also the company’s president, held the titles for only about 2½ years after he was promoted to the roles in October 2022 from chief operating and financial officer, following the termination of Dan Henry as CEO.