Business
Safe Harbor Financial Welcomes Douglas Fagan to Board of Directors
GOLDEN, Colo., April 20, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader
About this update from Shf Holdings, Inc.
[{"type":"text","content":"GOLDEN, Colo., April 20, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced that it has appointed Douglas Fagan, President and CEO of Partner Colorado Credit Union (“PCCU”), to the Company’s Board of Directors, effective immediately. Mr. Fagan replaces Joshua Mann, Co-CEO of Northern Lights Acquisition Corp. “As a representative of our long-standing operational partner and largest shareholder, Mr. Fagan will provide unique insights and invaluable guidance as a Director of the Company,” said Sundie Seefried, CEO of Safe Harbor. “On behalf of everyone at Safe Harbor, I’d like to welcome Mr. Fagan to the team, and also thank Mr. Mann for his commitment and service.” Mr. Fagan joined PCCU in September 2017 as its Chief Financial Officer and has served as the credit union’s President and CEO since July 2021. Prior to PCCU, he was Senior Vice President of Asset Management at MIDFLORIDA Credit Union and Vice President of Finance at Bag Gulf Credit Union. Mr. Fagan earned a Master of Business Administration, with a concentration in accounting, from the University of Tampa and a Bachelor’s Degree in accounting and finance from Florida Southern College. About Safe HarborSafe Harbor is among the first service providers to offer compliance, monitoring and validation services to financial institutions, providing traditional banking services to cannabis, hemp, CBD, and ancillary operators, making communities safer, driving growth in local economies, and fostering long-term partnerships. Currently managing more than 1000 cannabis-related relationships, Safe Harbor, through its financial institution clients, implements high standards of accountability, transparency, monitoring, reporting and risk mitigation measures while meeting Bank Secrecy Act obligations in line with FinCEN guidance on cannabis-related businesses. Over the past eight years, Safe Harbor has facilitated more than $18 billion in deposit transactions for businesses with operations spanning over 40 states and US territories with regulated cannabis markets. For more information, visit www.shfinancial.org. Forward-Looking StatementsCertain statements contained in this press release constitute \...