Blue Sky Bank
“Smaller businesses drive local job growth and investment. They are the engine of prosperity. They also need different kinds of help to survive and thrive. Their size and unique situations make it tough for big banks to focus on them and offer the kind of products and consulting they need when they need it. Blue Sky Bank embraces this as the ultimate opportunity to do what these banks can’t do as well. Together our customers with us will make a lasting, local impact.”
- website: https://www.bluesky.bank/
Cannabis Banking Services
“Blue Sky Bank is proud to offer cannabis banking services in states from coast to coast. Our team is known for its personal customer service – offering expert advice, always picking up the phone when customers call, and creating tailored solutions instead of cookie-cutter options. It only makes sense that we bring our expertise to the cannabis industry across the nation to serve more entrepreneurs.”
States Served:
- Arizona; California; Colorado; Massachusetts; Maryland; Maine; Missouri; Mississippi; Montana; New Jersey; New Mexico; Nevada; New York; Oklahoma; Pennsylvania
Official cannabis banking page: https://www.bluesky.bank/cannabis-banking
Media coverage:
- Okie Charmed Magazine: Blue Sky Bank’s Deborah Lin helps Oklahoma cannabis businesses grow their green
Blue Sky Bank partners with Pay Cash Group, a Tulsa-based cash management services company, to bring cannabis business customers armored cash pick-up and transport. This means cash is picked up directly from businesses, so business owners don’t have to worry about transporting cash themselves. With this service comes the ability to track transport and deposit of the cash. Deborah’s days are filled with visiting dispensaries, grow facilities, processors, and other cannabis-related businesses across the state to let them know about Blue Sky Bank’s Canna-Direct account. She checks on current customers to see how the banking program is working for them and to answer any questions.
Bank Health Rating
DepositAccounts.com Rating: link
- DepositAccounts considers several health grade components:
- Texas Ratio (measuring bank credit risk);
- Texas Ratio trend;
- Deposit growth;
- Capitalization (difference between bank assets and liabilities).