San Francisco-based Tasi Bank, a Minority Depository Institution (MDI), partners with Green Check to enhance its banking services for the regional cannabis industry, aiming to expand its boutique cannabis banking program and ensure compliance with evolving regulations.
Facts
- Tasi Bank, a division of the Bank of Guam, is a Minority Depository Institution (MDI) and a US Small Business Administration Preferred Lender.
- Tasi Bank partners with Green Check (GC), a start-up offering financial solutions for the cannabis industry.
- Tasi Bank provides a range of banking and fintech services, including deposit accounts, loans, online and mobile banking, and remote deposit capture, to support financially excluded communities.
- The partnership allows Tasi Bank to utilize tailored financial solutions from GC for the regional cannabis industry.
- GC has served over 140 financial institutions and 7,000 cannabis-related businesses since 2017, led by a team of technology, banking, and regulatory experts.
- Dave Jones, president of Tasi Bank, highlights the partnership’s role in enhancing the bank’s cannabis banking capabilities and ensuring compliance with evolving regulations.
- Kevin Hart, CEO of GC, emphasizes the agreement’s aim to provide better banking solutions to underbanked cannabis businesses in San Francisco and beyond.
