Fintech Enova to buy Grasshopper Bank for $369M
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Fintech Enova International has agreed to buy Grasshopper Bancorp and its digital bank subsidiary, Grasshopper Bank, for $369 million in cash and stock, the companies said Thursday. Pairing Chicago-based Enova’s online lending platform with Grasshopper’s national bank charter and deposit-gathering capabilities will allow the combined company to access ...