Home Blockchain Cogent Bank expands services to include cannabis and blockchain banking teams

Cogent Bank expands services to include cannabis and blockchain banking teams

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Cogent Bank expands services to include cannabis and blockchain banking teams

Cogent Bank has diversified its range of products and services by launching four new teams focused on cannabis banking, blockchain-enabled businesses, premium finance lending and public finance. The full-service commercial bank sees its efforts to support these customer-focused niches as an investment in the future of the bank.

“Cogent Bank continues to expand its personalized services to meet the unique needs of each business,” said Brandon Box, president of the Southwest Florida market at Cogent. “Growth in different, innovative and diverse verticals enables our seasoned bankers to drive results for our clients.”

For example, Cogent plans to work with the high-growth cannabis market to provide banking solutions for growers, manufacturers, distributors, dispensaries, and other related industries and professionals. The years of experience of the company’s executives, coupled with board and regulatory support, will provide the knowledge needed to meet the unique challenges of cannabis businesses, Cogent reports.

The bank also masters the risks, dynamics, fund flows, decentralized organizations, blockchain integration, protocol development and changing regulatory landscape behind blockchain-based payments that are critical to the success of customers in this vertical.

Of course, Cogent’s expansion isn’t limited to non-traditional services. The bank understands that even as the industry evolves, it is still essential to sustain and expand traditional banking services.

Cogent now offers premium finance loans to insurance agents to help their clients pay business insurance premiums ranging in price from $500 million to $26 million. The underwriting process is streamlined and pricing is competitive, reports Cogent.

The bank’s public finance vertical supports local, county and state governments as well as entities such as school districts and water, sewer and utility authorities. This division serves the unique financial needs of the public sector nationwide, meeting operational needs and maximizing taxpayer dollars with full-service solutions designed for government entities.

Cogent is a state-chartered bank that has operated as a full-service commercial and personal bank since 2001. With over $1 billion in total assets, Cogent offers several banking centers in northern and central Florida and has recently expanded to southwest Florida.

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