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Genesis Bank Announces Partnership With Santa Ana College and Excess Telecom

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Genesis Bank announced that it has forged a partnership between Santa Ana College and Excess Telecom, to address the lack of access to internet and technology. In the Fall of 2022, Genesis entered into an agreement to be the exclusive banking distribution partner of Excess Telecom, an officially licensed nationwide provider of the Affordable Connectivity Program (“ACP”), a government program operated by the Federal Communications Commission, offering discounted internet access and low-cost tablets to low- to moderate- income (“LMI”) households. As one of only two diverse, multiracial Minority Depository Institutions (“MDI”) in the U.S., Genesis has leveraged its collaboration with educational, collegiate, municipal, and philanthropic focused community organizations located predominantly in Genesis Bank’s Southern California markets to address the technology gap that exists in diverse minority and LMI communities. Such efforts have led Genesis Bank to play a key role in facilitating this partnership between Santa Ana College and Excess Telecom focused on bringing discounted broadband internet connectivity to qualified enrolled students and their respective households.

“On behalf of Genesis Bank, the Genesis Bank Institute for Entrepreneurship (“GBIE”

Stephen H. Gordon, Chairman and Chief Executive Officer of Genesis Bank, stated, “On behalf of Genesis Bank, the Genesis Bank Institute for Entrepreneurship (“GBIE”), our business incubator and advisory division, and the Genesis For Good Foundation, our 501(c)(3) public charity that supports financial literacy, mentorships, economic and workforce development, internships, and technical assistance, we are deeply honored and excited to have forged this important partnership. This impactful collaboration is representative of how different factions of the community can come together to leverage their respective resources, platforms, and capabilities, to collectively lead the charge in bridging the information and technology gaps that persist today. As one of only two diverse, multiracial MDIs in the U.S., we continually strive to live up to our mission as a leader in the communities we serve. We believe this partnership will have a lasting impact towards better enabling the educational, career, and personal aspirations of countless students, families, and graduates of Santa Ana College and the related communities at large.”

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Access to internet connectivity outside of a traditional classroom is necessary for students and individuals pursuing higher education or other means of self-development. It is important to acknowledge that the relationship between technological connectivity and educational resources is a major key to promoting financial well-being and economic change in our communities. Santa Ana College and Excess Telecom will provide qualifying students with discounts on monthly broadband internet service and certain connected devices. To be eligible for the ACP and a discounted device through Excess Telecom, a household member must be currently enrolled in a government assistance program.

Dr. Annebelle Nery, President of Santa Ana College, stated, “We always strive to remove barriers and to foster a successful learning environment for all our students. Students need accessibility, and by partnering with Excess Telecom and Genesis Bank, we are helping to close the digital divide by offering an opportunity to procure the technology and the Internet service they need to complete their educational goals.”

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Art Felix, Vice President of Strategic Partnerships at Excess Telecom, stated, “As our world becomes increasingly digitized, our mission is to provide the resources students need to successfully pursue higher education. By partnering with Santa Ana College, we are changing the trajectory of students’ lives. We are narrowing the digital divide and creating a climate where our leaders of tomorrow can thrive.”

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