We recently learned that fintech start-up SoFi, which is set to go public through a special purpose acquisition company (SPAC) merger with Social Capital Hedosophia Holdings V (NYSE: IPOE) , is acquiring Golden Pacific Bancorp. Now, this is a tiny bank with just three branches, but it's a far more significant acquisition than it sounds. In this Fool Live video clip, recorded on March 29 , Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss why the move into physical banking is such a big deal.
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Here's Why SoFi's Latest Move Is So Important