Cogent Bancorp in Orlando, Fla., has entered four new business lines.
The parent of the $1.2 billion-asset Cogent Bank has added teams to focus on blockchain-enabled customers, cannabis banking, premium finance and public finance.
Cogent said in a press release that it is working with Green Check Verified, a cannabis-focused fintech, to offer its products and services to the industry’s supply chain system. That would include growers, manufacturers, distributors and dispensaries.
The company is also offering loans to help clients pay for business insurance premiums ranging from $500 to $26 million.
The public finance business backs municipal and state governments, school districts, and utilities authorities.