Dave Announces Letter of Intent to Enter into Strategic Partnership with Leading Sponsor Bank
Dave Inc. - Class A (DAVE)
Last dave inc. - class a earnings: 11/13 04:05 pm
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US:NASDAQ Investor Relations:
ir.famousdaves.com
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Source: GlobeNewswire
LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today announced that it has entered into a non-binding letter of intent (the “LOI”) to form a strategic partnership with a leading bank whose parent is publicly-traded (the “Sponsor Bank”). Under the terms of the LOI, the Sponsor Bank will originate Dave’s ExtraCash product, hold Dave member deposit accounts, including checking and savings accounts, issue physical and virtual debit cards, provide ACH processing, and collaborate with Dave to launch next-generation banking and credit products in support of Dave’s mission of leveling the financial playing field for everyday Americans. “We are excited to partner with what we believe to be one of the most highly respected sponsor banks in the industry. Given the scale we’ve achieved and the strong member growth we continue to experience, we believe it is the right time to further diversify our key comm
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DAVE
Earnings
- 11/12/24 - Beat
DAVE
Sec Filings
- 12/2/24 - Form 4
- 11/14/24 - Form 4
- 11/14/24 - Form SC
- DAVE's page on the SEC website