Unique Solutions for the Hemp Industry
In recent years, First National Bank of Pasco has gained experience in serving businesses that produce products made from hemp. This amazing plant is used in over 25,000 products globally, including textiles, furniture, Industrial materials, food, beverages, health products, and beauty supplies.1
FNBP is well prepared to partner with businesses involved in the growing, processing, marketing, and distribution of hemp-sourced products. Because of differing regulation of hemp by-products among the states, we have developed the expertise to help keep hemp businesses within compliance. Our bankers understand the regulations and can provide the products and services to keep your business operating efficiently while remaining compliant.
We also specialize in unique financial solutions tailored to your needs and delivered when you need them. More agile than a big bank, we make decisions without delays and layers of approval. Bring us your challenges. We’ll design creative solutions and get the job done.
We do not bank companies involved in selling Cannabis-Sativa (hemp-derived) products that cause psychotropic effects; including, but not limited to, THC derivatives, cannabinoid analogs, and their acetates.
Key Advantages for Hemp Businesses
- No Analysis Fees – Simplified Pricing Available.
- Full Treasury Management Products.
- Expert Experienced Staff.
- Full Suite of Remote Banking Products.
Cash Management Solutions
- Commercial Online and Mobile Banking.
- Online Bill Payments.
- ACH, Payroll, and External Funds Transfer.
- Wire Funds.
- Positive Pay.
- Debit Card Services.
For more information on Hemp Banking, please use the contact form below:
1 Hemp is the non-psychoactive cousin of marijuana. It was legalized for industrial production under the 2018 Farm Bill signed by President Trump, based on its many uses and its weak concentration of the psychoactive chemical THC of less than .30%.