The parent of the $1.2 billion-asset Cogent Bank has added
teams to focus on blockchain-enabled customers, cannabis banking, premium
finance and public finance.
Cogent said in a press release that it is working with
Green Check Verified, a cannabis-focused fintech, to offer its products and services
to the industry’s supply chain system. That would include growers,
manufacturers, distributors and dispensaries.
The company is also offering loans to help
clients pay for business insurance premiums ranging from $500 to $26
million.
The public finance business backs municipal and state governments,
school districts, and utilities authorities.
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