Green Dot Corporation

Item 8.01 Other Events. As previously disclosed, on November 23, 2025, Green Dot Corporation, a Delaware corporation (“Green Dot”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CommerceOne Financial Corporation, an Alabama corporation (“CommerceOne”), Compass Sub North, Inc., a newly formed Delaware corporation and a direct, wholly owned subsidiary of CommerceOne (“New CommerceOne” or the “Combined Company”), Compass Sub East, Inc., a newly formed Delaware corporation and a direct, wholly owned subsidiary of New CommerceOne (“Merger Sub One”), and Compass Sub West, Inc., a newly formed Delaware corporation and an indirect, wholly owned subsidiary of New CommerceOne (“Merger Sub Two”), pursuant to which, upon the terms and subject to the conditions set forth therein, (i) Merger Sub One will merge with and into CommerceOne and Merger Sub Two will merge with and into Green Dot (collectively, the “First Mergers”), with CommerceOne and Green Dot, respectively, surviving the First Mergers; and (ii) following the First Mergers, CommerceOne will merge with and into New CommerceOne, with New CommerceOne surviving under the name “CommerceOne Financial Corporation” (together with the First Mergers, the “Mergers”). Also on November 23, 2025, Green Dot entered into a Separation Agreement (the “Separation Agreement”) by and among New CommerceOne, Green Dot and Green Dot OpCo, LLC, a newly formed Delaware limited liability company and affiliate of Smith Ventures, LLC (“OpCo”), pursuant to which, upon the terms and subject to the conditions therein, following the First Mergers, (i) Green Dot will convert into a limited liability company, (ii) Green Dot will distribute the stock of Green Dot Bank, a Utah-chartered bank and wholly owned subsidiary of Green Dot, to Compass Sub Northwest, Inc., a newly formed Delaware corporation and direct, wholly owned subsidiary of New CommerceOne, and (iii) OpCo will acquire Green Dot and its non-bank financial technology and related assets and operations (together with the Mergers, the “Proposed Transaction”). In connection with the Proposed Transaction, New CommerceOne filed with the Securities and Exchange Commission (the “SEC”) on February 9, 2026, a registration statement on Form S-4, File No. 333-293326, as amended on April 7, 2026, May 1, 2026 and May 7, 2026, and which was declared effective by the SEC on May 8, 2026, containing a proxy statement of Green Dot that also constitutes a prospectus of New CommerceOne. Green Dot filed a definitive proxy statement and New CommerceOne filed a final prospectus with the SEC on May 8, 2026 (the “proxy statement/prospectus”). Green Dot first mailed the proxy statement/prospectus to its stockholders on or about May 15, 2026. Green Dot and CommerceOne will each hold a special meeting of stockholders on June 23, 2026 to consider certain proposals related to the Merger Agreement and the Separation Agreement as further described in the proxy statement/prospectus. Litigation Related to the Proposed Transaction Following the announcement of the Proposed Transaction, as of the date of this Current Report on Form 8-K, three lawsuits challenging the Proposed Transaction have been filed (each, a “Lawsuit” and, collectively, the “Lawsuits”). The first Lawsuit, captioned Phillips v. Green Dot Corporation, et al. (No. 653155/2026), was filed in the Supreme Court of the State of New York on May 27, 2026. The second Lawsuit, captioned Richardson v. Green Dot Corporation, et al. (No. 653180/2026), was filed in the Supreme Court of the State of New York on May 28, 2026. The third Lawsuit, captioned Zaccagnino v. J. Chris Brewster et al. (No. 65838/2026), was filed in the Supreme Court of the State of New York on June 8, 2026. In addition, Green Dot has received demand letters from counsel representing purported stockholders of Green Dot (the “Demand Letters” and, together with the Lawsuits, the “Matters”). The Matters each allege that, among other things, the proxy statement/prospectus contains certain disclosure deficiencies and/or incomplete information regarding the Proposed Transaction. Green Dot and CommerceOne believe that the claims asserted in the Matters are without merit and that no additional disclosure in the proxy statement/prospectus is required or necessary under applicable laws. However, in order to avoid the risk that the Matters delay or otherwise adversely affect the Proposed Transaction, and to minimize the costs, risks and uncertainties inherent in litigation, and without admitting any liability or wrongdoing, Green Dot, CommerceOne and New CommerceOne hereby make additional disclosures (the “Supplemental Disclosures”) to supplement the disclosures contained in the proxy statement/prospectus. Green Dot, CommerceOne, New CommerceOne and their respective boards of directors deny all allegations in the Matters that any additional disclosure was or is required or that they have violated any laws or breached any duties to stockholders in connection with the proxy statement/prospectus, and none of the Supplemental Disclosures nor any other disclosure in this Current Report on Form 8-K should be construed as an admission of the legal necessity or materiality under applicable laws of any Supplemental Disclosures. Supplemental Disclosures to the Proxy Statement/Prospectus The Supplemental Disclosures set forth below supplements the proxy statement/prospectus and should be read in conjunction with the proxy statement/prospectus, which should be read in its entirety. To the extent that information herein differs from or updates information contained in the proxy statement/prospectus, the information contained herein supersedes the information contained in the proxy statement/prospectus. Except as otherwise described in the below Supplemental Disclosures or the documents referred to, contained in or incorporated by reference herein, the proxy statement/prospectus, the annexes to the proxy statement/prospectus and the documents referred to, contained in or incorporated by reference in the proxy statement/prospectus are not otherwise modified, supplemented or amended. All page references below are to pages in the proxy statement/prospectus, and terms used below shall have the meanings set forth in the proxy statement/prospectus (unless otherwise defined below). For clarity, new text within restated paragraphs and tables from the proxy statement/prospectus is underlined, while deleted text is stricken-through. The disclosure under the section entitled “The Mergers—Background of the Mergers and the Payments Sale” in the proxy statement/prospectus is hereby amended by adding the following underlined language in the fifth full paragraph on page 134 of the proxy statement/prospectus: ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── On June 18, 2025, representatives of Stephens contacted representatives of Citi to inform Citi that Smith Ventures was partnering with CommerceOne in order to better facilitate and structure a potential strategic transaction with Green Dot and to discuss the possibility of a joint transaction proposal by Smith Ventures and CommerceOne. CommerceOne subsequently executed an NDA with Green Dot on June 19, 2025 and was provided access to due diligence materials. The NDA executed with CommerceOne contained substantially similar terms to the NDAs entered into with the other potentially interested parties. The disclosure under the section entitled “The Mergers—Opinion of Green Dot’s Financial Advisor—Summary of Financial Analyses of Citi—The Green Dot Merger Consideration—Selected Public Companies Analysis—Combined Company” in the proxy statement/prospectus is hereby amended by adding (i) the following underlined language in the fourth paragraph and (ii) the “Price / Tangible Book Value Per Diluted Share” for each of the selected companies to the table, in each case, on page 148 of the proxy statement/prospectus: ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── The selected companies (and corresponding multiples) considered by Citi for its analysis of the Combined Company were: Selected Companies Price / Tangible Book Value Per Diluted Share Axos Financial, Inc. 1.81x The Bancorp, Inc. 3.58x Pathward Financial, Inc. 2.94x Coastal Financial Corporation 3.40x MVB Financial Corp. 1.05x FinWise Bancorp 1.41x Medallion Financial Corp. 0.73x The disclosure under the section entitled “The Mergers—Opinion of Green Dot’s Financial Advisor—Summary of Financial Analyses of Citi—The Green Dot Merger Consideration—Dividend Discount Analysis—Combined Company” in the proxy statement/prospectus is hereby amended by adding the following underlined language in the last paragraph beginning on page 148 of the proxy statement/prospectus: ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Citi performed a dividend discount analysis of the Combined Company by calculating the estimated present value (as of June 30, 2026) of (i) the dividends that the Combined Company was forecasted to generate during the six months ending December 31, 2026 and the years ending December 31, 2027 through December 31, 2031 based on the Adjusted Combined Company Projections (including certain pro forma effects of the Mergers anticipated by Green Dot management) and (ii) a range of estimated terminal values for the Combined Company. Based on its professional judgment and experience, Citi applied a perpetuity growth rate of 2.0% to 3.0% to the Combined Company’s estimated dividends for the terminal year period, based on the Adjusted Combined Company Projections. The undiscounted terminal value indicated by this analysis, assuming a 2.5% perpetuity growth rate (the midpoint of the selected range) and an 11.5% discount rate (the midpoint of the selected range noted below), was $996 million. The present value (as of June 30, 2026) of the dividends and implied terminal values were then calculated using a selected range of discount rates of 11.00% to 12.00% (selected by Citi using its professional judgment and experience and application of the capital asset pricing model). This analysis indicated an approximate implied equity value reference range for the Combined Company of $590 million to $755 million. Accounting for the approximate 72.2% ownership in the Combined Company by Green Dot stockholders as of immediately following the consummation of the Mergers and the $8.11 of per share cash consideration, this analysis indicated a range of implied value for the Green Dot Merger Consideration of $15.45 to $17.51. The disclosure under the section entitled “The Mergers—Opinion of Green Dot’s Financial Advisor—Summary of Financial Analyses of Citi—Green Dot—Selected Public Companies Analysis” in the proxy statement/prospectus is hereby amended by adding (i) the following underlined language in the second full paragraph, (ii) the “Price / 2026E Adjusted EPS” for each of the selected companies to the table and (iii) the “Price / Tangible Book Value Per Diluted Share” for each of the selected companies to the table, in each case, on page 149 of the proxy statement/prospectus: ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── The selected companies (and corresponding multiples) considered by Citi for its analysis of Green Dot were: Selected Companies Price / 2026E Price / Tangible Book Adjusted EPS Value Per Diluted Share Axos Financial, Inc. 8.5x 1.81x The Bancorp, Inc. 9.1x 3.58x Pathward Financial, Inc. 7.7x 2.94x Coastal Financial Corporation 16.1x 3.40x MVB Financial Corp. 11.8x 1.05x FinWise Bancorp 9.2x 1.41x Medallion Financial Corp. 5.3x 0.73x ───────────────────────────────────────────────────────────────────────────────── The disclosure under the section entitled “The Mergers—Opinion of Green Dot’s Financial Advisor—Summary of Financial Analyses of Citi—Green Dot—Dividend Discount Analysis” in the proxy statement/prospectus is hereby amended by adding the following underlined language in the last paragraph beginning on page 149 of the proxy statement/prospectus: ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Citi performed a dividend discount analysis of Green Dot by calculating the estimated present value (as of September 30, 2025) of (i) the dividends that Green Dot was forecasted to generate during the three months ending December 31, 2025 and the years ending December 31, 2026 through December 31, 2031 based on the Green Dot Prospective Financial Information and (ii) a range of estimated terminal values for Green Dot. Based on its professional judgment and experience, Citi applied a perpetuity growth rate of 2.0% to 3.0% to Green Dot’s estimated dividends for the terminal year period, based on the Green Dot Prospective Financial Information. The undiscounted terminal value indicated by this analysis, assuming a 2.5% perpetuity growth rate (the midpoint of the selected range) and a 12.63% discount rate (the midpoint of the selected range noted below), was $1,160 million. The present values (as of September 30, 2025) of the dividends and implied terminal values were then calculated using a selected range of discount rates of 12.00% to 13.25% (selected by Citi using its professional judgment and experience and application of the capital asset pricing model). This analysis indicated an approximate implied per share equity value reference range, rounded to the nearest $0.05, for Green Dot Class A Common Stock of $13.15 to $16.30, as compared to the ranges of value for the Green Dot Merger Consideration indicated by Citi’s analyses described under “ - Summary of Financial Analyses of Citi - The Green Dot Merger Consideration. ” The disclosure under the section entitled “The Mergers—Opinion of Green Dot’s Financial Advisor—Summary of Financial Analyses of Citi—Green Dot—Present Value of Future Share Price Analysis” in the proxy statement/prospectus is hereby amended by adding the following underlined language to the fourth sentence of the first full paragraph on page 150 of the proxy statement/prospectus: ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Citi discounted the resulting future equity values per share to September 30, 2025 using a discount rate equal to the midpoint of the range of Green Dot’s assumed cost of equity of 12.6% (which cost of equity was selected based on the application of Citi’s professional judgment and experience and application of the capital asset pricing model). The disclosure under the section entitled “The Mergers—Opinion of Green Dot’s Financial Advisor—Summary of Financial Analyses of Citi—Certain Additional Information—Equity Research Analyst Price Targets” in the proxy statement/prospectus is hereby amended by adding the following underlined language to and deleting the stricken-through language from the third and fourth sentences to the fourth full paragraph on page 150 of the proxy statement/prospectus: ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── The range of undiscounted sell-side analyst price targets for shares of Green Dot Class A Common Stock was $18.00 to $20.00 per share by the two analysts were $18.00 per share and $20.00 per share. To facilitate a comparison with the Green Dot Merger Consideration, Citi discounted the price target range to present value by applying, for a one-year discount period, an illustrative discount rate of 12.63%, which was selected by Citi based on Green Dot’s assumed cost of equity and application of the capital asset pricing model. The disclosure under the section entitled “The Mergers—Opinion of Green Dot’s Financial Advisor—Summary of Financial Analyses of Citi—Certain Additional Information—Premiums Paid Analysis” in the proxy statement/prospectus is hereby amended by adding the following underlined language to the first sentence of the last paragraph beginning on page 150 of the proxy statement/prospectus: ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Citi reviewed one-day premiums to the unaffected share price reflected in approximately 850 control acquisitions of U.S. public companies from January 1, 2015 through November 21, 2025. The disclosure under the section entitled “The Mergers—Opinion of Green Dot’s Financial Advisor—Miscellaneous” in the proxy statement/prospectus is hereby amended by adding the following underlined language to and deleting the stricken-through language from the first sentence of the first full paragraph on page 151 of the proxy statement/prospectus: ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Citi has acted as financial advisor to Green Dot in connection with the transactions contemplated by the Merger Agreement and the Separation Agreement and will receive an aggregate fee, estimated based on information available as of the date of this proxy statement/prospectus, to be approximately $1314 million for such services, of which $3 million was payable in connection with the delivery of Citi’s opinion to the Green Dot Board and a significant portion of which $11 million is contingent upon the consummation of the transactions contemplated by the Merger Agreement and the Separation Agreement. 10. The disclosure under the section entitled “The Mergers—Opinion of CommerceOne’s Financial Advisor—Green Dot Selected Public Companies Analysis—BaaS Group” in the proxy statement/prospectus is hereby amended by replacing the previously included list of BaaS Group companies on page 154 of the proxy statement/prospectus with the following table and underlined language: ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Green Dot Selected Companies Analysis - BaaS Group(1): Institution Key Financial Metrics Market Data ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 90-Day Price / Total TCE / LTM LTM LTM Effcy. NPAs / Market Daily LTM 2026E Assets TA ROAA ROAE NIM Ratio Assets Cap. Avg. Vol. TBV EPS(1) EPS(1) Company Name ($MMs) (%) (%) (%) (%) (%) (%) ($MMs) (Shares) (%) (x) (x) The Bancorp, Inc. 8,599 9.04 2.55 27.81 4.37 31.4 1.53 2,724.2 629,958 355.4 12.9 9.6 Metropolitan Bank Holding Corp. 8,234 8.78 0.83 8.74 3.76 57.2 1.33 751.2 104,526 104.9 12.7 7.6 Central Pacific Financial Corp. 7,421 7.92 0.90 11.86 3.35 61.1 0.19 797.0 146,515 135.9 12.2 9.4 Pathward Financial, Inc. 7,172 7.98 2.47 23.56 7.34 67.5 1.15 1,598.6 185,085 291.9 8.9 8.3 Republic Bancorp, Inc. 7,015 14.95 1.80 12.27 5.03 51.9 0.33 1,325.2 22,767 127.1 10.4 11.1 Midland States Bancorp, Inc. 6,912 6.61 (2.09) (23.36) 3.53 58.8 0.95 341.2 146,268 74.8 NM 6.0 Triumph Financial, Inc. 6,357 7.87 0.16 1.10 6.46 90.5 1.09 1,272.5 239,149 271.8 NM NM First Internet Bancorp 5,639 5.93 (0.56) (8.47) 1.96 62.4 0.72 168.0 55,905 50.5 NM 4.8 Third Coast Bancshares, Inc. 5,062 8.51 1.28 12.87 3.96 56.3 0.38 515.6 70,141 120.1 10.4 9.6 Coastal Financial Corporation 4,553 10.44 1.10 11.08 7.18 51.3 0.59 1,554.0 117,646 326.8 NM 15.7 MVB Financial Corp. 3,233 10.06 1.00 10.65 3.58 96.2 0.83 327.9 35,009 100.6 10.6 13.1 Cass Information Systems, Inc. 2,454 9.17 1.34 13.35 3.71 78.4 1.14 544.3 78,337 244.5 17.9 14.3 Esquire Financial Holdings, Inc. 2,184 12.78 2.46 19.68 5.97 48.5 0.40 813.4 65,634 307.3 17.6 16.0 (1) Financial data as of or for the LTM period ended September 30, 2025 and recent market data as of November 21, 2025 o The 25th percentile, median (50th percentile), and 75th percentile metrics reflected in Performance Trust’s analysis were calculated directly from the financial and market data for the selected companies set forth in the table above. For each metric, the values for all companies in the group were ranked in ascending order, and the 25th percentile, median (50th percentile), and 75th percentile were determined using standard statistical interpolation across the ranked dataset. For any metric where a selected company’s value was not meaningful ("NM"), that company was excluded from the percentile calculation for that metric only; all other metrics for that company were included in their respective calculations. o Performance Trust's analysis was based on the market-based metrics set forth in the table above, which were selected using Performance Trust’s professional judgment as the most relevant indicators of relative valuation for the selected companies. 11. The disclosure under the section entitled “The Mergers—Opinion of CommerceOne’s Financial Advisor—Green Dot Selected Public Companies Analysis—Traditional Group” in the proxy statement/prospectus is hereby amended by replacing the previously included list of Traditional Group companies on page 155 of the proxy statement/prospectus with the following table and underlined language: ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Green Dot Selected Companies Analysis - Traditional Group(1): Institution Key Financial Metrics Market Data ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 90-Day Price / Total TCE / LTM LTM LTM Effcy. NPAs / Market Daily LTM 2026E Assets TA ROAA ROAE NIM Ratio Assets Cap. Avg. Vol. TBV EPS(1) EPS(1) Company Name ($MMs) (%) (%) (%) (%) (%) (%) ($MMs) (Shares) (%) (x) (x) Camden National Corporation 6,982 7.09 0.86 9.31 3.00 56.0 0.12 675.4 68,780 140.4 11.4 7.5 Northpointe Bancshares, Inc. 6,840 7.65 1.21 12.78 2.39 57.0 0.76 562.9 148,881 107.6 8.6 6.1 Shore Bancshares, Inc. 6,278 7.80 0.94 10.27 3.26 58.4 0.44 554.2 146,328 114.9 9.8 8.6 SmartFinancial, Inc. 5,785 7.78 0.87 9.15 3.25 65.3 0.21 607.4 58,250 137.2 13.0 10.6 Bridgewater Bancshares, Inc. 5,360 7.71 0.80 8.72 2.52 52.8 0.19 468.7 108,040 113.8 12.8 9.3 Alerus Financial Corporation 5,331 8.24 0.95 10.01 3.40 66.5 1.13 551.9 75,482 128.6 11.1 8.9 Peoples Financial Services Corp. 5,160 7.99 1.05 10.93 3.49 56.6 0.34 483.9 29,965 119.8 9.2 7.7 Bar Harbor Bankshares 4,717 7.94 0.87 7.62 3.29 60.8 0.25 494.8 53,737 136.6 12.8 8.5 Arrow Financial Corporation 4,587 8.60 0.79 8.51 3.08 62.6 0.13 498.5 43,138 127.0 14.6 8.9 West Bancorporation, Inc. 3,985 6.40 0.80 13.76 2.22 56.8 0.00 371.5 36,783 145.6 11.5 9.1 Community West Bancshares 3,612 8.33 0.95 9.04 4.07 62.1 0.20 425.5 61,073 145.5 12.5 9.5 Farmers & Merchants Bancorp, Inc. 3,391 8.21 0.95 9.24 3.12 62.2 0.15 339.5 19,776 126.7 10.8 9.6 Bankwell Financial Group, Inc. 3,244 8.93 0.90 10.40 2.96 55.3 0.56 345.0 32,414 122.1 12.3 8.7 FS Bancorp, Inc. 3,209 8.94 1.05 10.89 4.32 65.4 0.63 298.8 15,748 106.3 9.8 8.9 The First Bancorp, Inc. 3,198 7.70 0.99 12.03 2.53 53.3 0.59 287.2 20,159 117.7 9.1 NA Colony Bankcorp, Inc. 3,153 8.00 0.89 9.79 3.01 66.3 0.32 293.3 55,093 118.5 10.6 8.0 Citizens Financial Services, Inc. 3,056 8.09 1.12 10.30 3.40 58.9 0.75 274.9 8,854 114.5 8.1 7.8 (1) Financial data as of or for the LTM period ended September 30, 2025 and recent market data as of November 21, 2025 o The 25th percentile, median (50th percentile), and 75th percentile metrics reflected in Performance Trust’s analysis were calculated directly from the financial and market data for the selected companies set forth in the table above. For each metric, the values for all companies in the group were ranked in ascending order, and the 25th percentile, median (50th percentile), and 75th percentile were determined using standard statistical interpolation across the ranked dataset. For any metric where a selected company’s value was not meaningful ("NM"), that company was excluded from the percentile calculation for that metric only; all other metrics for that company were included in their respective calculations. o Performance Trust’s analysis was based on the market-based metrics set forth in the table above, which were selected using Performance Trust’s professional judgment as the most relevant indicators of relative valuation for the selected companies. 12. The disclosure under the section entitled “The Mergers—Opinion of CommerceOne’s Financial Advisor—Green Dot Comparable Selected Precedent Transactions” in the proxy statement/prospectus is hereby amended by replacing the previously included list of Green Dot Selected Transactions group transactions on page 156 of the proxy statement/prospectus with the following table and underlined language: ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Green Dot Comparable Selected Transactions: Acquiror Target Transaction Details Total Total TCE / LTM LTM NPAs / Transaction Price / Close Assets Assets TA ROAA ROAE Assets Value TBV LTM EPS Date Name ($MMs) Name ($MMs) (%) (%) (%) (%) ($MMs) (%) (x) ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 02/13/26 Nicolet Bankshares, Inc. 9,029 MidWestOne Financial Group, Inc. 6,250 8.36 0.94 10.09 0.52 866.3 165.7 14.7 07/01/25 Independent Bank Corp. 19,408 Enterprise Bancorp, Inc. 4,743 7.65 0.77 10.88 0.55 564.2 154.5 15.5 06/01/25 ConnectOne Bancorp, Inc. 9,724 The First of Long Island Corporation 4,209 8.93 0.52 5.97 0.06 280.8 74.3 12.7 04/01/25 Renasant Corporation 17,510 The First Bancshares, Inc. 7,966 8.33 0.95 8.14 0.25 1,176.9 184.0 15.5 02/28/25 WesBanco, Inc. 18,128 Premier Financial Corp. 8,779 7.95 0.92 8.26 0.74 994.8 146.0 12.5 07/12/24 Eastern Bankshares, Inc. 21,583 Cambridge Bancorp 5,490 8.41 0.84 9.08 0.13 527.1 114.5 11.1 04/01/24 Atlantic Union Bankshares Corp. 20,602 American National Bankshares Inc. 3,113 7.94 1.09 10.32 0.04 444.0 184.7 13.2 02/29/24 Washington Federal, Inc. 20,772 Luther Burbank Corporation 7,922 8.50 1.22 13.35 0.06 653.7 97.0 7.3 03/01/22 SouthState Corporation 40,376 Atlantic Capital Bancshares, Inc. 3,780 8.80 1.28 12.80 0.45 545.3 162.4 12.5 01/01/22 WSFS Financial Corporation 14,334 Bryn Mawr Bank Corporation 5,432 8.08 0.64 5.32 0.23 989.9 228.8 29.8 o The 25th percentile, median (50th percentile), and 75th percentile transaction metrics reflected in Performance Trust’s analysis were calculated directly from the transaction data set forth in the table above. For each metric (including Price/TBV and LTM EPS multiples), the values for all transactions in the group were ranked in ascending order, and the 25th percentile, median (50th percentile), and 75th percentile were determined using standard statistical interpolation across the ranked dataset. No transactions were excluded from the percentile calculations after the initial transaction group was established. o Performance Trust’s analysis was based on the transaction metrics set forth in the table above, which were selected using Performance Trust’s professional judgment as the most relevant indicators of relative valuation for the selected transactions. 13. The disclosure under the section entitled “The Mergers—Opinion of CommerceOne’s Financial Advisor—Green Dot Dividend Discount Analysis” in the proxy statement/prospectus is hereby amended by (i) deleting the stricken-through last sentence of the first full paragraph and (ii) adding the following underlined language as a new paragraph following the first full paragraph, in each case, on page 157 of the proxy statement/prospectus: ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Performance Trust performed a standalone analysis that estimated the net present value of potential dividends that could be distributed to holders of Green Dot Common Stock during the period reflected in the Green Dot Projections and a terminal value per share for Green Dot. Performance Trust calculated the amount of such dividends by assuming (i) Green Dot performed in accordance with the Green Dot Projections and (ii) maintenance of a TCE/TA of 8.50% on a standalone basis (as selected by Performance Trust using its professional judgment and experience after taking into account the details of the Green Dot Merger and observed median ratios for the Green Dot peer groups based on public filings (see tables under Green Dot Comparable Selected Companies Analysis)). To derive an estimate of terminal value per share of Green Dot Common Stock at December 31, 2029, Performance Trust applied multiples of projected December 31, 2029 TBV ranging from 110% to 130% and projected terminal 2029E Price-to-Earnings (“P/E”) multiple ranging from 9.0x to 11.0x, based on the approximate median multiple for Green Dot comparable public companies. The terminal values and estimated dividends were then discounted to present values using discount rates ranging from 11.03% to 13.03%, which were selected using Performance Trust’s professional judgment and experience. As illustrated in the following tables, the analysis indicated a range of per share values of Green Dot Common Stock of $6.17 to $8.09 based on TBV multiple terminal value methodology and $9.03 to $12.13 based on P/E multiple terminal value methodology. The terminal Price-to-Tangible Book Value and Price-to-Earnings multiples selected in the dividend discount model analysis were derived from, and are consistent with, the trading multiples observed across the selected group of publicly traded comparable companies as of the valuation date. This approach reflects standard valuation practices, under which terminal multiples are benchmarked to observable market data for companies with similar financial profiles, business characteristics, and risk attributes. 14. The disclosure under the section entitled “The Mergers—Opinion of CommerceOne’s Financial Advisor—CommerceOne Selected Companies Analysis” in the proxy statement/prospectus is hereby amended by replacing the previously included list of selected companies on page 157 of the proxy statement/prospectus with the following table and underlined language: ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── CommerceOne Selected Companies Analysis(1): Institution Key Financial Metrics Market Data ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────