Enova acquires Grasshopper Bank for $369M; OCC and Fed approval pending
Enova International issued acquisition subject to OCC and Federal Reserve approval affecting Grasshopper Bancorp / Grasshopper Bank on December 12, 2025.
- Primary
- Enova International
- Counterparty
- Grasshopper Bancorp / Grasshopper Bank
- Amount
- $369M
- Structure
- acquisition subject to OCC and Federal Reserve approval
- Date
- December 12, 2025
- Sub-sector
- Neobank
Enova combines digital lending with Grasshopper's BaaS platform under national bank charter; expected close H2 2026 pending regulatory approval.
Source: finance.yahoo.com