SHF Holdings, Inc., dba Safe Harbor Financial (NASDAQ: SHFS), a Golden-based fintech provider of financial services and credit facilities to the regulated cannabis industry, announced today that its current CEO, Sundie Seefried, plans to retire in 30 days. Karl A. Racine, chair of Safe Harbor’s Nominating and Governance Committee, has been overseeing due diligence activities...
SHF Holdings Inc., dba Safe Harbor Financial (NASDAQ: SHFS), has surpassed $25 billion in processed cannabis-related funds through its network of partner banks. This achievement coincides with the Golden company’s 10th anniversary, highlighting its role in providing reliable financial services within the regulated cannabis industry. Sundie Seefried, CEO of Safe Harbor Financial said, “Our founding...
SHF Holdings Inc., dba Safe Harbor Financial (NASDAQ: SHFS), has extended and modified its commercial alliance agreement with Partner Colorado Credit Union (“PCCU”) for four years. The modification eliminates the $1.2 million indemnity liability reported on the balance sheet as of Sept. 30, 2024, effective Jan. 1, 2025. Additionally, Golden-based Safe Harbor will no longer...
Colorado Gives Day, held on Dec. 10, raised $54.6 million, marking one of the largest giving events in the nation, with 4,533 participating nonprofits. The event, hosted by Arvada-based Colorado Gives Foundation on the platform ColoradoGivesDay.org, raised nearly half a million dollars more than the previous year. “With 94,712 people making a donation, it’s incredible...
Golden-based SHF Holdings Inc., doing business as Safe Harbor Financial (NASDAQ: SHFS), closed a $500,000 loan to PI 51st Avenue LLC, a subsidiary of Pioneer Interests Inc., dba Natty Rems LLC. This loan is part of the Cannabis Resource Optimization Program (CROP) and is facilitated through partnerships with the Collective Clean Energy Fund (CCEF) and...
According to the latest data from the Federal Deposit Insurance Corp., FirstBank once again tops the ranking of bank institutions based in Jefferson County with total assets of $28.1 billion in 2023. While the Lakewood bank saw assets increase 1.2% from $27.8 billion in 2022, it also saw deposits drop 7.4% from $106.2 billion to...
FirstBank, a privately held bank based in Lakewood, is now Colorado’s second-largest bank by deposits, according to a recent FDIC report. FirstBank recently announced its third-quarter results for 2024. As of September, the bank reported the following quarter-over-quarter results: Net income through the third quarter of 2024 increased to $157.7 million, while total deposits decreased...