SHF Holdings, Inc., dba Safe Harbor Financial (NASDAQ: SHFS), closed a $1.5 million secured credit facility for a Missouri-based cannabis operator. This transaction marks the second tranche of a $5 million loan funding package aimed at refinancing expensive senior debt across four retail dispensaries in Missouri. An initial tranche of $1.07 million was originated on…more
SHF Holdings Inc., dba Safe Harbor Financial (Nasdaq: SHFS), a Golden-based provider of financial services for the regulated cannabis industry, has entered into a Letter Agreement with Partner Colorado Credit Union (“PCCU”) regarding its Senior Secured Promissory Note. PCCU has agreed to temporarily pause receipt of principal payments due in February and March 2025, while…more
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…more
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
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…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
Platte River Mortgage & Investments Inc., a Lakewood mortgage and investment firm, has partnered with Austin-based Calque to expand the Trade-In Mortgage in Colorado. The Trade-In Mortgage is a loan option that allows borrowers to use their home equity to purchase another property before selling their current one. “Working with Calque empowers us to provide…more