Last updated: July 1, 2020

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Cannabis Banking | Marijuana Banking Institutions

Top 10 Cannabis Banking Institutions - July 2020

Rank

Company Name

Year
Founded

Revenue

Fulltime
Employees

Active
Clients

Client
Retention
Rate

Pricing

Communication

Communication

Timeliness

Timeliness

Reporting

Reporting

Depth of Knowledge

Depth of Knowledge

Specialization

Specialization

Overall Score

0
100
 
G
VG
E
 

Change in Rank

Bank of America Bank of America
Talk to a Representative: 1-800-432-1000
Service Offerings:
Key Facts For Bank of America
  • Major Clients:
    Confidential
  • Year Founded:
    1904
  • Fulltime Employees:
    204,489
  • Active Clients:
    10,000+
  • Revenue:
    91.2 Billion
  • Client Retention Rate:
  • Pricing:
    H
  • Website:
    www.bankofamerica.com
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Positive0% Write Review

 

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Neutral0% Write Review

 

Communication

Timeliness

Reporting

Depth of Knowledge

Specialization

BOK Financial Corporation BOK Financial Corporation
Talk to a Representative: 1 (800) 234-6181
Service Offerings:
Key Facts For BOK Financial Corporation
  • Major Clients:
    Confidential
  • Year Founded:
    1990
  • Fulltime Employees:
    5
  • Active Clients:
    1000+
  • Revenue:
    5M-10M
  • Client Retention Rate:
    94%
  • Pricing:
    Unknown
  • Website:
    bokf.com
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Reviews (11)
Positive 90.9% 10 Reviews
Great place to work!
S B
Positive
ATM use.
SHORT DOGG 1967
Negative 9.1% 1 Reviews
After opening an account with Bank of Oklahom...
John Pierce

Communication

Timeliness

Reporting

Depth of Knowledge

Specialization

Numerica Credit Union
Talk to a Representative: 800-433-1837
Service Offerings:
Key Facts For Numerica Credit Union
  • Major Clients:
    Confidential
  • Year Founded:
    2000
  • Fulltime Employees:
    100+
  • Active Clients:
    100+
  • Revenue:
    $5M+
  • Client Retention Rate:
    93
  • Pricing:
    H
  • Website:
    numericacu.com
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Positive0% Write Review

 

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Communication

Timeliness

Reporting

Depth of Knowledge

Specialization

FINCANN
Talk to a Representative: 212-724-7777
Service Offerings:
Key Facts For FINCANN
  • Major Clients:
    Confidential
  • Year Founded:
    2011
  • Fulltime Employees:
    10+
  • Active Clients:
    100+
  • Revenue:
    $5M+
  • Client Retention Rate:
    90
  • Pricing:
    H
  • Website:
    fincann.com
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Communication

Timeliness

Reporting

Depth of Knowledge

Specialization

BMO Harris Bank BMO Harris Bank
Talk to a Representative: 1 (888) 340-2265
Service Offerings:
Key Facts For BMO Harris Bank
  • Major Clients:
    Confidential
  • Year Founded:
    1817
  • Fulltime Employees:
    100+
  • Active Clients:
    100+
  • Revenue:
    1M-3M
  • Client Retention Rate:
    98%
  • Pricing:
    M
  • Website:
    www.bmoharris.com
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Positive0% Write Review

 

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Communication

Timeliness

Reporting

Depth of Knowledge

Specialization

Partner Colorado Credit Union
Talk to a Representative: 303-422-6221
Service Offerings:
Key Facts For Partner Colorado Credit Union
  • Major Clients:
    Confidential
  • Year Founded:
    1931
  • Fulltime Employees:
    50+
  • Active Clients:
    50+
  • Revenue:
    $3M-$5M
  • Client Retention Rate:
    97
  • Pricing:
    M
  • Website:
    partnercoloradocu.org
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Reviews (76)
Positive 50.0% 38 Reviews
Love those girls!!
Kerri Anthony
Negative 48.7% 37 Reviews
The company's customer service is terrible....
JJ Frederick
Neutral 1.3% 1 Reviews
They never have enough people available to he...
Cary Rhodes

Communication

Timeliness

Reporting

Depth of Knowledge

Specialization

Dama Financial
Talk to a Representative: (877) 401-3262
Service Offerings:
Key Facts For Dama Financial
  • Major Clients:
    Confidential
  • Year Founded:
    2015
  • Fulltime Employees:
    15
  • Active Clients:
    100+
  • Revenue:
    $1 million - $3 million
  • Client Retention Rate:
    94
  • Pricing:
    M
  • Website:
    www.damafinancial.com
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Positive0% Write Review

 

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Communication

Timeliness

Reporting

Depth of Knowledge

Specialization

Sound Credit Union
Talk to a Representative: 253-383-2016
Service Offerings:
Key Facts For Sound Credit Union
  • Major Clients:
    Confidential
  • Year Founded:
    1940
  • Fulltime Employees:
    100+
  • Active Clients:
    100+
  • Revenue:
    $5M+
  • Client Retention Rate:
    97
  • Pricing:
    H
  • Website:
    soundcu.com
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Positive0% Write Review

 

Negative0% Write Review

 

Neutral0% Write Review

 

Communication

Timeliness

Reporting

Depth of Knowledge

Specialization

O Bee Credit Union
Talk to a Representative: 800-642-4014
Service Offerings:
Key Facts For O Bee Credit Union
  • Major Clients:
    Confidential
  • Year Founded:
    1955
  • Fulltime Employees:
    50+
  • Active Clients:
    100+
  • Revenue:
    $5M+
  • Client Retention Rate:
    90
  • Pricing:
    H
  • Website:
    obee.com
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Reviews (18)
Positive 50.0% 9 Reviews
I LOVE MY O Bee Credit Union..
Adam DC
Positive
The best ever!
Liz Logan
Negative 50.0% 9 Reviews
Just don
cy fry

Communication

Timeliness

Reporting

Depth of Knowledge

Specialization

Timberland Bank
Talk to a Representative: 800-562-8761
Service Offerings:
Key Facts For Timberland Bank
  • Major Clients:
    Confidential
  • Year Founded:
    1915
  • Fulltime Employees:
    100+
  • Active Clients:
    100+
  • Revenue:
    $5M+
  • Client Retention Rate:
    97
  • Pricing:
    H
  • Website:
    timberlandbank.com
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Positive 28.6% 2 Reviews
The first bank I've ever used in my adult yea...
LainieMarie Johnson
Positive
Loved doing business with this bank.
Daniel Mcbride
Negative 71.4% 5 Reviews
Rude tellers. Policies are horrible Task adv...
Dawnajo Haller

Communication

Timeliness

Reporting

Depth of Knowledge

Specialization

Evaluation Criteria:
Communication
The way vendors communicate with their customers, their ability to effectively communicate, and how they resolve customer issues is also taken into consideration. Vendors should be able to accurately identify a customer's issue and take steps to resolve it while communicating the selected action.
Timeliness
Being quick to respond to a client's request ensures that their concerns will be handled promptly. We recommend financial services that are capable of giving a same-day response and are able to resolve the issues a client might run into within an acceptable amount of time.
Reporting
Having proper reporting and disclosure is vital to any financial service. We recommend financial services that offer their clients the full picture, an easy way to understand their financial obligations, and easy ways to export information so they can make better business decisions.
Depth of Knowledge
Vendors should have an increased depth of knowledge in their market with an understanding of how different laws and regulations can affect them. They should be able to provide expert insight to help the customer understand how their particular industry affects the service they are being provided.
Specialization
Having an understand of the industry is vital when taking on a client in the CBD or marijuana industry. We recommend financial institutions that have specialized knowledge on taxation and regulatory requirements for companies that produce products or services that fall under the industry.