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Green Dot enters accelerated stock repurchase program

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Green Dot enters accelerated stock repurchase program

Green Dot Corp. entered into an accelerated stock repurchase agreement with Bank of America Merrill Lynch to repurchase a total of $100 million of its class A common stock.

The buyback program is expected to be completed in 2019.

Green Dot will receive an initial delivery of approximately 1.7 million shares under the agreement.