GBank Financial Holdings Inc. Announces SafeNest, a Bank of George Sponsored Nonprofit, Received FHLBank San Francisco 2021 AHEAD Economic Development Grant

Posted: October 12, 2021 at 3:33 p.m. EDT|Update: 5 hours ago

LAS VEGAS, 12 October 2021 / PRNewswire / – GBank Financial Holdings Inc. (“GBank” or the “Company”) (OTCQX: GBFH), the parent company of George Bank (the “Bank”), today announced that SafeNest, a nonprofit organization sponsored by Bank of George, is the recipient of a $ 25,000 to agree.

“I am happy to announce that our sponsored non-profit organization, SafeNest, has been awarded $ 25,000 in this year’s FHLBank San Francisco AHEAD program, ”said T. Ryan sullivan, Chairman and CEO of GBank and Bank of George.

The grant provided by the Federal Home Loan Bank of San Francisco is awarded to non-profit organizations through a competitive process made available to their members. FHLBank San Francisco awarded $ 1.5 million in grants to 60 projects to stimulate economic development activity and promote financial stability in Arizona, California, and Nevada communities.

“Financial instability shouldn’t be the reason someone returns to an abusive domestic situation,” said Marietta Núñez, senior vice president and head of community investments at FHLBank San Francisco. “We are proud to partner with our member, Bank of George, to enable SafeNest to provide direct financial assistance to clients who need a boost to stay safe and move forward in their lives.”

About SafeNest

SafeNest is from Nevada the largest and most comprehensive non-profit dedicated to ending the epidemic of domestic violence in Clark County. Since it opened in 1977, SafeNest has answered more than 500,000 phone calls and hosted more than 25,000 people. Services include: 24/7/365 domestic violence hotline, PS417 mobile response, emergency shelter, counseling, legal support, advocacy and case management. For more information visit www.SafeNest.org. For immediate help and support, call or text the 24/7 Domestic Violence Hotline at 702-646-4981.

About the Federal Home Loan Bank San Francisco

FHLBank San Francisco is a member-driven cooperative that helps local lenders to Arizona, California, and Nevada strengthen communities, create opportunities and change lives for the better. The tools and resources we provide to our member financial institutions promote home ownership, expand access to quality housing and stimulate economic development. AHEAD grants are awarded annually and distributed through Bank member financial institutions to local community organizations for projects and programs that benefit low-income and underserved communities.

The company

GBank Financial Holdings Inc. (“GBank” or the “Company”) (GBFH), a banking holding company with around $ 543 million active at June 30, 2021, operates through its wholly owned subsidiary, George Bank (named in honor of George washington). Founded in 2007, the Bank operates two full-service commercial branches in Las Vegas, Nevada, with primary lending activities focused on engaging clients in Nevada, California, Utah, and Arizona. Bank of George has key activities in three major divisions: SBA Lending, FinTech Gaming Division and Commercial Lending. The Bank operates nationwide through its SBA lending business (ranked 24th in the country by the US Small Business Administration for SBA dollar lending volume 7 (a) via June 30, 2021) and its partnership BankCard Services, LLC (“BCS”). Launched in 2016, its FinTech Gaming division powers Sightline Payments’ Play + solution (https://sightlinepayments.com/) for transparent and secure payment and play that enables cashless mobile commerce solutions for the gaming, lottery and sports betting ecosystems – positioning GBank as a financial leader in this new world of payments. The Bank also provides general commercial banking services with a focus on the needs of small and medium enterprises, high net worth individuals, professionals and investors. The Bank offers a full range of deposit products to consumers and is focused on providing a higher level of service. Bank of George has been recognized annually for each of the past five years by S&P Global Market Intelligence as one of the Top 100 U.S. Community Banks under $ 3 billion in assets. For more information on Bank of George, please visit its website at https://www.bankofgeorge.com. GBank’s ordinary shares are listed on the US OTCQX market under the symbol GBFH.

Forward-looking statements

GBank has made forward-looking statements in this press release. These forward-looking statements are subject to risks and uncertainties. Forward-looking statements include information regarding possible or suspected future operating results of the Company and its subsidiaries. Where words such as “believes”, “expects”, “anticipates” or similar expressions appear in this press release, the Company makes forward-looking statements. Please note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause these results to differ materially from those expressed in the forward-looking statements contained in this press release. . These factors include, but are not limited to: the recent and continuing pandemic of coronavirus (COVID-19) which presents risks and may adversely affect the business and operating results of the Company in the coming quarters, credit risk , changes in market interest rates, inability to achieve synergies related to mergers, competition, economic downturn or recession, and government regulation and supervision. The Company assumes no obligation to update or revise any forward-looking statements.

Show original content:

SOURCE GBank Financial Holdings Inc.

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.

Source link

About Wilhelmina Go

Check Also

GLADSTONE COMMERCIAL CORP Management Report and Analysis of Financial Position and Results of Operations (Form 10-Q)

All statements contained herein, other than historical facts, may constitute "forward-looking statements" within the meaning …