Needham Bank to offer cannabis banking services.

Global Banking News-January 28, 2022--Needham Bank to offer cannabis banking services

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Global Banking News - 28 January 2022

Needham Bank, which is based in Massachusetts, is to offer services for the cannabis industry after buying operations from Eastern Bankshares in Boston.

Needham Bank officials are hoping to add more cannabis operators to its portfolio. The purchase has given the bank a cannabis banking operation with USD500m in deposits. The...

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