Financial Services

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…more

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…more

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…more

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…more

Broomfield-based Snow Peak Capital, LLC, a private equity firm focused on middle-market businesses, today announced it has acquired TurbineAero, Inc., the world’s largest independent provider of maintenance, repair and overhaul (MRO) services focused on aircraft auxiliary power units (APUs) and other aeroengine components. Snow Peak acquired TurbineAero from The Gores Group, a global investment company.…more

California Bank & Trust (CB&T), a division of Zions Bancorp. N.A., has entered into an agreement to acquire four California branch locations in Palm Desert and Indio from FirstBank, based in Lakewood. The acquisition includes approximately $730 million in deposits and $420 million in loans. This deal will expand CB&T’s physical presence in Coachella Valley…more

Safe Harbor Financial (NASDAQ: SHFS), a Golden-based provider of financial services and credit facilities to the regulated cannabis industry, announced extensions to the contracts of three key executives and a restructuring of their compensation packages. The restructured agreements include Sundie Seefried, president and CEO, extended for one year through September 2025; Dan Roda, extended through…more

SHF Holdings Inc., doing business as Safe Harbor Financial (NASDAQ: SHFS), announced a partnership with BIPOCann, a Denver-based consulting firm aiding social equity and minority entrepreneurs in the cannabis sector. BIPOCann will offer its full suite of membership benefits, valued at $600, to all of Safe Harbor’s existing social equity clients at no additional cost.…more

On Tap Credit Union has announced two major promotions within its executive team. Daisy Romo has been promoted to executive vice president, and Tony Nieto has been elevated to chief lending officer. “Both Daisy and Tony have shown exceptional devotion and leadership,” said Tracie Wilcox, CEO of Golden-based On Tap Credit Union. “Their contributions have…more

Considering the pressing need for more affordable housing, Lakewood-based FirstBank, has closed a $21 million loan with Boulder Housing Partners (BHP) for the Hawthorn Court development. The project that commenced on May 14 aims to add 73 new units, including 40 one-bedrooms, 27 two-bedrooms, and six three-bedroom apartments in Boulder, Colorado. “By funding affordable housing,…more