
Golden Pacific Bancorp
Community bank providing personal and business banking.
Founded in 1986, Golden Pacific Bancorp established itself as a community business bank focused on serving the Sacramento region of California. For decades, it operated with a commitment to providing personal and business banking services through its local branches. The company's trajectory took a significant turn in March 2021 when the digital personal finance company, SoFi, announced it would acquire Golden Pacific Bancorp for approximately $22.3 million. This move was a key strategic step for SoFi to obtain a national bank charter, allowing it to hold deposits and issue loans more efficiently. The acquisition was completed in February 2022. Following the acquisition, Golden Pacific Bank was renamed SoFi Bank, N.A., with its community bank business operating as a division. Virginia Varela, the President and CEO of Golden Pacific at the time of the acquisition, continued to lead the community bank division.