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GBank Monetary Holdings Inc. Declares Financial institution of George Sponsored Nonprofit, SafeNest, Awarded $25,000 FHLBank San Francisco 2021 AHEAD Financial Improvement Grant

Published: Oct 12, 2021 @ 3:33 p.m. EDT|Updated: 15 hours ago

LAS VEGAS, Oct 12, 2021 / PRNewswire / – GBank Financial Holdings Inc. (“GBank” or the “Company”) (OTCQX: GBFH), the parent company of the Bank of George (the “Bank”), announced today that the Bank of George sponsored non-profit organization SafeNest, is the recipient of a $ 25,000 grant.

“I’m excited to announce that our sponsored nonprofit, SafeNest, has received an award $ 25,000 in this year’s AHEAD program at FHLBank San Francisco, “said T. Ryan Sullivan, President / CEO of GBank and Bank of George.

The grant from the Federal Home Loan Bank of San Francisco is awarded to nonprofits through a competitive process available to their members. FHLBank San Francisco awarded $ 1.5 million in grants to 60 projects promoting economic development and promoting financial stability in Arizona, California, and Nevada Municipalities.

“Financial instability shouldn’t be the reason someone returns to an abusive domestic situation,” said Marietta Nuñez, senior vice president and community investment officer at FHLBank San Francisco. “We are proud to work with our member, the Bank of George, to enable SafeNest to provide direct financial assistance to customers who need a boost to stay safe and advance their lives.”

About SafeNest

SafeNest is Nevadas largest and most comprehensive non-profit organization to end the domestic violence epidemic in Clark County. Since it opened in 1977, SafeNest has answered over 500,000 hotline calls and served over 25,000 people. Services include: 24/7/365 Domestic Violence Hotline, PS417 Mobile Response, Emergency Shelter, Counseling, Judicial Assistance, Legal Services, and Case Management. More information is available at www.SafeNest.org. For immediate help and support, call the 24/7 domestic violence hotline at 702-646-4981 or send an SMS.

About Federal Home Loan Bank of San Francisco

FHLBank San Francisco is a member-operated cooperative that helps local lenders get in Arizona, California, and Nevada Strengthen communities, create opportunities and change lives for the better. The instruments and resources that we make available to our member financial institutions promote home ownership, expand access to high-quality housing and promote economic development. AHEAD grants are awarded annually and through the bank’s member financial institutions to local community organizations for projects and programs that benefit lower-income and underserved communities.

The enterprise

GBank Financial Holdings Inc. (“GBank” or the “Company”) (GBFH), a bank holding company with approx $ 543 million in wealth June 30, 2021, conducts its business through its wholly-owned subsidiary, Bank of George (named in honor of George Washington). The bank, founded in 2007, operates two full-service retail branches in Las Vegas, Nevada, with primary lending activities geared towards bringing customers into Nevada, California, Utah, and Arizona. Bank of George has key businesses in three prominent business areas: SBA Lending, FinTech Gaming Division and Commercial Lending. The bank conducts national business through its SBA lending activities (ranked 24th in the nation by the US Small Business Administration for the SBA 7 (a) dollar loan volume up to June 30, 2021) and its partnership with BankCard Services, LLC (“BCS”). The FinTech Gaming Division, founded in 2016, operates the Sightline Payments Play + Solution (https://sightlinepayments.com/) for seamless and secure payment and gaming, which enables cashless, mobile trading solutions for gaming, lottery and sports betting ecosystems – positioning of GBank as the financial leader in this new world of payments. The bank also provides general commercial banking services focusing on the needs of small and medium-sized businesses, high net worth individuals, professionals and investors. The bank offers a full range of consumer deposit products and is focused on providing a world class level of service. The Bank of George has been recognized by S&P Global Market Intelligence as one of the top 100 US community banks for each year for the past five years $ 3 billion in wealth. For more information about the Bank of George, please visit their website at https://www.bankofgeorge.com. GBank’s common stock is listed on the US OTCQX market under the symbol GBFH.

Forward-Looking Statements

GBank has made forward-looking statements in this press release. These forward-looking statements are subject to risks and uncertainties. Forward-looking statements contain information about possible or anticipated future operating results of the company and its subsidiaries. Whenever words such as “believes,” “expects,” “expects” or similar expressions appear in this press release, the company makes forward-looking statements. Please note that many factors could affect the future financial results of the company and its subsidiaries, individually or collectively, and could cause such results to differ materially from those in the forward-looking statements in this press release. These factors include but are not limited to: the recent and ongoing coronavirus (COVID-19) pandemic, which is risky and may damage the company’s business and operating results in future quarters, credit risk, changes in market interest rates, inability to operate, merger-related synergies, competition, Economic downturn or recession; and government regulation and supervision. The company assumes no obligation to update or revise any forward-looking statements.

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SOURCE GBank Financial Holdings Inc.

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