Cannabis Banking Map

Dart Bank

“As with the Dart family, The Dart Bank is central to the history of Ingham County. Our Charter as a commercial bank dates from April 25, 1925. 1925 was also the year our long-time Chairman-CEO (Rollin Bashford Dart) was born.

Dart Bank has been considered a family bank since the beginning, but, in this connection it must be said that the ownership fabric of the bank has changed considerably through the years. The bank’s shares, today, are much more widely disbursed than in earlier days.”

Cannabis Banking Services

“Dart Bank was the first bank in Michigan to serve the cannabis industry, and we now serve over 750 cannabis and hemp related customers nationwide. Let us help you grow your business with our Specialty Banking team.”

 

States Served:

  • Nationwide.

 

Official cannabis banking page: https://dart.bank/specialty-banking/

 

Media coverage: 

  • Bloomberg: Cannabis Banking Is Booming Despite Federal Uncertainty
    • Banks that work in the space agree there’s more competition for cannabis clients. “More people are dipping their toe in this industry over the past year,” said William Hufnagel, chief executive officer of Dart Bank. The bank started in 2019 with one client in Michigan and now has hundreds in the state, including ancillary companies like testing labs and law firms, he said.

FDIC or NCUA Insured?

Yes (FDIC link).

  • FDIC certificate number: 5033
  • FDIC insured since: 01/01/1934

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).