Sacramento's Golden Pacific Bancorp to be bought by fintech giant SoFi
San Francisco-based online financial technology company Social Finance Inc., which is on the cusp of going public through a $2.4 billion merger, plans to buy the smallest bank based in Sacramento for $22.3 million in cash. San Francisco-based SoFi said it will buy Sacramento-based Golden Pacific Bancorp Inc. to obtain its federal bank charter. “We believe that by pursuing a national bank charter, we will be able to help even more people get their money right with enhanced value and more...
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