Banking News

Excess Telecom Announces Exclusive Partnership With Genesis Bank

Excess Telecom Announces Exclusive Partnership With Genesis Bank

Partnership Aims to Narrow Digital Divide, Bringing Affordable Connectivity Available to Those Who Need it Most

Excess Telecom announced that it has entered into an agreement with Genesis Bank with the aim to narrow the digital divide in low- and moderate-income (LMI) communities. Genesis Bank will be the exclusive national banking partner of Excess Telecom. The partnership provides Excess and Genesis the opportunity to address and serve those most impacted by the digital divide that exists across minority and LMI communities throughout the country. By promoting economic and intellectual growth through the distribution of reliable, affordable, and accessible premium wireless Internet service and enabled tablets, access to education, information, and knowledge is readily available at one’s fingertips.

Cobby Pourtavosi, President of Excess Telecom, stated, “We believe that connectivity cost should not be a factor in joblessness, food insecurity, access to medical care, or access to education. We live in a society that increasingly demands connectivity to maintain function in society, yet, there is a divide amongst the haves and the have nots. We firmly believe that all Americans should have access to work, education, medical assistance, family, and more. By partnering with Genesis Bank and their wide net of community partners, we have a chance to narrow the digital divide in these often overlooked and underserved communities, giving them the connectivity required by the American economic system.”

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Narrowing the digital divide can be done through strategic partnerships working together for the greater good.

Stephen H. Gordon, Founding Chairman and Chief Executive Officer of Genesis Bank stated, “Through this exclusive partnership, we are excited to now have the unique capability to leverage our deep relationships and distribution across the majority minority and LMI communities of Southern California and beyond, and deliver, through Excess, essential Internet and telecommunication services to those in need. We strongly believe that our collective efforts will help narrow the digital gap that continues to exist between demographics and LMI and majority minority communities that lack access to digital technology and connectivity.”

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Together, Excess Telecom and Genesis Bank are excited to leverage the resources and collaboration of community partners who help to meet the needs of historically underserved populations in Southern California and beyond. Access to affordable connectivity is a simple means of creating opportunities for employment, better healthcare and education, and keeping families connected across great distances.

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