Newport Beach-based Genesis Bank has opened a homeowners association banking division.
The division will serve property management companies, homeowners associations, condo associations, and their boards of directors, according to a statement.
It will provide online and mobile banking, treasury management, lockboxes, payment processing and depository, and fraud protection.
“Genesis Bank brings a track record of serving property management companies, homeowners associations, and condo associations,” said Stephen H. Gordon, founding chairman, and chief executive officer of Genesis Bank, in the statement.
Genesis works with small to mid-sized businesses and owners, as well as investors in multifamily and commercial real estate in Orange, Riverside, San Bernardino, and Los Angeles counties, according to the statement.