First National Bank of Pasco
“We started out in small-town America with the vision of serving the needs of families and businesses as a community bank. Beginning in 1986, we served small business owners and families in Pasco County, Florida. We lived together as neighbors, and we still do. This great country blessed us with opportunities, and we grew right along with our customers. We still support events and causes that keep our local community great.”
- website: https://www.fnbpasco.com/
Cannabis Banking Services
“First National Bank of Pasco has been providing commercial banking services to the cannabis industry since 2018. We offer fully compliant banking solutions to some of the largest MSO’s and Medical Marijuana Treatment Centers in Florida and have financed the largest acquisition portfolio of dispensaries in the State of Florida.
Our expert staff has also consulted with both large and small cannabis industry competitors across the country, providing solutions to, for example, unique business challenges that arise because of the intricacies of Federal and State laws.”
States Served:
- Alabama; Connecticut; Delaware; Florida; Georgia; Illinois; Indiana; Kentucky; Massachusetts; Maryland; Maine; Michigan; Mississippi; North Carolina; New Hampshire; New Jersey; New York; Ohio; Pennsylvania; Rhode Island; South Carolina; Tennessee; Virginia; Vermont; Wisconsin; West Virginia
Official cannabis banking page: https://www.fnbpasco.com/specialty-banking/cannabis-banking/
Media coverage:
- Business Observer: Pasco County bank expands but also stays local
First National Bank of Pasco, in declining to merge with bigger banks, is expanding its lending portfolio into commercial real estate and medical cannabis.
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).