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SHF Holdings, Inc. (SHFS) Launches its Fully Managed Cannabis Banking Program
Yahoo Finance· 2025-09-27 14:30
With significant hedge fund interest, SHF Holdings, Inc. (NASDAQ:SHFS) secures a spot on our list of the 10 Best Bank Penny Stocks to Buy Right Now. SHF Holdings, Inc. (SHFS) Launches its Fully Managed Cannabis Banking Program On September 2, 2025, SHF Holdings, Inc. (NASDAQ:SHFS) launched its Fully Managed Cannabis Banking Program, the first fully outsourced operational and compliance platform for financial institutions serving the regulated cannabis market. Ahead of the PBC Conference 2025, this launc ...
10 Best Bank Penny Stocks to Buy Right Now
Insider Monkey· 2025-09-26 20:48
In this article, we discuss the 10 Best Bank Penny Stocks to Buy Right Now.According to Reuters, the Federal Reserve looks to be ready to cut interest rates by at least 25 basis points for the first time in 2025. Following three rate cuts in late 2024, the rates have been held at 4.25%-4.50% by the Fed, with traders now expecting two more reductions by the end of 2025, LSEG data shows.U.S. equities have rallied to record highs, thanks to softer labor-market figures and easing inflation. Bank shares are amon ...
Market Highlights: Significant Gains in Stocks and ETFs
Financial Modeling Prep· 2025-09-24 22:00
Core Insights - Several companies and ETFs have experienced significant gains in trading, attracting investor attention [1] Company Performance - uniQure N.V. (QURE) saw its stock price rise to $45.1, an increase of $31.44 or approximately 230.16%, reaching a new year high of $51.19 from a low of $4.45, with a trading volume of 58,563,496 shares [2] - SHF Holdings, Inc. (SHFS) had its stock price jump to $7.01, up by $3.75 or 115.03%, with a day high of $9.18 and a trading volume of 29,808,900 shares [3] ETF Performance - ETFs from Nushares ETF Trust, including Nuveen High Yield Corporate Bond ETF (NHYB), Securitized Income ETF (NSCI), and Nuveen International Aggregate Bond ETF (NXUS), each experienced a 100% increase in their prices, reaching $25.01, $25.03, and $25.02 respectively [4] Market Dynamics - The market movements highlight the volatility in valuations driven by factors such as clinical trial results, regulatory approvals, and market sentiment [5]
Safe Harbor Financial Launches Industry’s First Fully Managed Cannabis Banking Program for Financial Institutions
Globenewswire· 2025-09-02 11:00
Core Insights - Safe Harbor Financial has launched the Fully Managed Cannabis Banking Program, the first of its kind, providing operational and compliance outsourcing for financial institutions serving the cannabis market [1][3][4] - The program aims to help community banks and credit unions enter the legal cannabis market without the need for additional staffing or risk management [2][4] Company Overview - Safe Harbor Financial is a fintech leader focused on providing financial services to the regulated cannabis industry, having processed over $26 billion in cannabis-related deposits across 41 U.S. states and territories [4][6] - The company has been operating a similar model privately since 2015 and is now expanding its services to additional financial institutions nationwide [4][6] Program Features - The program includes complete operational outsourcing, managing all aspects from client acquisition to compliance oversight, allowing partner institutions to hold deposits without direct involvement in cannabis services [2][7] - It offers a reputational shield by operating under the Safe Harbor brand, insulating financial institutions from direct association with cannabis [7] - The program is designed to improve efficiency ratios by minimizing startup costs and operational overhead, enabling stronger margins for both financial institutions and cannabis businesses [7] Strategic Importance - The launch comes at a time when financial institutions are increasingly looking for compliant and scalable ways to serve the cannabis market while navigating regulatory complexities [3][4] - Safe Harbor's CEO emphasized the program's role in providing a proven, compliant path to growth for financial institutions interested in cannabis banking [3]
Safe Harbor Financial Launches Industry's First Fully Managed Cannabis Banking Program for Financial Institutions
GlobeNewswire News Room· 2025-09-02 11:00
Core Viewpoint - Safe Harbor Financial has launched the Fully Managed Cannabis Banking Program, the first comprehensive operational and compliance outsourcing solution for financial institutions in the cannabis industry, aiming to facilitate compliant banking services without the need for internal staffing or risk management [1][3][4]. Group 1: Program Features - The program is designed for community banks, credit unions, and financial institutions that want to serve the legal cannabis market without expanding their internal teams or taking on new risks [2][4]. - Safe Harbor manages all aspects of the program, including client acquisition, compliance oversight, and account support, while deposits are held by the partner institution [2][7]. - Key features include sticky deposit growth, complete operational outsourcing, a reputational shield, and improved efficiency ratios for financial institutions [7]. Group 2: Market Context - The launch comes as financial institutions are increasingly looking for safe and scalable ways to engage with the cannabis market amid regulatory uncertainties [3][4]. - Safe Harbor has processed over $26 billion in cannabis-related deposits across 41 U.S. states and territories, indicating a strong market presence and experience [4][6]. Group 3: Strategic Expansion - The Fully Managed Cannabis Banking Program represents a strategic expansion of a model that Safe Harbor has operated privately since 2015, now opening its platform to additional partners nationwide [4][6]. - The program also provides a seamless exit strategy for institutions that wish to wind down their cannabis banking operations, allowing for a smooth transition of deposit management and client servicing [5].