Federal Reserve Board announces approval of application by Green Dot Corporation to acquire Bonneville Bancorp

The following press release was published by the Board of Governors of the Federal Reserve System on Nov. 23, 2011. It is reproduced in full below.

The Federal Reserve Board on Wednesday announced its approval of the application of Green Dot Corporation, Monrovia, California, to acquire Bonneville Bancorp ("Bonneville") and thereby indirectly acquire Bonneville's wholly owned subsidiary bank, Bonneville Bank, both of Provo, Utah.

Attached is the Board's Order relating to this action together with a Dissenting Statement by Governor Elizabeth A. Duke.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System