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Adam Eckert

FOUND: Why sofi technologies shares are trading higher today | Mind Blowing Facts

SOFI SoFi Technologies Inc

SoFi Technologies Inc (NASDAQ:SOFI) is trading significantly higher Wednesday morning after the company announced it received approval to become a Bank Holding Company.

The Office of the Comptroller of the Currency and the Federal Reserve approved SoFi's applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp. SoFi will operate its bank subsidiary as SoFi Bank, National Association.

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