The New York Office of Cannabis Management (OCM) has introduced a new “Cannabis Banking Directory”.
The directory is now accessible at the bottom of the Social Economic and Equity page on the OCM’s website. Launched yesterday, the directory is intended to help licensed marijuana businesses find reliable banking services as the state’s legal market expands.
“This directory, launched by our SEE Team, aims to streamline the connection between licensed cannabis businesses and supportive financial institutions,” says OCM. “This initiative is part of the office’s strategic efforts to reduce regulatory barriers and improve financial stability for cannabis businesses.”
OCM says “The lack of accessible, compliant financial services has long been a challenge for licensed operators, complicating essential operations and transparency. The cannabis banking directory addresses these issues by bridging the gap between cannabis entrepreneurs and banks and credit unions that understand the unique needs of the industry.”
Below is the full list of banks servicing marijuana businesses:
Southern Chautauqua Federal Credit Union
1283 East Second Street |
Lindsay Hubbard Chief Compliance OfficerPhone: (716)665-7000 Email: LHubbard@665-7000.com |
Western New York |
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Suffolk Credit Union
3681 Horseblock Road |
Micah Schlendorf AVP Business DevelopmentPhone: (631) 730-3419 Email: cbb@suffolkcu.org |
Long Island |
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Hanover Bank
80 East Jericho Tpke |
Peter Su Director of Specialty BankingPhone: (516) 888-0681 Email: psu@hanoverbank.com |
All Regions |
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Jonestown Bank & Trust Co. (JBT)
P.O. Box 717 |
Ashley Hess VP, Cannabis Banking ManagerPhone: (717) 274-5180 Email: CannabisBanking@jbt.bank |
All Regions |
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National Bank of Coxsackie
P.O. Box 400 |
Sarah McGrath BSA Officer/Accredited Cannabis BankerPhone: (518) 731-6161 Email: smcgrath@nbcoxsackie.com |
Capital District; Central New York; Mid-Hudson; New York City; Southern Tier |
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Dart Bank | Ross Sloan SVP & Specialty Banking OfficerPhone: (517) 676-3661 Email: banking@dartbank.com |
All Regions |
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Stearns Bank N.A. | Phone: 1(800)320-7262 Email: cannabiscompliance@stearnsbank.com |
All Regions |
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AmeriCU Credit Union | Gail Rizzo-Spilka AVP, Membership DevelopmentPhone: (315) 281-6507 Email: specialtyaccounts@americu.org |
All Regions |
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Valley Bank
80 E. Ridgewood Ave Paramus, NJ 07652 |
Caroline Colone Head of Specialty Banking ServicesPhone: (973) 872-4567 Email: crb@valley.com |
All Regions |
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Ponce Bank
2244 Westchester Avenue Bronx, NY 10462 |
Jason Olmeda VP BSA OfficerEmail: contact.center@poncebank.net |
Long Island; Mid-Hudson; New York City; Southern Tier |
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