Articles from Genesis Bank

Genesis Bank (“Genesis” or the “Bank”) announced today that it has completed its acquisition of Excel Bank, a tradename of EH National Bank (“Excel”), effective as of June 13, 2025.

Genesis Bank (“Genesis” or the “Bank”) announced today it has received all necessary regulatory approvals, as well as shareholder approvals from the shareholders of Excel Bank, a tradename of EH National Bank (“Excel”), to complete its previously announced agreement to acquire Excel. The acquisition, initially announced on February 13, 2025, is expected to close mid-June 2025.

Genesis Bank (“Genesis” or the “Bank”) and Excel Bank, a tradename of EH National Bank (“Excel”), announced today that they have mutually entered into a definitive agreement, whereby Genesis Bank will acquire Excel Bank in an all-cash transaction. At completion of the acquisition, the Bank will continue to operate as Genesis Bank. No additional capital will be necessary to complete the transaction, given Genesis Bank’s strong capital ratios, the anticipated tax benefits from the transaction, and the projected impact from marking, restructuring, and deleveraging of Excel’s balance sheet. This transaction is projected to be highly accretive to Genesis Bank’s shareholders.

Genesis Bank (“Genesis” or the “Bank”), the Genesis Bank Institute for Entrepreneurship (“GBIE”), and the Genesis for Good Foundation (“GFG”), announced today the first series of grant awards to five qualifying small businesses through the Genesis for Good Catalyst Empowerment Grant Program. This innovative program aims to empower historically marginalized and underinvested entrepreneurs and diverse businesses across Southern California, by providing access to essential resources, capacity building, networking opportunities, education, and capital, including grants of up to $10,000 to eligible small businesses.

Genesis Bank (“Genesis” or the “Bank”), announced today that the Genesis for Good Foundation (“GFG”) will receive a $100,000 grant in support of its Catalyst Empowerment Grant Program, awarded by the Federal Home Loan Bank of San Francisco (“FHLBank San Francisco”) AHEAD Program in partnership with CVB Financial Corp., which is the holding company for Citizens Business Bank.

Genesis Bank (“Genesis” or the “Bank”), the Genesis Bank Institute for Entrepreneurship (“GBIE”), and the Genesis for Good Foundation (“GFG”), along with Fiserv, Inc. (NYSE: FI), announced today the Genesis For Good Catalyst Empowerment Grant Program. This innovative program serves to empower historically marginalized and underinvested entrepreneurs and positively impact diverse business communities across Southern California.

Genesis Bank (“Genesis” or the “Bank”), announced today that Genesis and Fiserv, Inc. (NYSE:FI) will partner to offer businesses located primarily in low- and moderate-income (“LMI”) communities access to Clover point-of-sale (“POS”) technology, with zero entry costs and significantly discounted subscription fees. The popular Clover point-of-sale and business management system from Fiserv enables small- and mid-sized businesses to accept payments and run their business while also offering capabilities to enhance customer experience and streamline operations. Genesis Bank is one of only two diverse multiracial Minority Depository Institutions (“MDI”), out of nearly 4,600 banks in the U.S.

Genesis Bank (“Genesis” or the “Bank”) announced today that Dustin Andres was promoted to First Vice President, Head of Business Development Team. In this key sales and management role, Mr. Andres will be instrumental in driving the Bank’s growth in client relationships, go-to-market strategies, and community engagement. Additionally, Mr. Andres will oversee the Bank’s team of business development professionals and work directly with all business lines to deliver its comprehensive suite of commercial products, services, and solutions to clients.

Genesis Bank (“Genesis” or the “Bank”), announced today that it has secured approximately $500 million in equity capital commitments to opportunistically acquire and recapitalize banks located in the Western Region of the United States. The equity capital commitments, which will not be drawn upon until after having entered into definitive agreements, and having received regulatory and shareholder approval prior to the close of transactions, includes commitments from large and medium sized private equity firms, traditional bank fund investors, and family offices.

Genesis Bank (“Genesis” or the “Bank”), announced today that Shannon Kinnard has joined Genesis as Vice President, Exchange Officer, and is responsible for further expanding the Bank’s 1031 Exchange Division, client base, and growth initiatives. In just over one year since the initial launch of our 1031 Exchange Division, the Bank has executed 40 transactions totaling over $375 million.

Genesis Bank (“Genesis” or the “Bank”), announced today that Amilcar “Amil” Aaron has joined the Bank as Senior Vice President, Head of Community Impact, and is responsible for leading the Genesis Bank Institute for Entrepreneurship (“GBIE”), the Genesis for Good Foundation, as well as the Bank’s overall efforts to positively impact all of the Bank’s constituents, including its clients, employees, and the community at large. GBIE is the Bank’s business incubator and advisory division focused on taking collective action to help accelerate the growth and success of small to mid-sized, family-owned, and minority-owned businesses, and diverse entrepreneurs. Through its entrepreneurial ecosystem, GBIE is committed to breaking down barriers and expanding pathways to economic mobility and advancement through a broad range of engagement platforms, programming, and financial education. The Genesis for Good Foundation is the Bank’s 501(c)(3) public non-profit dedicated to building strong, inclusive, and vibrant communities by mobilizing private and public resources to support initiatives focused on economic and workforce development, affordable housing, health and human services, and diversity and inclusion.

Genesis Bank (“Genesis” or the “Bank”), announced today its participation in the Alzheimer’s Association Walk to End Alzheimer’s (“Walk”) on Saturday, October 21, 2023, in Irvine, California. Held annually in more than 600 communities nationwide, the Walk is the largest fundraiser that supports the care and research of Alzheimer’s disease. It is important to note that minority populations are historically underrepresented in clinical trials that support the essential research, treatment, and medication of Alzheimer’s disease. Accordingly, minorities are disproportionately affected by Alzheimer’s, with studies showing that Black Americans are twice as likely as White Americans, and Hispanic Americans are 1.5 times as likely as White Americans to have Alzheimer’s and other dementias, while Native Americans age 65 and over with dementia are projected to increase by four times by 2060. As one of only two diverse, multiracial Minority Depository Institutions in the U.S., Genesis Bank is committed to promoting awareness of Alzheimer’s across its diverse, majority-minority communities, with nearly all of its team members participating in this year’s Walk.

Genesis Bank (“Genesis” or the “Bank”) announced today that it has forged yet another partnership to address the lack of access to internet and technology, this time between California State University, Fullerton (“CSUF”) and Excess Telecom (“Excess”). In the Fall of 2022, Genesis entered into an agreement to be the exclusive banking distribution partner of Excess Telecom, an officially licensed nationwide provider of the Affordable Connectivity Program (“ACP”), a government program operated by the Federal Communications Commission, offering discounted internet access and low-cost tablets to low- to moderate- income (“LMI”) households. As one of only two diverse, multiracial Minority Depository Institutions (“MDI”) out of approximately 4,700 banks in the U.S., Genesis Bank has leveraged its collaboration with educational, collegiate, municipal, and philanthropic focused community organizations located predominantly in the Bank’s Southern California markets to address the digital gap that exists in diverse minority and LMI communities. Such efforts have led Genesis Bank to play a key role in facilitating this partnership between CSUF and Excess Telecom focused on bringing discounted broadband internet connectivity to qualified enrolled students, their respective households, and the Fullerton community. CSUF and Excess have already held numerous ACP enrollment events on campus, with many more planned throughout the semester. Students who currently receive a Pell grant, students or community members who are income-eligible, and individuals who receive government assistance from programs such as CalFresh, MediCal, MediCare, SNAP, and others are able to qualify for the ACP.

Genesis Bank (“Genesis” or the “Bank”) announced today that it has organized and is a founding member of the Beauty Industry Professional Advisors (“BIPA”), a consortium of professional business advisors focused on providing comprehensive support for businesses in the nails and beauty related industries. This strategic partnership brings together the most critically important financial, educational, technical, and professional advisory firms to serve the needs of businesses in the nails and beauty sectors, many of whom are minority and family owned and operated. Additionally, through the Genesis Bank Institute for Entrepreneurship (“GBIE”), the Bank’s business incubator and advisory division, business owners engaged with BIPA will have access to financial and business education, technical assistance resources, and pathways to capital, to move the diverse nails and beauty industries forward to support their growth and success. Each financial and business professional advisor brings a unique set of relevant skills, resources, and expertise to this strategic partnership, with a focus on servicing the following key financial and business areas:

Genesis Bank (“Genesis” or the “Bank”) announced today that it has forged another impactful partnership to address the lack of access to internet and technology, this time between California State University, Chico and Excess Telecom (“Excess”). In the Fall of 2022, Genesis entered into an agreement to be the exclusive banking distribution partner of Excess Telecom, an officially licensed nationwide provider of the Affordable Connectivity Program (“ACP”), a government program operated by the Federal Communications Commission, offering discounted internet access and low-cost tablets to low- to moderate- income (“LMI”) households. As one of only three diverse, multiracial Minority Depository Institutions (“MDI”) out of approximately 4,900 banks in the U.S., Genesis has leveraged its collaboration with educational, collegiate, municipal, and philanthropic focused community organizations located predominantly in Genesis Bank’s Southern California markets to address the digital gap that exists in diverse minority and LMI communities. Such efforts have led Genesis Bank to play a key role in facilitating this partnership between California State University, Chico and Excess Telecom focused on bringing discounted broadband internet connectivity to qualified enrolled students, their respective households, and the Chico community. California State University, Chico and Excess Telecom held a two-day Affordable Connectivity Program (ACP) enrollment event on campus on April 12th and 13th. Students who currently receive a Pell grant, and community residents who are income-eligible or receive government assistance from CalFresh, MediCal, MediCare, SNAP, among several other programs, were able to qualify for the ACP.

Genesis Bank (“Genesis” or the “Bank”) announced today that it has forged a partnership between Santa Ana College and Excess Telecom (“Excess”), to address the lack of access to internet and technology. In the Fall of 2022, Genesis entered into an agreement to be the exclusive banking distribution partner of Excess Telecom, an officially licensed nationwide provider of the Affordable Connectivity Program (“ACP”), a government program operated by the Federal Communications Commission, offering discounted internet access and low-cost tablets to low- to moderate- income (“LMI”) households. As one of only two diverse, multiracial Minority Depository Institutions (“MDI”) in the U.S., Genesis has leveraged its collaboration with educational, collegiate, municipal, and philanthropic focused community organizations located predominantly in Genesis Bank’s Southern California markets to address the technology gap that exists in diverse minority and LMI communities. Such efforts have led Genesis Bank to play a key role in facilitating this partnership between Santa Ana College and Excess Telecom focused on bringing discounted broadband internet connectivity to qualified enrolled students and their respective households.

Genesis Bank (“Genesis” or the “Bank”) announced today that it was awarded the Mortgage Bankers Association’s (“MBA”) 2023 Commercial/Multifamily Diversity, Equity, and Inclusion (“DEI”) Leadership Award for Market and Community Outreach Strategies. As part of the MBA’s multifaceted strategy, promotion, and commitment to DEI, this award recognizes member company initiatives specifically designed to increase outreach, marketing, and products that support affordable housing.

Genesis Bank (“Genesis” or the “Bank”), announced today that Tam Nguyen, a founding Board member of Genesis Bank, has been unanimously elected to serve as Vice Chairman of the Orange County Transportation Authority’s (“OCTA”) Board of Directors. Mr. Nguyen has served on the OCTA Board since 2021.

Genesis Bank (“Genesis” or the “Bank”), announced today the formal launch of its Homeowners Association Banking division, which focuses on providing a full suite of banking products, services, and solutions that are tailored to meet the banking and operational needs of property management companies, homeowners associations, condo associations, as well as their boards of directors. Specifically, Genesis Bank’s HOA Banking division delivers a sophisticated leading technology platform of integrated online and mobile banking, treasury management, lockbox services, payment processing, relationship management, depository, and fraud protection solutions that are critical to support the operations, success, and growth of property management companies, HOAs, and condo associations, while also, importantly, providing their board members with the critical resources, tools, and consultation necessary to meet their oversight and governance duties and responsibilities.

Genesis Bank (“Genesis” or the “Bank”), announced today that it has entered into an agreement to be the exclusive national banking partner of Excess Telecom (“Excess”), an officially licensed nation-wide provider of free internet access and low cost tablets to low- and moderate-income (“LMI”) communities. Founded in 2013, Excess is an approved internet service provider licensed through the Affordable Connectivity Program (“ACP”), a government program operated by the Federal Communications Commission. Founded in 2021, Genesis Bank is one of only two diverse, multiracial Minority Depository Institutions (“MDI”), out of nearly 4,800 banks in the U.S. This partnership provides Genesis Bank and Excess the opportunity to address and serve those most impacted by the digital divide that exists across minority and LMI communities throughout the country. By promoting economic and intellectual growth through the distribution of reliable, affordable, and accessible premium wireless internet service and enabled tablets, access to education, information, and knowledge is readily available at one’s fingertips.

Genesis Bank (“Genesis” or the “Bank”), announced today that its Escrow Division now provides Subscription Escrow Services for its clients in support of their equity capital raising activities.

Genesis Bank (“Genesis” or the “Bank”) announced today the launch of Genesis Bank Exchange, the Bank’s 1031 exchange division. Genesis Bank Exchange will serve as a Qualified Intermediary to facilitate Section 1031 exchanges of like-kind investment and business real property, will hold client funds in segregated trust accounts, and will fulfill all administrative, legal, and tax-related compliance obligations for its clients.

Genesis Bank (“Genesis” or the “Bank”), announced today that Anthony Ochoa has joined Genesis as Senior Vice President, Commercial Banking Market Leader, and is responsible for expanding the Bank’s commercial banking efforts across its Target Markets of Los Angeles, Orange, Riverside, and San Bernardino Counties, California.

Genesis Bank (“Genesis” or the “Bank”), announced today the launch of Genesis Bank Escrow, a new division of the Bank. Genesis Bank Escrow handles all aspects of commercial and commercial real estate-related escrow transactions, including compliance with local, state, and federal real estate guidelines, ensuring all buyer/seller conditions are satisfied, timely processing and filing of all relevant documentation, and maintaining custody and disbursement of escrow funds.

Genesis Bank (“Genesis” or the “Bank”), announced today that Ruben A. Smith, Managing Shareholder of AlvaradoSmith, has been appointed to Genesis’ Board of Directors, effective June 7, 2022. Additionally, Genesis announced today the concurrent voluntary retirement of Richard Sanchez from the Bank’s Board of Directors.

Genesis Bank (“Genesis” or the “Bank”), announced today that it has entered into a partnership agreement with Basis Investment Group (“Basis”), a national commercial real estate debt and equity investment platform. Basis is a Freddie Mac Seller/Servicer and is designated as a certified Minority and Women-Owned Business (“MWOB”). As one of only two diverse, multiracial Minority Depository Institutions (“MDI”) in the U.S., the partnership between Genesis and Basis provides both entities with a unique opportunity to leverage their commercial real estate platforms to generate business, while making a deeper impact in the majority minority communities across Los Angeles, Orange, Riverside, and San Bernardino Counties, California (“Target Markets”). The partnership focuses on providing Genesis with additional access to capital, products, and resources under Basis’ robust platform. Through Genesis’ management team’s extensive track record originating, servicing, and managing multi-billion dollar portfolios of multifamily loans at multiple financial institutions, across multiple decades, the partnership broadens the Bank’s opportunities to leverage its vast network, resources, and capabilities, by bolstering its multifamily financing products and services.

Genesis Bank (“Genesis” or the “Bank”), announced today the launch of the Genesis Bank Institute for Entrepreneurship (“GBIE”) as a division within the Bank. GBIE, the Bank’s Business Accelerator and Advisory Division, is a multifunctional forum focused on accelerating entrepreneurship, growth, and success across a broad range of constituents, including businesses, family-owned businesses, minority owned businesses, government and municipal entities, commercial enterprises, and non-profit organizations, within the Bank’s Target Markets of Los Angeles, Orange, Riverside, and San Bernardino Counties. GBIE will work to bring the business community together to address the full life cycle needs and common challenges, gaps, and technical areas faced by businesses, through a series of strategic partnerships with industry leading subject matter experts, including trust and estate planning, insurance, leadership development, strategic planning, employment law, human resources, accounting, tax, legal, cybersecurity, advertising and marketing, digital and social media, staffing, and banking.

Genesis Bank (“Genesis” or the “Bank”), announced today that it has entered into a partnership agreement with the Orange County Hispanic Chamber of Commerce (“OCHCC”). The partnership is focused on financial advancement of the Hispanic American community, and includes financial education, assisting low- and moderate-income families, growing small business, internships, and mentorships.

Genesis Bank (“Genesis” or the “Bank”) announced today that it has entered into a partnership agreement with the Asian Business Association of Orange County (“ABAOC”). The partnership focuses on critically important initiatives covering small businesses growth, financial literacy education, internships, mentorships, and business development opportunities through programs designed specifically to positively impact the financial success of Asian American owned businesses in Orange County, California.

Genesis Bank (“Genesis” or the “Bank”), announced today that it has received regulatory concurrence to be designated as a Minority Depository Institution (“MDI”). MDIs serve a vital role of promoting the economic viability of minority and under-served communities. Of the 4,978 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (“FDIC”), only 142 were designated as MDIs as of March 31, 2021. Genesis is the first MDI established within the Bank’s target markets (Los Angeles, Orange, Riverside, and San Bernardino Counties) since 2008 and is only the second diverse, multi-racial MDI in the U.S.

Genesis Bank (“Genesis” or the “Bank”), announced today the veteran leaders of each of the Bank’s lines of business, including Commercial Banking, Income Property Banking, Small Business Administration (“SBA”) and Government Lending, Private and Specialty Banking, and Treasury Management.