SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (NASDAQ: SHFS) and Five Star Bank, a New York-based subsidiary of Financial Institutions, Inc. (NASDAQ: FISI), are partnering to expand crucial access to cannabis banking nationwide.
Safe Harbor’s fintech platform provides a single point of access for commercial deposit bank accounts, access to payment services and treasury management for licensed cannabis businesses through its network of partner financial institutions. Backed by Five Star Bank’s ability to dedicate up to $1 billion in deposit capacity through its relationship with Safe Harbor, cannabis …