Tasi Bank taps Green Check to cultivate its cannabis banking capabilities
San Francisco, US-based community bank Tasi Bank is aiming to cultivate its banking programme for cannabis businesses across the Bay Area through its new partnership with Green Check (GC), a start-up which provides financial solutions for the cannabis industry.
Tasi Bank partners with Green Check
As a Minority Depository Institution (MDI) and a US Small Business Administration Preferred Lender, Tasi Bank, a division of the Bank of Guam, supports a consolidated offering of banking and fintech capabilities to serve the region’s financially excluded communities, with services including deposit accounts, loans, online and mobile banking and remote deposit capture.
Its newfound agreement with GC allows it to tap financial solutions that are specifically tailored to the regional cannabis industry, with the aim of ultimately broadening its boutique cannabis banking programme.
Since 2017, GC has provided technology and advisory services to more than 140 financial institutions and over 7,000 cannabis-related businesses, led by a team of technology, banking and regulatory experts.
Dave Jones, president of Tasi Bank, says its partnership with GC “adds another tool to our cannabis banking arsenal as we continue to reinvent modern-day banking”.
Jones adds that GC’s platform will help the bank “keep growing our client base with local cannabis businesses – all while monitoring the performance of our cannabis portfolio and ensuring compliance with evolving regulations”.
Kevin Hart, CEO of GC, acknowledges how its new partner “doesn’t shy away from serving the underbanked” and that the agreement will enable the provision of financial services to cannabis businesses “in dire need of better banking solutions”.
“Together, we’re helping open up more doors for legal cannabis businesses throughout San Francisco and beyond.”
