Green Dot Corporation shares rise 1.42% after-hours following Brandon Soto's appointment as CFO at Coastal Financial Corporation.

Green Dot Corporation rose 1.42% in after-hours trading, with the company's stock price increasing following the appointment of Brandon Soto as the new Chief Financial Officer of Coastal Financial Corporation. Mr. Soto's extensive experience in financial operations and his previous role at Square Financial Services, Inc. (a subsidiary of Block, Inc.) are expected to bring significant operational excellence to Coastal Financial Corporation.