NEWPORT BEACH, Calif .– (COMMERCIAL THREAD) – Genesis Bank (“Genesis” or the “Bank”) today announced that it has entered into a partnership agreement with the Asian Business Association of Orange County (“ABAOC”). The partnership focuses on critically important initiatives spanning small business growth, financial education, internships, mentorship and business development opportunities through programs designed specifically to positively impact financial success. Asian American-owned businesses in Orange County, California.
Stephen H. Gordon, Founding President and CEO, said, “We are delighted to announce our partnership with ABAOC, which for over 25 years has been a leader in serving the small business community owned to minorities in Orange County. We collectively recognize that there is a void in the banking industry of those who are committed to continuously providing high quality, technology-driven and transparent banking services to the Asian American community, which has always been underserved locally and nationally. This was particularly evident during the recent pandemic, when so many small minority-owned businesses lacked access to the essential financial services needed to overcome the economic challenges facing their businesses. ”
Mr. Gordon added: “As this partnership has developed, we have listened to many key elements of the Asian-based business community and are now looking forward to having a positive impact on owners’ growth and success. small businesses, entrepreneurs and minority business professionals. . ”
Mr Gordon concluded: “While the banking community has constantly strived to improve the quality and accessibility of banking services to minority groups, Genesis Bank, as one of only two minority deposit-taking institutions ( MDI) diverse and multiracial in the United States, we are committed to striving to fill the void and make a difference by bringing our comprehensive resources, technology, products, services and solutions to our diverse Asian American communities on the cultural and generational level.
Jay Ungos, President of ABAOC, said: “The ABAOC team is very excited to embark on this strategic partnership with Genesis, a partnership that we knew had to happen for our small community. Latin American companies. From our first interactions with the Genesis team, we immediately felt the Bank’s deep commitment to the community through its inspiring culture and timely mission that embraces diversity, entrepreneurship and collaboration. Together, we share the same passion for serving our Asian American-owned small business community and look forward to making a big impact. ”
About Genesis Bank
Genesis Bank is a California state chartered commercial bank organized by a group of highly experienced and successful bankers, investors and professionals. The Bank is focused on meeting the financial needs of small and medium-sized businesses and homeowners, as well as investors in income-producing multi-family and commercial properties located primarily in Los Angeles and Orange counties, California, as well as in the western part of the Inland Empire. (Riverside and San Bernardino counties). Additionally, Genesis is an MDI and is only the second diverse and multiracial MDI in the United States. The Bank is powered by GenTeckSM, a revolutionary combination of cutting-edge technologies, tightly integrated to provide customers with a seamless, digital-first and seamless experience. The Bank’s products, services and solutions primarily include traditional commercial products, Small Business Administration (SBA), income properties, and owner-occupied commercial real estate loans and deposits, as well as cash management services and solutions. . Genesis Bank is headquartered in Newport Beach, California, and can be found online at www.mygenesisbank.com. Genesis is an equal housing lender and member of the FDIC.
About the Orange County Asian Business Association
The Asian Business Association of Orange County was founded in 1992 as a non-profit corporation under IRS 501 (c) (6) to serve the needs of growing Asian businesses in the county. of Orange. ABAOC’s mission is to provide Asian Americans with the opportunity to access economic advancement through networking, education and community representation. Since its inception, ABAOC has developed strong relationships with all its affiliates through partners and supporters, government relations and other chambers of commerce, and has brought together many ethnic business organizations and chambers of commerce to form one of the most diverse and influential business organizations. in the community. ABAOC has also collaborated with different chambers and community organizations to foster economic and social development, and has organized many networking mixers, procurement events, and awareness programs.