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Forward-Looking Statements
We have included in this letter “forward-looking statements,” which are subject to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Words such as “will,” “expect,” “believe” and similar expressions are used to identify these forward-looking
statements. For example, statements regarding the key strategic benefi ts that Green Dot expects from becoming a bank holding company
are all forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and
assumptions that are diffi cult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove
to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements.
Risks, uncertainties and other factors that might cause such differences, some of which could be material, include, but are not limited to,
the factors discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on Green Dot’s investor
relations website at ir.greendot.com and on the SEC website at www.sec.gov . All information provided in this letter speaks only as of the
date of this, and Green Dot assumes no obligation to update this information as a result of future events or developments.
2011 was also the year that Green Dot Corporation became a Bank Holding Company after approval
to acquire Bonneville Bancorp of Provo, Utah was granted by the Board of Governors of the Federal
Reserve System. This was a monumental achievement for our company that, we believe, greatly
enhances our opportunity set going forward. We expect our becoming a Bank Holding Company will
provide us with numerous benefi ts, including a) a platform for the development of new products
for new segments of customers, b) new vertical synergies that will help create additional scale and
cost advantage, and, c) reduced reliance on third party, non-affi liated banks for the sustainability
of our business.
As founder, chairman and CEO of Green Dot Corporation, I fi nd it very gratifying that, in 2011, we
served more than 4 million active card customers and many millions of reload network customers
who, in aggregate, loaded more than $16 billion onto Green Dot accounts. And all of this happened
at a company in an industry that barely existed just a handful of years ago. We are only at day one
of a journey that has many exciting years to come.
Here’s to a great 2012,
Steven W. Streit
Chairman, President and Chief Executive Offi cer
GREEN DOT 2011 ANNUAL REPORT