News
New bank with multiracial focus gets off to fast start
There are over 140 minority depository institutions in the U.S., but only two are designated as multiracial. The latest is Genesis Bank, a de novo that opened its doors in August. The Newport Beach, California-based company is already mulling plans…
Genesis Bank Announces Designation as Minority Depository Institution
Genesis Bank (“Genesis” or the “Bank”), announced today that it has received regulatory concurrence to be designated as a Minority Depository Institution (“MDI”).
From Florida to California, bank startups are surging
Genesis Bank opened last week in Newport Beach, California. It’s the third bank project for veteran California banker Stephen Gordon, who serves as chairman and CEO.
Genesis Bank Announces Official Opening and Headquarters Location
Genesis Bank (“Genesis” or the “Bank”), announced today that it has officially opened for business, with its client deposits insured by the Federal Deposit Institution Corporation (“FDIC”)…
Stephen Gordon Raises $57M For OC’s Newest Bank
Stephen Gordon, who has successfully started two OC-based banks, said he's raised $57 million for his latest endeavor, Newport Beach-based Genesis Bank.
Genesis Bank (In Organization) Announces Oversubscribed Initial Capitalization and Lead Investors
Genesis Bank (In Organization), announced today the completion of its oversubscribed initial capital raise of $57.0 million, led by investors Stephen H. Gordon, managing member of Gordon Ventures, and Arkview Capital.
