Strategic Update November 24, 2025
Green Dot Corporation Disclaimer 2 Forward Looking Statements This presentation
contains statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact are statements that could be deemed to be forward-looking statements. These forward-looking statements include, but are not limited to, certain plans, expectations, goals,
projections, and statements about the benefits or costs of the propos ed transaction, the plans, objectives, expectations and intentions of Green Dot Corporation (“Green Dot”), CommerceOne Financial Corporation (“CommerceOne”), and affiliates
of Smith Ventures LLC (“Smith Ventures”), including future financial and operating results (including the anticipated impact of the proposed transactions), statements related to the expected timing of the completion of the proposed
transactions, the plans, objectives, expectations and intentions of Compass Sub North, Inc. (to be renamed “CommerceOne Financial Corporation” as part of the proposed transactions) following the consummation of the proposed transactions (the
“combined company” or “New CommerceOne”) described herein, and other statements that are not historical facts. You can identify these forward-looking statements through the use of words such as “expects,” “anticipates,” “targets,” “goals,”
“projects,” “predicts,” “forecasts,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may” and “assumes,” variations of such words and similar expressions of the future or otherwise regarding the
outlook for Green Dot’s, CommerceOne’s or the combined company’s future businesses and financial performance and/or the performance of the banking industry and economy in general. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Green Dot, CommerceOne or the combined company to be
materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of,
Green Dot or CommerceOne and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ
materially from those contemplated by the forward-looking statements in this presentation. Many of these factors are beyond Green Dot’s, CommerceOne’s or the combined company’s ability to control or predict, and there is no assurance that any
list of risks and uncertainties or risk factors is complete. These factors include, among others, (1) the risk that the cost savings and synergies from the proposed transaction may not be fully realized or may take longer than anticipated to
be realized, (2) disruption to Green Dot’s business and to CommerceOne’s business as a result of the announcement and pendency of the proposed transaction, (3) the risk that the integration of Green Dot’s and CommerceOne’s respective
businesses and operations, or the separation of Green Dot’s non-bank fintech businesses from Green Dot Bank, will be materially delayed or will be more costly or difficult than expected, including as a result of unexpected factors or events,
(4) the failure to satisfy the conditions to the closing of the transactions among Green Dot, CommerceOne and Smith Ventures, including the failure to obtain the necessary approvals by the stockholders of Green Dot or CommerceOne, (5) the
amount of the costs, fees, expenses and charges related to the transactions, (6) the ability by each of Green Dot, CommerceOne and Smith Ventures to obtain required governmental approvals of the proposed transactions on the timeline expected,
or at all, and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company after the closing of the proposed transaction or adversely affect the expected benefits of the proposed
transactions, (7) reputational risk and the reaction of Green Dot’s or CommerceOne’s customers, suppliers, employees or other business partners to the proposed transactions, (8) challenges retaining or hiring key personnel following the
proposed transactions, (9) any unexpected delay in closing the proposed transactions or th e occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement or separation agreement, (10)
the dilution caused by the issuance of shares of the combined company’s common stock in the transaction, (11) the possibility that the proposed transactions may be more expensive to complete than anticipated, including as a result of
unexpected factors or events, (12) risks related to management and oversight of the business and operations of the combined company and the separation of Green Dot’s non-bank fintech business from Green Dot Bank and the combined company, (13)
the possibility the combined company is subject to additional regulatory requirements or consent orders as a result of the proposed transactions, (14) the outcome of any legal or regulatory proceedings or governmental inquiries or
investigations that may be currently pending or later instituted against Green Dot, CommerceOne or the combined company, and (15) general competitive, economic, political, regulatory and market conditions and other factors that may affect
future results of Green Dot, CommerceOne and the combined company, including changes in asset quality and credit risk; the inability to sustain or achieve revenue and earnings growth; changes in interest rates and capital markets; inflation;
customer borrowing, repayment, investment and deposit practices; the ability to raise or maintain liquidity, funding, and capital; the impact, extent and timing of techno logical changes; capital management activities; fraudulent or other
illegal activity involving the products and services of Green Dot, CommerceOne or the combined company; cybersecurity risks, including cyber-attacks or security breaches; and fluctuations in operating results. Additional factors which could
affect future results of Green Dot can be found in Green Dot’s filings with the Securities and Exchange Commission (the “SEC”), including in Green Dot’s Annual Report on Form 10-K for the year ended December 31, 2024, under the captions
“Forward-Looking Statements” and “Risk Factors,” and Green Dot’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Undue reliance should not be placed on any forward-looking statements, which are based on current expectations
and speak only as of the date that they are made. Green Dot, CommerceOne and Smith Ventures do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as
otherwise may be required by law.
Green Dot Corporation Disclaimer (cont’d) 3 Important Information About the
Transaction and Where to Find It New CommerceOne intends to file a registration statement on Form S-4 with the SEC to register the shares of New CommerceOne common stock that will be issued to CommerceOne stockholders and Green Dot
stockholders in connection with the proposed transactions. The registration statement will include a joint proxy statement of Green Dot and CommerceOne that also constitutes a prospectus of New CommerceOne. The definitive joint proxy
statement/prospectus will be sent to the stockholders of each of Green Dot and CommerceOne in connection with the proposed transactions. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND JOINT PROXY
STATEMENT/PROSPECTUS WHEN THEY BECOME AVAILABLE (AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTIONS OR INCORPORATED BY REFERENCE INTO THE JOINT PROXY STATEMENT/PROSPECTUS) BECAUSE SUCH DOCUMENTS WILL CONTAIN
IMPORTANT INFORMATION REGARDING THE PROPOSED TRANSACTIONS AND RELATED MATTERS. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by Green Dot or Holdco through the website
maintained by the SEC at http://www.sec.gov. Documents filed with the SEC by Green Dot will also be available free of charge by contacting the investor relations department of Green Dot at IR@greendot.com or by accessing the “Investor
Relations” page of Green Dot’s website at https://ir.greendot.com/financial-information/sec-filings. Before making any voting or investment decision, investors and security holders of Green Dot and CommerceOne are urged to read carefully the
entire registration statement and joint proxy statement/prospectus when they become available, including any amendments thereto, because they will contain important information about the proposed t ransactions. Free copies of these documents
may be obtained as described above. Participants in Solicitation Green Dot and CommerceOne and certain of their respective directors and executive officers and other members of management and employees may be deemed to be participants in
the solicitation of proxies from Green Dot’s stockholders in respect of the proposed transactions under the rules of the SEC. Information regarding Green Dot’s directors and executive officers is available in Green Dot’s proxy statement for
its 2025 annual meeting of stockholders, filed with the SEC on April 11, 2025 (and available at https://www.sec.gov/Archives/edgar/data/1386278/000138627825000020/gdot-20250411.htm) (the “Green Dot 2025 Proxy”), under the headings “Corporate
Governance and Director Independence,” “Proposal No. 1 Election of Directors,” “Security Ownership of Certain Beneficial Owners and Management,” “Our Executive Officers,” “Executive Compensation” and “Transactions with Related Parties,
Founders and Control Persons,” and in Green Dot’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 3, 2025 (and available at
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001386278/000138627825000009/gdot-20241231.htm), and in other documents subsequently filed by Green Dot with the SEC, which can be obtained free of charge through the website maintained by the
SEC at http://www.sec.gov. Any changes in the holdings of Green Dot’s securities by Green Dot’s directors or executive officers from the amounts described in the Green Dot 2025 Proxy have been or will be reflected on Initial Statements of
Beneficial Ownership of Securities on Form 3 or on Statements of Change in Ownership on Form 4 filed with the SEC subsequent to the filing date of the Green Dot 2025 Proxy and are available at the SEC’s website at www.sec.gov. Additional
information regarding the interests of such participants will be included in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC. No Offer or Solicitation This presentation relates to the proposed
transactions and is for informational purposes only and is not intended to, and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale
of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Non-GAAP Financial Measures This presentation includes non-GAAP financial measures including Tangible Book Value. These non-GAAP financial measures
are in addition to, and not as a substitute for or superior to measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures. For example, other
companies may calculate similarly-titled non-GAAP financial measures differently.
Green Dot Corporation Green Dot’s Strategic Transformation Two-part transaction
following 6-month+ review of strategic alternatives which included discussions with FinTechs, Consumer Lenders, Banks, and Financial Sponsors. ~72% Ownership GDOT Shareholders ~28% Ownership CommerceOne Shareholders 4 “MSA” Long-Term
Commercial Partnership Sale of GreenDot’s Embedded Finance OpCo. BaaS SBTPG Consumer PayCard GDN To be Sold to Total OpCo. Purchase Price(2) $690mm Publicly-Traded Combined BankCo. TBV(1) $490mm Total Deposits $5.5bn Total
Assets $6.3bn Source: Factset, Company filings. Note: Market data as of November 21, 2025. Financial metrics reflect combined estimated post-transaction values as of June 30, 2026, estimated close for illustrative purposes. TBV denotes
Tangible Book Value. (1) Includes impact of $155mm capital infusion. (2) Includes equity purchase price of $625mm plus retirement of $65mm of GDOT unsecured notes. (3) Implied aggregate value and implied value per share based on $470mm in
cash ($8.11 per share) plus GDOT share of combined BankCo assuming an illustrative multiple range of 1.00x (tangible book value) – 1.81x (median of selected peers) applied to ~$490mm of combined tangible book value, at 72.2% pro forma
ownership, and fully diluted shares outstanding of 57.972mm, net of estimated tax leakage. Selected peers include TBBK, CASH, CCB, AX, FINW, MFIN, and MVBF. $14.23 – $19.18 $155mm Capital Infusion in BankCo. Merger With $470mm Cash
Consideration to GDOT Shareholders $65mm Retirement of Unsecured Notes (3) Illustrative Total Value Per Share Delivered to GDOT Shareholders at Closing
Green Dot Corporation Key Transaction Terms Structure CommerceOne Financial
Corporation (“C1”) to acquire Green Dot Corporation, (“GDOT”), then sell GDOT’s Embedded Finance business (“OpCo”) to affiliates of Smith Ventures LLC Pro forma combined GDOT + C1 (“BankCo”) will enter into a seven-year commercial agreement
with OpCo to serve as exclusive bank sponsor for the OpCo’s digital banking platform Consideration GDOT shareholders will receive $8.11 per share in cash consideration plus 0.2215 shares of C1 for every share of GDOT Illustrative total
value per share of $14.23 – $19.18 per share(1) ~91% – 157% premium to GDOT’s March 7th share price, last trading day prior to strategic review announcement ~37% – 85% premium to GDOT’s VWAP since March 10th, first trading day since
strategic review announcement ~21% – 63% premium to GDOT’s November 21st share price, last trading day prior to the transaction announcement $825mm – $1.1bn implied aggregate value $470mm aggregate cash consideration $355mm – $642mm value
of stock consideration issued by C1 to GDOT shareholders at 0.2215x exchange ratio(1) Financing Sources Committed debt and equity financing of $515mm and $200mm, respectively and balance sheet cash BankCo Governance C1 management and
board to lead combined BankCo Timing Transaction is expected to close in second quarter of 2026, subject to shareholder and regulatory approvals Other OpCo sold for $690mm purchase price in cash (including $65mm of Unsecured Notes), of
which $155mm is contributed to BankCo for regulatory capital purposes GDOT Unsecured Notes outstanding to be retired in connection with the transactions 5 Source: Factset, Company filings. Note: Market data as of November 21, 2025.
Financial metrics reflect combined estimated post-transaction values as of June 30, 2026, estimated close for illustrative purposes only. (1) Implied aggregate value and implied value per share based on $470mm in cash ($8.11 per share) plus
GDOT share of combined BankCo assuming an illustrative multiple range of 1.00x (tangible book value) – 1.81x (median of selected peers) applied to ~$490mm of combined tangible book value, at 72.2% pro forma ownership, and fully diluted shares
outstanding of 57.972mm, net of estimated tax leakage. Selected peers include TBBK, CASH, CCB, AX, FINW, MFIN, and MVBF.
1 Transaction Unlocks Significant Value for Shareholders Realize significant up-front
value for embedded finance assets while providing upside potential via participation in bank sponsorship platform Creates a more stable and resilient bank with strengthened capital levels, diversified funding, multiple growth drivers, and
durable returns Ability to participate in significant growth of Embedded Finance OpCo via attractive structure delivering $30mm+ of recurring annual fees Capital infusion unlocks incremental capacity to reposition balance sheet and increase
investments in risk & compliance infrastructure 1 2 3 4 5 6 Note: (1) Reflects implied value of ~$35mm in illustrative annual earnings uplift via potential asset re-deployment, and a ~10x P/E multiple (median of selected
peers). Green Dot Corporation Line of sight to sustainable long-term growth driven by highly efficient platform expansion and $350mm+ of potential incremental value(1)
Green Dot Corporation Potential for Significant Value Creation Opportunity 7 Source:
Factset, Public filings, and SNL financial. Market data as of November 21, 2025. Financial metrics reflect combined estimated post-transaction values as of June 30, 2026, estimated close for illustrative purposes only. Note: (1) Implied
aggregate value and implied value per share based on $470mm in cash ($8.11 per share) plus GDOT share of combined BankCo assuming an illustrative multiple range of 1.00x (tangible book value) – 1.81x (median of selected peers) applied to
~$490mm of combined tangible book value, at 72.2% pro forma ownership, and fully diluted shares outstanding of 57.972mm, net of estimated tax leakage. Selected peers include TBBK, CASH, CCB, AX, FINW, MFIN, and
MVBF. ~$490mm ~$355mm Illustrative Tangible Book Value Multiple Range Bottom Quartile of Selected Peers 1.00x Median of Selected Peers ~1.25x ~1.80x Illustrative Total Value Per Share Delivered to GDOT Shareholders at
Closing(1) $14.23 $15.63 $19.18 Includes $8.11 Cash Consideration Per Share Attributable to Sale of Embedded Finance Business 1 Combined BankCo Tangible Book Value @ Close Combined BankCo TBV Attributable to GDOT Shareholders @
Close ~72% GDOT Shareholders Pro Forma Ownership In addition to receiving $8.11 per share in cash consideration resulting from the sale of OpCo, GDOT shareholders also share in the significant value creation opportunity via their ~72%
ownership in combined BankCo.
Green Dot Corporation : The Premier Partner for Highly Efficient Branch-Lite
Operating Platform Leading Commercial-Focused Credit Culture LTM Efficiency Ratio NCL Event in Company History Strong Capital Position and Regulator Relationships MRQ CET1 Ratio Robust Operating Leverage With Attractive Growth
Profile 40% 1 12% 47% 2020 - 2024 Earnings CAGR Assets $840 Deposits $745 TBV Net Inc. $85 $12 Key Stats Q3 2025 / LTM ($mm) 8 1 Combining CommerceOne’s Best-in-Class Relationship-Driven Origination Platform With GDB’s Highly
Efficient Deposit Strategy Green Dot Corporation Note: GDB denotes Green Dot Bank. $
Green Dot Corporation A Balanced, Multi-Faceted Banking Platform Pro Forma
Institution Deposit-Focused Institution Credit-Focused Institution Combined Benefits Fortified Balance Sheet Efficient, Diversified Deposit Gathering Robust Asset Generation Risk & Compliance Investment Commercial Credit Expertise
Leading Return Profile Strong Capitalization Highly Efficient Deposit Gathering Recurring Fee Income Scalable Operating Leverage 1 9
Green Dot Corporation Creating a Leading Sponsor Banking Platform Diversified Revenue
Mix with Significant Fee Income Drives Enhanced Platform Stability Best-in-Class Growth Engine With Highly Efficient CAC Enabled via Long-Term Partnership Attractive Financial Profile Enhanced via Complementary Asset / Deposit Mix Improved
Capital Position Unlocks Growth & Product Development Opportunities Robust Yield Optimization Opportunity via Potential Asset Redeployment Investment Highlights Highly Efficient Deposit Gathering Robust Asset Generation
Capabilities Attractive Fee Generation via Embedded Finance Co Partnership Providing Banking Infrastructure to Support Financial Services Offerings of Leading Brands BaaS Platform Deposits Commercial Treasury Private Banking Commercial
Lending HELOC Select CRE 10 1
Green Dot Corporation Strong Pro Forma Positioning vs Key Peers Current Selected BaaS
Peers(2) Loans % of Earning Assets Fwd. Earnings Growth Efficiency Ratio(3) ROATCE(4) T1 Leverage Highly Complementary Asset / Deposit Mix Enhances ROA Profile Recurring Fee Income Coupled with Stable NII & Strong Credit
Performance Highly Efficient Operating Platform With Minimal Deposit CAC Improved Capital Position Paves Way for Future Growth NM NM ~8% MRQ Bank Level ~80% 2024 ~1% MRQ 11 ~15% At Close(1) ~35% 2027E - 2028E ~40% Long-Term
Target ~15%+ Long-Term Target ~11% At Close(1) ~80% Q3 2025 ~12% 2025E – 2026E ~50% LTM (3Q ’25) ~18% LTM (3Q ’25) ~10% LTM (3Q ’25) Key Takeaways Source: Factset, Public filings, and SNL Financial. Note: Market data as of
November 21, 2025. Metrics for Selected BaaS Peers reflect median of selected peer set. Assumes June 30, 2026, transaction close date for illustrative purposes. (1) Assumes June 30, 2026, transaction close for illustrative purposes including
purchase accounting adjustments. (2) Selected peers include TBBK, CASH, CCB, AX, FINW, MFIN, and MVBF. (3) Reflects Noninterest Expense / Total Net Revenue. (4) Reflects Net Income / Average Tangible Common Equity. 1 Strong Operating
Leverage Drives Robust Earnings Growth Trajectory Median of Selected Peers(2) ~1.80x ~10x P / 2026E P / TBV
Green Dot Corporation Framing the Embedded Finance Opportunity 12 Embedded Finance
Prospects Embedded finance is relevant to almost any company Greater brand loyalty Better transaction / user experiences Increase customer adoption Enrich data sets Faster access to earned money Deliver superior products more
efficiently Strengthen value proposition Improve automation What Consumers and SMBs Value Improved Speed of Cash Flow Better User Experience and Convenience 158M+ Americans need simple financial tools and transaction
capabilities(1) 29M+ Businesses in America employ less than 20 people(2) Consumers and Business Owners are Changing Consumers and small businesses are increasingly turning to non-traditional providers of financial services, utilizing
embedded finance to make their lives easier A Significant Growth Opportunity Embedded finance currently represents a $230bn+ market opportunity across the small and medium-size business segment, the consumer segment, and the enterprise
segment Expanded Distribution of Financial Services Businesses recognize the changes in customer behavior and are building capabilities to deliver financial services via platform partners Regulated Institutions Remain Key While the
delivery of financial services is undergoing a fundamental shift, access to the banking system will always require working with regulated financial institutions 2 Source: (1) Federal Reserve Board. (2) Pew Research Center.
Green Dot Corporation Ability to Capitalize on Sizable Opportunity Set 13 Current
Embedded Finance TAM $230bn+ $115bn Money Processing BaaS $75bn Consumer & Retail $40bn The Long-Term Commercial Arrangement Allows the Pro Forma BankCo to Support and Benefit from a Large, Attractive, and Fast-Growing Market
Opportunity 2 ’23A – ’27E Embedded Finance 20% CAGR Source: BCG 2025 Global Payments Report, Company estimates.
Green Dot Corporation Sponsor Bank Services Long-Term Commercial Partnership MSA
allows combined BankCo to benefit from strong tailwinds of the Embedded Finance OpCo via attractive, recurring fee structure, with efficient access to multiple high-quality deposit partners through one consolidated channel. Embedded Finance
OpCo Combined BankCo Deposit Custody BIN Sponsorship Second Line Risk Liquidity Support Business Development Program Mgmt. First Line Risk Technology Infrastructure Volume / Transaction Based Fees ~$30mm+ Annual Fee
Income(1) Efficient Deposit Acquisition ~25%+ 7-Year 14 2 Expected CAGR in Sponsor Fees Initial Agreement Term Note: (1) Reflects total MSA-related fees excluding impact of interest sharing arrangements.
Green Dot Corporation Illustrative Pro Forma Operating Structure The combined BankCo
will be responsible for providing the necessary banking and regulatory infrastructure to enable ultimate product delivery and business development by the Embedded Finance OpCo and future partners. 15 Embedded Finance Co Embedded Finance
Co Embedded Finance Co Sponsorship Operations BSA / AML Banking Core Compliance BaaS BIN Card Processors API Layer Sandbox Program Mgmt. Money Movement Compliance / Risk Payments API / SDK by Partner Developed and Managed by Embedded
Finance Co End Markets Vertical Software Retail eCommerce FinTech SMBs Health Illustrative BaaS B2B2C Operating Detail End Customers Sponsor Bank Middleware Operations User Interface End Markets 2
Green Dot Corporation Robust Yield Optimization Opportunities Assumed Repositioning of
100% of Securities Into MRQ Cash Yield Assumed Redeployment of 40% of Cash & Securities Into Loans Near-Term 51% 1% MRQ Earning Asset Mix MRQ Yield ~4.5% ~2.5% IB Cash Securities Current Securities Yield ~2.5% Q3
2025 Illustrative Opportunities 16 Current Cash Yield ~4.5% ~$35mm Annual Potential Earnings Uplift ~3.5% Current Cash & Securities Yield Illustrative Risk-Adjusted Loan Yield ~7.0% ~$65mm+ Annual Potential Earnings
Uplift(1) 3.5% Cash & Securities Yield Note: (1) Assumes 40% of Q3 ’25 average cash and 40% of Q3 ’25 average securities are re-invested into loans at a 7% illustrative risk-adjusted yield with the remainder of securities re-invested
at the Q3 ’25 yield on cash of ~4.55%, tax-effected at 25%. 3 Loans IB Cash Securities 48% $4.3bn Avg. Earning Assets Long-Term
Green Dot Corporation Attractive Levers for Future Growth 17 Third Party Sponsor
Banking Partnerships Sign additional partners outside of the MSA for sponsor banking services 3 BaaS Credit Origination / LaaS Offer “Lending as a Service” in addition to current sponsor banking suite Direct to Consumer Credit
Products Unsecured Credit Card, Personal Loans Increased Commercial Lending Capacity Enhanced scale allows for increased deployment of capital into near-term commercial lending opportunities Near-Term Potential Long-Term
Initiatives Medium-Term $
Green Dot Corporation Roadmap for Risk and Compliance Investments Transaction
establishes a platform capable of executing a focused strategy to reinforce governance, elevate compliance infrastructure, and improve capital positioning. 18 4 1 2 3 4 5 Capitalization & Balance Sheet Repositioning Strengthen
Compliance Culture Focus On Core Banking & BaaS Operations Build Scalable Compliance Infrastructure & Systems Targeted Talent Investments
Green Dot Corporation 19 Note: Assumes June 30, 2026 transaction close date for
illustrative purposes. 5 Increased Scale Enhanced Capital Stable, Robust Returns $6bn Combined Total Assets @ Close ~11% Tier 1 Leverage @ Close ~15% Long-Term Target ROATCE Creating a More Stable and Resilient Bank $155mm capital
infusion, complementary pro forma business mix, and diversified funding strategy enhances long-term platform stability. +
Green Dot Corporation CommerceOne Overview
Green Dot Corporation Source: Company filings, SNL Financial. Financial data as of
September 30, 2025 unless otherwise noted. Overview CommerceOne Financial Corporation (“C1” or the “Company”) is a bank holding company. CommerceOne Bank (“C1 Bank”) is a state-chartered commercial bank headquartered in Birmingham, AL and
is primarily regulated by the FDIC Founded in 2018, the Company is primarily engaged in commercial banking operations offering a variety of lending solutions, deposit products, and cash flow management services to businesses in multiple
sectors The Company operates via a branch-lite model (headquarters and single branch), with a commercially-focused business development team that seeks to generate new business and serve in a relationship management capacity In addition to
its commercial business, C1 also offers both deposit accounts (checking / savings) and secured loans to consumers with a focus on Private Banking relationships C1 has only experienced one NCL event in its history, and has never reported a
net charge-off ratio in excess of 0.75% The Company has grown its earnings at a 47% CAGR since 2020 Company Description By the Numbers ~$840mm Total Assets ~$745mm Total Deposits ~$85mm Tangible Book Value ~$12mm LTM Net
Income ~15% LTM ROATCE ~12% MRQ CET1 Ratio ~40% LTM Efficiency Ratio ~47% Net Income CAGR Since 2020 LTM as of Sept. 2025 Earning Asset / Deposit Mix 6.5% Total Yield 3.0% Cost of Funds 3.7% NIM Earning Assets
Deposits Commercial Deposit Loans Checking, Savings Ancillary Cash Flow Mgmt. & Analysis Services Term Loans, Equipment Loans, Working Capital LOC, CRE, SBA, Specialty Vehicle Consumer Deposit Loans Checking, Savings, Money
Market Home Equity Line, Home Equity Loan, Construction Loan, LOC 21 Product Suite Construction 1-4 Family and HELOC Multifamily and CRE C&I Consumer Other Cash and Securities 7% 17% 32% 27% 2% 17% 32% 63% MMDA
& Savings Demand 5% Time
Green Dot Corporation Scaling Beyond the Community Bank Model CommerceOne Bank ranks
#1 in average profitability and organic growth when compared to its national de novo bank peers Market-Leading Profitability Best-in-Class Efficiency Robust Asset Generation 1.5% Avg. ROA vs 1.0% Peer Median $745mm Deposits /
Branch vs $150mm Peer Median 2022-2025 LTM Avg. Outside of its HQ, C1 has 1 Branch(1) ~83% Loans / Assets ~32% C&I Mix C1 C&I 2x Peer Median C1 Earns Premium Risk-Adj. Yields Source: SNL Financial. Note: Peer criteria: US
regulated C-Corp depositories with MRQ assets between $750mm - $1.5bn and LTM asset growth over 10% 22 (excludes CommerceOne). (1) CommerceOne Branch opened in October 2025.
Green Dot Corporation Appendix
Green Dot Corporation Implied Value Per Share Reconciliation Note: (1) Based on
transaction exchange ratio of 0.2215x and GDOT fully diluted shares of 57.972mm. 24 ($ in millions except per share values) Tangible Book Value Bottom Quartile P / TBV Multiple of Selected Peers Median P / TBV Multiple of Selected
Peers 2Q'26 TBV for Consolidated BankCo At Closing $491 $491 $491 (x) Illustrative P / TBV Multiple Range 1.00x 1.23x 1.81x Implied BankCo Equity Value $491 $604 $889 (x) Green Dot Shareholders Ownership of BankCo
(1) 72.2% 72.2% 72.2% Implied Pro Forma Value to Green Dot Shareholders $355 $436 $642 (+) Cash Distributed to Green Dot Shareholders 470 470 470 Implied Value to Green Dot Shareholders $825 $906 $1,112 (/) Green Dot Diluted
Shares Outstanding 58.0 58.0 58.0 Total Implied Value Per Share to GDOT Shareholders $14.23 $15.63 $19.18