Genesis Bank in Calif. launches escrow division

Genesis Bank in Newport Beach, Calif., has created an escrow division. 

The $95.1 million-asset bank said in a press release Tuesday that Genesis Bank Escrow handles commercial and commercial real estate-related escrow transactions, including compliance with local, state and federal real estate guidelines. 

Genesis launched the division after hiring Michelle Gregorian. 

“Over multiple decades, our team has successfully built, acquired and operated numerous leading commercial escrow companies across the bank’s target markets,” Stephen Gordon, the bank’s chairman and CEO, said in the release. 

“Our extensive collective experience in the escrow business, through many cycles, has enabled us to successfully launch our escrow division with a highly skilled team of professionals and leading-edge technology,” Gordon added. 

Genesis Bank opened in August 2021.