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ANNUAL REPORT
2013

Table of contents

  • Page 1
    2013 ANNUAL REPORT

  • Page 2
    ... Prepaid MasterCard Card" in May of 2001 at a Rite Aid store in Northern Virginia, a new kind of consumer financial services product was officially launched. Although we didn't know it at the time, that first sale also marked the birth of the general purpose reloadable (GPR) prepaid debit card...

  • Page 3
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  • Page 4
    ...from to Commission file number 001-34819 GREEN DOT CORPORATION (Exact name of Registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 3465 E. Foothill Blvd. Pasadena, California 91107 (Address of principal executive offices, including zip code...

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  • Page 6
    ... of Operations Quantitative and Qualitative Disclosures About Market Risk Financial Statements and Supplementary Data Changes in and Disagreements with Accountants on Accounting and Financial Disclosure Controls and Procedures Other Information PART III. Directors, Executive Officers and Corporate...

  • Page 7
    ...reason. In this report, unless otherwise specified or the context otherwise requires, "Green Dot," "we," "us," and "our" refer to Green Dot Corporation and its consolidated subsidiaries, the term "GPR cards" refers to general purpose reloadable prepaid debit cards, the term "prepaid cards" refers to...

  • Page 8
    ... mobile banking with our GoBank mobile bank account offering. Our products are available to consumers at more than 90,000 retailers nationwide, online and via the leading app stores. Our products and services include Green Dot-branded and co-branded GPR cards, Visabranded gift cards, reload services...

  • Page 9
    ... a MoneyPak or, at enabled retailers, via an automated point-of-sale process, which we refer to as a POS swipe reload transaction. Funds can also be loaded on the card via direct deposit of various disbursements, such as a customer's payroll check. Our GPR cards are issued as Visa- or MasterCard...

  • Page 10
    ... MoneyPak number and add the funds to a GPR card or other account, such as participating billers or a PayPal account. Alternatively, at many retail locations, consumers can add funds directly to their Green Dot- branded and co-branded cards at the point of sale through an automated POS swipe reload...

  • Page 11
    ... Dot Bank (the card issuing bank), Green Dot designs and delivers the Walmart MoneyCard product and provides all ongoing program support, including network IT, regulatory and legal compliance, website functionality, customer service and loss management. Walmart displays and sells the cards and Green...

  • Page 12
    ...in the United States. All card activations, reloads, support and lost/stolen inquiries are handled online and through various toll-free numbers at these locations. We also operate our own call center at our headquarters for handling customer and corporate escalations. Customer service is provided in...

  • Page 13
    .... Reload Networks We offer our MoneyPak and POS swipe reload proprietary products, which enable cash loading and transfer services through our Green Dot Network. While we believe our Green Dot Network is the leading reload network for prepaid cards in the United States, a growing number of companies...

  • Page 14
    ... property rights related to our products and services. We own several trademarks, including Green Dot, MoneyPak, GoBank, and the Green Dot logo. These assets are essential to our business. Through agreements with our network acceptance members, retail distributors and customers, we authorize...

  • Page 15
    ... day-to-day operations. Our products and services are generally subject to federal, state and local laws and regulations, including anti-money laundering laws; money transfer and payment instrument licensing regulations; escheatment laws; privacy and information safeguard laws; banking regulations...

  • Page 16
    ... agencies that own data. In order to comply with the privacy and information safeguard laws, we have confidentiality/information security standards and procedures in place for our business activities and with network acceptance members and our third-party vendors and service providers. Privacy and...

  • Page 17
    ...require minimum levels of capital, which limits the funds available for payment of dividends. Other restrictions include the Federal Reserve Board's general policy that bank holding companies should pay cash dividends on common stock only out of net income available to stockholders for the preceding...

  • Page 18
    ...bank regulators a capital restoration plan that was guaranteed by us, as its bank holding company. The bank would also likely become subject to further restrictions on activities, such as entering into new lines of business, or would be required to conduct activities that have the effect of limiting...

  • Page 19
    ...of the Visa and/or MasterCard payment networks. Visa and MasterCard set the standards with which we and the card issuing banks must comply. Employees As of December 31, 2013, we had 562 employees, including 331 in general and administrative, 80 in sales and marketing, and 151 in research and product...

  • Page 20
    ... in our quarterly or annual results of operations might result from a number of factors, including, but not limited to the timing and volume of purchases, use and reloads of our prepaid cards and related products and services; the timing and success of new product or service introductions by us or...

  • Page 21
    ... might limit or reduce the sales of our cards and MoneyPak reload product. Our operating revenues may also be negatively affected by our retail distributors' operational decisions. For example, as retail distributors introduce and promote competing products at their store locations, as Walmart...

  • Page 22
    ... basis of price or increase our sales and marketing expenses, any of which would likely seriously harm our business, operating results and financial condition. Our current and potential competitors include prepaid card program managers, such as American Express, First Data, Total Systems Services...

  • Page 23
    ...reload products or cardholder information. These activities often include malicious social engineering schemes, where people are asked to provide a prepaid card or reload product in order to obtain a loan or purchase goods or services. Illegal activities may also include fraudulent payment or refund...

  • Page 24
    ... the Prepaid Card Consumer Protection Act of 2013, could limit the amount of fees, including monthly fees, that we would be able to charge and could impose operational requirements, such as closing and refunding certain dormant prepaid cards, which could decrease our operating revenues and increase...

  • Page 25
    ... due to actions by the payment networks or future regulation, we would likely need to change our fee structure to offset the loss of interchange revenues. However, our ability to make these changes is limited by the terms of our contracts and other commercial factors, such as price competition. To...

  • Page 26
    ... and operating revenues. We and our retail distributors, network acceptance members, third-party processors and the merchants that accept our cards receive, transmit and store confidential customer and other information in connection with the sale and use of our prepaid financial services. Our...

  • Page 27
    ... property rights related to our products and services and avoid infringing on the proprietary rights of others. The Green Dot and GoBank brands are important to our business, and we utilize trademark registrations and other means to protect them. Our business would be harmed if we were unable...

  • Page 28
    ... additional purchases in the intervening period and funds are no longer available on the card at the time the transaction is posted. Overdrawn account balances are funded on our behalf by the bank that issued the overdrawn card. We are responsible to this card issuing bank for any losses associated...

  • Page 29
    ... sell our products and services to consumers at their store locations. Our retail distributors collect funds from the consumers who purchase our products and services and then must remit these funds directly to accounts established for the benefit of these consumers at the banks that issue our cards...

  • Page 30
    ...of money, processing of large numbers of transactions and management of the data necessary to do both. Our success depends upon the efficient and error-free handling of the money that is collected by our retail distributors and remitted to network acceptance members or the banks that issue our cards...

  • Page 31
    ... U.S. generally accepted accounting principles, or GAAP. If we are unable to maintain adequate internal control over financial reporting, we might be unable to report our financial information on a timely basis and might suffer adverse regulatory consequences or violate NYSE listing standards. There...

  • Page 32
    ... by regulators into our operations or those of our competitors; new laws or regulations or new interpretations of existing laws or regulations applicable to our business; changes in accounting standards, policies, guidelines, interpretations or principles; general economic conditions; changes to...

  • Page 33
    ... who currently cover us or our business downgrade their evaluations of our Class A common stock, the price of our Class A common stock would likely decline. If one or more of these analysts cease coverage of our company, we could lose visibility in the market for our Class A common stock, which...

  • Page 34
    ... ITEM 2. Properties Our headquarters is located in Pasadena, California where we lease approximately 140,000 square feet. We own the real property where our subsidiary bank's only office is located in Provo, Utah. We also lease additional technology development and sale and support offices in Tampa...

  • Page 35
    ...'s risk-based and leverage capital requirements, as well as other federal laws applicable to banks and bank holding companies, could limit our ability to pay dividends. We expect to retain future earnings, if any, to fund the development and future growth of our business. Any future determination to...

  • Page 36
    ...data and are not intended to forecast the possible future performance of our Class A common stock. Total Return to Shareholders (Includes reinvestment of dividends) Index Returns for the Months Ending Company/ Index Green Dot Corporation... 167 $ 60 $ 50 $ 28 $ 28 2013 Q2 167 174 Q3 184 193 Q4 200 212...

  • Page 37
    ... Data: Operating revenues: Card revenues and other fees Cash transfer revenues Interchange revenues Stock-based retailer incentive compensation(2) Total operating revenues Operating expenses: Sales and marketing expenses Compensation and benefits expenses(3) Processing expenses Other general...

  • Page 38
    ... sold prior to 2011. (5) Our retail distributors collect customer funds for purchases of new cards and reloads at the point of sale and then remit these funds directly to bank accounts established for the benefit of these customers by the banks that issue our cards. During the third quarter of 2012...

  • Page 39
    ... mobile banking with our GoBank mobile bank account offering. Our products are available to consumers at more than 90,000 retailers nationwide, online and via the leading app stores. Our products and services include Green Dot-branded and co-branded GPR cards, Visabranded gift cards, reload services...

  • Page 40
    ... terms and conditions in our cardholder agreements. We charge new card fees when a consumer purchases a GPR or gift card in a retail store. Other revenues consist primarily of fees associated with optional products or services, which we generally offer to consumers during the card activation process...

  • Page 41
    ...in new card fees between Green Dot-branded and co-branded products and between GPR cards and gift cards. Cash Transfer Revenues - We earn cash transfer revenues when consumers purchase and use a MoneyPak or fund their cards through a POS swipe reload transaction in a retail store. Our aggregate cash...

  • Page 42
    ... of the services purchased by the cardholders, and other factors. For all of our significant revenue-generating arrangements, including GPR and gift cards, we recognize revenues on a gross basis. Generally, customers have limited rights to a refund of the new card fee or a cash transfer fee. We have...

  • Page 43
    ... account is closed, depending on the card issuing bank. We generally recover overdrawn account balances from those GPR cardholders that perform a reload transaction. In addition, we recover some overdrawn account balances related to purchase transaction through enforcement of payment network rules...

  • Page 44
    ...period-over-period decline in new cards activated due to enhanced risk controls and a decline in ATM fees as a result of higher usage of our fee-free ATM network. Cash Transfer Revenues - Cash transfer revenues totaled $183.4 million for the year ended December 31, 2013, an increase of $18.2 million...

  • Page 45
    ...of periodover-period growth of 6% in purchase volume, higher usage of our fee-free ATM network and certain costs to prepare for the transition of our card issuing program with GE Capital Retail Bank to Green Dot Bank, which was completed in February 2014. Processing expenses were partially offset by...

  • Page 46
    ... of our active card base. Additionally, we began offering our Walmart MoneyCard customers access to surcharge-free transactions via the nationwide MoneyPass ATM network in late June 2012, which also contributed to the decrease in ATM fee revenues. In addition, we believe our card revenues and other...

  • Page 47
    ...of cash transfers sold, 1% in the number of GPR cards activated, and 17% in total operating revenues. Costs of manufacturing and distributing card packages also increased as a result of the transition of our card issuing program with Synovus Bank to our subsidiary bank and the launch of new products...

  • Page 48
    ... were offset by increases in general business tax credits taken during 2012. Capital Requirements for Bank Holding Companies As of December 31, 2013 and December 31, 2012, we were categorized as well capitalized under the regulatory framework. There were no conditions or events since December 31...

  • Page 49
    ...-cash operating expenses of $40.5 million. Cash Flows from Investing Activities Our $53.4 million of net cash used in investing activities in the year ended December 31, 2013 reflects payments for acquisition of property and equipment of purchases of $35.7 million and purchases of available-for-sale...

  • Page 50
    ... our regulators. For example, in connection with the transition of our card issuing program with GE Capital Retail Bank to Green Dot Bank in February 2014, we contributed approximately $50 million in capital to Green Dot Bank and we settled our liability associated with overdrawn cardholder account...

  • Page 51
    ... Item 1. Business, we became a bank holding company in December 2011. This section presents information required by the SEC's Industry Guide 3, "Statistical Disclosure by Bank Holding Companies." The tables in this section include Green Dot Bank information only. All average balance data related to...

  • Page 52
    ... ended December 31, 2013: December 31, 2013 Total Change in Interest Income/ Expense Loans Taxable investment securities Non-taxable investment securities Federal reserve stock Federal funds sold Cash $ Negotiable order of withdrawal (NOW) Savings deposits Time deposits, denominations greater than...

  • Page 53
    ... balance in the allowance for loan losses during the year ended December 31, 2013 was primarily due to the identification of several impaired loans and applying specific reserves to cover their potential losses. Refer to Note 2 - Summary of Significant Accounting Policies in Item 8 of this report...

  • Page 54
    ...Loan Portfolio Concentrations Green Dot Bank, our subsidiary bank, operates at a single office in Provo, Utah located in the Utah County area. As of December 31, 2013, approximately 94.1% of our borrowers resided in the state of Utah and approximately 41.0% in the city of Provo. Consequently, we are...

  • Page 55
    ... Green Dot Bank's average deposits and the annualized average rate paid on those deposits for the years ended December 31, 2013, December 31, 2012, and December 31, 2011: December 31, 2013 Average Balance Interest-bearing deposit accounts Negotiable order of withdrawal (NOW) Savings deposits Time...

  • Page 56
    ... specified contractual settlement terms on a daily basis and assess their credit limit and financial condition on a periodic basis. Our management's Enterprise Risk Management Committee is responsible for monitoring our retail distributor exposure and assigning credit limits and reports regularly to...

  • Page 57
    ... Data Index to Consolidated Financial Statements Page Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting Report of Independent Registered Public Accounting Firm Consolidated Balance Sheets Consolidated Statements of Operations Consolidated...

  • Page 58
    ... opinion, Green Dot Corporation maintained, in all material respects, effective internal control over financial reporting as of December 31, 2013, based on the COSO criteria. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the...

  • Page 59
    ... 31, 2013, in conformity with U.S. generally accepted accounting principles. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Green Dot Corporation's internal control over financial reporting as of December 31, 2013, based...

  • Page 60
    ... other assets Income tax receivable Net deferred tax assets Total current assets Restricted cash Investment securities, available-for-sale, at fair value Accounts receivable, net Loans to bank customers, net of allowance for loan losses of $464 and $475 as of December 31, 2013 and December 31, 2012...

  • Page 61
    ... 31, 2013 Operating revenues: Card revenues and other fees Cash transfer revenues Interchange revenues Stock-based retailer incentive compensation Total operating revenues Operating expenses: Sales and marketing expenses Compensation and benefits expenses Processing expenses Other general and...

  • Page 62
    GREEN DOT CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Year Ended December 31, 2013 Net income Other comprehensive income (loss) Unrealized holding (losses) gains, net of tax Comprehensive income $ (153) 33,887 $ 76 47,295 $ 30 52,113 $ 34,040 $ 2012 (In thousands) 47,219 $ 52,083 ...

  • Page 63
    GREEN DOT CORPORATION CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY Convertible Preferred Stock Shares Balance at December 31, 2010 Common stock issued under stock plans and related tax effects Stock-based compensation Stock-based retailer incentive compensation Conversion of Class B ...

  • Page 64
    ... due issuing bank for overdrawn accounts Deferred revenue Income tax receivable Net cash provided by operating activities Investing activities Purchases of available-for-sale investment securities Proceeds from maturities of available-for-sale securities Proceeds from sales of available-for-sale...

  • Page 65
    ... at GoBank.com and via the Apple App Store and Google Play. The Green Dot Network enables consumers to use cash to reload our prepaid debit cards or to transfer cash to any of our Green Dot Network acceptance members, including competing prepaid card programs and other online accounts. We market our...

  • Page 66
    ... products have not been activated. Settlement obligations represent the customer funds received by our subsidiary bank that are due to third-party card issuing banks upon activation. Accounts Receivable, Net Accounts receivable is comprised principally of receivables due from card issuing banks...

  • Page 67
    ... which in our judgment affect the expected inherent losses. Qualitative considerations include, but are not limited to, prevailing economic or market conditions, changes in the loan grading and underwriting process, changes in the estimated value of the underlying collateral for collateral dependent...

  • Page 68
    ... useful lives. Amounts Due to Card Issuing Banks for Overdrawn Accounts Our third-party card issuing banks fund overdrawn cardholder account balances on our behalf. Amounts funded are due from us to the card issuing banks based on terms specified in the agreements with the card issuing banks...

  • Page 69
    ... card fees and monthly maintenance fees. We generate cash transfer revenues when consumers purchase our cash transfer products (reload services) in a retail store. We recognize these revenues when the cash transfer transactions are completed, generally within two business days from the time of sale...

  • Page 70
    ... retail distributors' locations and personalized GPR cards to consumers who have activated their cards. We pay our retail distributors and brokers commissions based on sales of our prepaid debit cards and cash transfer products in their stores. We defer and expense commissions related to new cards...

  • Page 71
    ... its applicable capital and leverage requirements, the Federal Reserve Board may limit our or Green Dot Bank's ability to pay dividends. In addition, as a bank holding company and a financial holding company, we are generally prohibited from engaging, directly or indirectly, in any activities other...

  • Page 72
    .... In February 2013, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2013-02, Comprehensive Income: Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires companies to report, in one place, information about...

  • Page 73
    ...) As of December 31, 2013 and December 31, 2012, the gross unrealized losses and fair values of available-forsale investment securities that were in unrealized loss positions were as follows: Less than 12 months Fair value December 31, 2013 Corporate bonds Commercial paper U.S. Treasury notes...

  • Page 74
    ...2013 Overdrawn account balances due from cardholders Reserve for uncollectible overdrawn accounts Net overdrawn account balances due from cardholders Trade receivables Reserve for uncollectible trade receivables Net trade receivables Receivables due from card issuing banks Other receivables Accounts...

  • Page 75
    ... carrying value, gross of the related allowance for loan losses, of our nonperforming loans, other than purchased credit impaired, or PCI loans. See Note 2-Summary of Significant Accounting Policies for further information on the criteria for classification as nonperforming. December 31, 2013 Real...

  • Page 76
    GREEN DOT CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) Note 5-Loans to Bank Customers (continued) Allowance for Loan Losses Activity in the allowance for loan losses consisted of the following: Year Ended December 31, 2013 Balance, beginning of period Provision for loans ...

  • Page 77
    ...December 31, 2013 or 2012. Note 8-Deposits In November 2012, we transitioned all outstanding customer deposits associated with our card issuing program with Synovus Bank to Green Dot Bank. These deposits are included as "GPR deposits" within non-interest bearing deposit accounts below. Deposits were...

  • Page 78
    GREEN DOT CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) Note 8-Deposits (continued) The scheduled contractual maturities for total time deposits are presented in the table below: December 31, 2013 (In thousands) Due in 2014 Due in 2015 Due in 2016 Due in 2017 Due in 2018 ...

  • Page 79
    ..., which significantly increased the sales commission rates we pay to Walmart for our products sold in their stores. The new agreement commenced on May 1, 2010 with a five-year term. As an incentive to amend our prepaid card program agreement, we issued Walmart 2,208,552 shares of our Class A common...

  • Page 80
    ... to perform in accordance with the terms of the sales and marketing agreement, we obtain an option to repurchase any shares previously issued under the warrant. As the option to purchase shares under the warrant is contingent upon the achievement of certain sales volume or revenue targets, there is...

  • Page 81
    ..., which is the mid-point between the weighted-average graded-vesting term and the contractual term. The simplified method was chosen as a means to determine expected term as we have limited historical option exercise experience as a public company. We derived the risk-free rate from the average...

  • Page 82
    ... as of December 31, 2013. Stock-Based Retailer Incentive Compensation As discussed in Note 9 - Stockholders' Equity, we issued Walmart 2,208,552 shares of our Class A common stock. We recognize the fair value of 36,810 shares each month over the 60-month term of the commercial agreement. An early...

  • Page 83
    GREEN DOT CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) Note 11-Income Taxes The components of income tax expense included in our consolidated statements of operations were as follows: Year Ended December 31, 2013 Current: Federal State Current income tax expense Deferred: ...

  • Page 84
    ... accounts Accrued liabilities Tax credit carryforwards Other Gross deferred tax assets Valuation allowance Total deferred tax assets, net of valuation allowance Deferred tax liabilities: Internal-use software costs Property and equipment, net Deferred expenses Intangible assets Gift card revenue...

  • Page 85
    GREEN DOT CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) Note 11-Income Taxes (continued) Certain limitations may be placed on net operating loss carryforwards as a result of changes in control as defined in Section 382 of the Internal Revenue Code. In the event a change in ...

  • Page 86
    GREEN DOT CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) Note 12-Earnings per Common Share In August 2013, the issued and outstanding shares of our Class B Common Stock declined to less than 10% of the aggregate number of issued and outstanding shares of our Class A Common ...

  • Page 87
    ...per share data) Note 13-Fair Value Measurements Under applicable accounting guidance, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly...

  • Page 88
    ...001 19,031 21,754 198,744 (In thousands) We based the fair value of our fixed income securities held as of December 31, 2013 and December 31, 2012 on quoted prices in active markets for similar assets. We had no transfers between Level 1, Level 2 or Level 3 assets during the years ended December 31...

  • Page 89
    ... of all outstanding customer deposits associated with our card issuing program with Synovus Bank to our subsidiary bank, in November 2012, our line of credit with Columbus Bank and Trust Company was terminated. Prior to the termination, we used the line of credit to fund timing differences between...

  • Page 90
    ...to pay a single lump sum equal to any minimum payments remaining on the date of termination. We monitor the laws of all 50 states to identify state laws or regulations that apply to prepaid debit cards and other stored value products. Many state laws do not specifically address stored value products...

  • Page 91
    ... percentages of our total operating revenues: Year Ended December 31, 2013 Walmart Three other largest retail distributors, as a group 65% 21% 2012 65% 20% 2011 62% 19% The concentration of GPR cards activated (in units) and the concentration of sales of cash transfer products (in units) derived...

  • Page 92
    GREEN DOT CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) Note 19-Significant Customer Concentration (continued) At December 31, 2013 and December 31, 2012, the customer funds underlying the Walmart co-branded GPR cards were held by GE Capital Retail Bank. These funds are held ...

  • Page 93
    ... (In thousands, except per share data) Note 22-Subsequent Event In February 2014, we completed the transition of all outstanding customer deposits associated with our GPR card program with GE Capital Retail Bank to Green Dot Bank. The total funds transferred to Green Dot Bank was approximately $260...

  • Page 94
    ... Exchange Act Rules 13a-15(f) and 15d-15(f)) for Green Dot Corporation. Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has conducted an evaluation of the effectiveness of our internal control over financial reporting as of December 31, 2013, based...

  • Page 95
    ...reflected in our consolidated statements of operations; and (ii) annual goals contained in our financial plan for annual revenue, which is calculated by adding the amount of stock-based retailer incentive compensation to the amount of total operating revenues reflected in our consolidated statements...

  • Page 96
    ... by reference to our proxy statement for our 2014 Annual Meeting of Stockholders to be filed with the SEC within 120 days after the end of the year ended December 31, 2013. ITEM 14. Principal Accounting Fees and Services The information required by this Item is incorporated by reference to...

  • Page 97
    ... sufficient to require submission of the schedule, or because the information required is included in the consolidated financial statements and notes thereto. 3. Exhibits: The following exhibits are filed as part of or furnished with this annual report on Form 10-K as applicable: The exhibit list in...

  • Page 98
    ... registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Green Dot Corporation Date: February 28, 2014 By: Name: Title: /s/ Steven W. Streit Steven W. Streit Chairman, President, Chief Executive Officer KNOW ALL PERSONS BY THESE PRESENTS that...

  • Page 99
    ..., L.P. and GE Money Bank. First Amendment To Walmart MoneyCard Program Agreement dated as of January 12, 2012, by and among the Registrant, Walmart Stores Texas L.P., Wal-Mart Louisiana, LLC, Wal-Mart Stores Arkansas, LLC, Wal-Mart Stores East, L.P., Wal-Mart Stores, Inc., and GE Capital Retail Bank...

  • Page 100
    ...Green Dot Corporation and WalMart Stores, Inc., Walmart Stores Texas L.P., Wal-Mart Louisiana, LLC, Wal-Mart Stores Arkansas, LLC, and WalMart Stores East, L.P., and GE Capital Retail Bank. Card Program Services Agreement, dated as of October 27, 2006, by and between the Registrant and GE Money Bank...

  • Page 101
    ...Ernst & Young LLP, independent registered public accounting firm. Power of Attorney (included on the signature page of this Annual Report on Form 10-K). Certification of Steven W. Streit, Chief Executive Officer and Chairman of the Board of Directors, pursuant to Rule 13a-14(a)/15d-14(a), as adopted...

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    ... B. Goodwin, CEO, Green Dot Bank John C. Ricci, General Counsel INVESTOR RELATIONS Chris Mammone (626) 765-2427 [email protected] INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Ernst & Young LLP, Los Angeles STOCK LISTING & SYMBOL New York Stock Exchange Symbol: GDOT ©2014 Green Dot Corporation.