Genesis Bank, announced the formal launch of its Homeowners Association Banking division, which focuses on providing a full suite of banking products, services, and solutions that are tailored to meet the banking and operational needs of property management companies, homeowners associations, condo associations, as well as their boards of directors. Specifically, Genesis Bank’s HOA Banking division delivers a sophisticated leading technology platform of integrated online and mobile banking, treasury management, lockbox services, payment processing, relationship management, depository, and fraud protection solutions that are critical to support the operations, success, and growth of property management companies, HOAs, and condo associations, while also, importantly, providing their board members with the critical resources, tools, and consultation necessary to meet their oversight and governance duties and responsibilities.
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Stephen H. Gordon, Founding Chairman and Chief Executive Officer of Genesis Bank, stated, “I’m pleased to announce the launch of Genesis Bank’s HOA Banking division. Through several decades of experience successfully founding, building, and operating multiple financial institutions with leading fiduciary, specialty, commercial, and income property banking divisions across Southern California, the collective Genesis team brings an extensive track record of serving property management companies, HOAs, and condo associations. Our veteran team of bankers are technologically equipped to seamlessly deliver our products, services, and solutions through our secure, intuitive, and efficient high-tech platform that is designed to meet the financial and operational needs of our clients. Additionally, the Genesis team brings the requisite skills and experience to serve as a consultative advisor to our property management, HOA, and condo association clients and board members, in order to enhance the level of operational efficiency, transparency, security, and oversight at the management and board levels.”
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Genesis Bank’s HOA Banking division reports to Balaji Krishna, Executive Vice President – Head of Specialty Banking, who brings over 20 years of banking experience, including Fiduciary Banking (HOAs, property managers, title companies, escrow companies, Section 1031 exchange accommodators) and Specialty Banking (nonprofit organizations, law firms, CPA firms, municipal entities). Prior to joining Genesis, Mr. Krishna held various management positions at U.S. Bank, Opus Bank, Bank of America, and Commercial Capital Bank.
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