licence

US de novo commercial bank Genesis goes live in California

Genesis Bank, a California-chartered de novo bank, has launched in the US to provide services for commercial clients. Genesis Bank received its licence earlier this year, and launched in August The bank says it is focused on servicing small and medium-sized enterprises (SMEs), the owners of SMEs, and owners and investors of income-producing properties. Headquartered in Newport Beach, Genesis aims to serve primarily the Orange and Los Angeles counties of California, as well as the Riverside and San Bernardino counties. Stephen Gordon, founding chairman and chief executive at the bank,