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Cogent Bank Now Servicing Cannabis Banking, Blockchain Enabled Companies, Premium Finance Lending and Public Finance

August 16, 2022

Cogent Bank’s entrepreneurial spirit drives innovation within the company by adding diversified products and services to its already robust lineup. The full-service, commercial bank now services divisions from a variety of verticals including Cannabis Banking, Blockchain Enabled Companies, Premium Finance Lending and Public Finance.

“Cogent Bank continues to expand our personalized services to meet the unique needs of each business,” says Wade Faircloth Hillsborough County Market President at Cogent Bank. “Growing into different, innovative and diversified verticals allow our seasoned bankers to drive results for our clients,” says Jackie McIntosh, Pinellas County Market President.

Supporting verticals like Cannabis Banking and Blockchain Enabled Companies allows Cogent to offer innovative solutions and services to diverse clients. The bank continues to move clients and the industry forward by investing in the future of banking.

Cogent plans to work with the booming cannabis market to provide banking solutions to growers, manufacturers, distributors, dispensaries and other related industries and professionals. The company leans on years of experience coupled with a Board of Directors and Regulatory support to provide the required knowledge to serve the unique challenges of cannabis-related businesses.

Blockchain Enabled Companies are supported by Cogent. The bank has a firm grasp of the risks, dynamics, fund flows, decentralized organizations, blockchain integration, protocol development and evolving regulatory landscape behind blockchain-based payments that are crucial to client success in this vertical.

Keeping a foot in both worlds, Cogent’s expansion is not limited to nontraditional services. The bank understands while the industry may be evolving, it is still essential to support and expand traditional banking services.

Cogent now offers Premium Finance Lending to insurance agents to help their clients pay for business insurance premiums ranging in price from $500 to $26 million.  The underwriting process is streamlined, and the rates are competitive.  Premium Finance Lending provides another valuable product to Cogent’s business clients.

Cogent’s Public Finance vertical supports local, county/state governments; school districts; water, sewer and utility authorities; and more. This division serves the unique financial requirements of the public sector nationally, meeting operational needs and maximizing taxpayer dollars with full-service solutions designed for government entities.

The divisions will continue to drive Cogent’s mission of being client focused and forward thinking, offering innovative, high-touch solutions and services.

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This post was written by Elevate, Inc.

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