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Here's Why SoFi's Long-Awaited Bank Charter Will Make the Business Better

Bram Berkowitz, The Motley Fool
·4 min read
Here's Why SoFi's Long-Awaited Bank Charter Will Make the Business Better
In this article:
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After a difficult few months for the stock, SoFi (NASDAQ: SOFI) shareholders got some welcome news recently when regulators approved the company's application to become a bank. Now, SoFi will be able to complete its previously announced acquisition of Golden Pacific Bancorp and become a bank holding company. Following the news of the bank charter, SoFi's stock shot up.

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