Grasshopper Bancorp Acquired by Enova | Financial Services M&A Deal

Enova has acquired Grasshopper Bancorp, a banking business in Colorado, for $18.2 million. Grasshopper Bancorp operates as a Colorado-based bank, and Enova acquisitions are aimed at expanding its footprint in financial services M&A through a merger acquisition platform in CO acquisitions. The Grasshopper Bancorp acquisition would give Enova a national bank charter, supporting operations across the U.S. without state interest-rate caps that constrain high-cost lending. Enova acquisitions are structured as a strategic acquisition and announced merger acquisition, with Enova expecting to close in the second half of 2026.