Grasshopper Bancorp, a leading digital bank, has successfully completed the merger of its subsidiary, Grasshopper Bank, with Auto Club Trust, expanding its services to over 13 million AAA members. The acquisition, valued at $1.4 billion in assets, enables Grasshopper to offer exclusive depository and lending services across a 14-state region, while continuing to innovate with its digital banking platform. The deal strengthens Grasshopper’s consumer banking division and introduces new leadership, including Jai Raju, who will head the newly formed data business line.
Grasshopper Bancorp, Inc. Announces Completion of Grasshopper Bank’s Merger with Auto Club Trust, FSB
