Cannabis Banking

We are ready to help your business grow. As the #1 bank in Massachusetts for marijuana banking, we will serve your cannabis business’ needs in a safe, secure and compliant way. Our cannabis banking team, led by industry pioneer Paul Evangelista, was the first to bank cannabis-related business in Massachusetts, so you won’t find a more experienced cannabis banking team. Our experts have shaped the cannabis banking industry and look forward to assisting you with your banking needs.

Needham Bank offers full-service banking for marijuana-related businesses including loans, deposit accounts and cash management services. We also are eager to serve the needs of your employees- whether it’s personal checking accounts, mortgage loans or other deposit or loan products. Not to mention, most of our products can be opened and serviced online, although a friendly Needham Banker is always available by phone at our Customer Care Center.

To learn more contact
Paul Evangelista, EVP - Director Specialized Banking

Cash Management Services

We’ll recommend the best combination of services to help you maximize cash flow, save money, and reduce the time you spend on your business’s finances. Learn More

Account Analysis

Account Analysis is the perfect complement for our customers who need Cash Management Services. We’ll help you align products and services that make sense for you. With our competitive earnings credit, you may lower or completely offset your cash management fees.

Automated Clearing House (ACH) Origination

Automated Clearing House Origination allows you to move funds electronically through the ACH network. Businesses of any size can use this service to directly deposit or withdraw funds from their customers’ accounts at any financial institution.

Wire Transfers

Wire transfers provide a fast, easy method to keep your financial operations running smoothly. Wire transfer services allow you to pay vendors or send money both domestically and internationally through the wire networks.

Remote Deposit Capture

No time to get to the bank? Remote Deposit Capture allows you to deposit checks from your business using a scanner or mobile device.

NB Business Online & Mobile Banking

From depositing checks to managing user entitlements to advanced Cash Management, the essential financial tools for all of your banking needs are available in one place. NB Business Online and Mobile Banking scales with the needs of your business. We’re constantly improving our online & mobile features and user experience so you can bank how you want, when you want. 

 

 

Products & Services

Business Checking

A business checking account is a key part of your business’s financial picture and operations. We have two market leading account options: NB Business Checking and NB Corporate Checking. Both accounts carry no minimum balance requirements and come with the best in online and mobile banking. Learn More

Business Savings

We offer NB Business Money Market accounts, NB Business CDs and Self-Employment Plan (SEP) IRAs so you can save smarter and better to make the most out of your money.  Learn More

Highlights

  • Massachusetts leader in marijuana banking
  • Largest cannabis banking team in Massachusetts – over 25 cannabis banking professionals
  • Cash management solutions tailored to your unique needs
  • Consistent experienced banker as single point of contact

Meet the Team

Paul Evangelista
Executive Vice President, Director Specialized Banking

Robert Boyda
Assistant Vice President, Business Development- Specialized Banking

Gracine Copithorne
Senior Vice President, Risk & Compliance Officer

John Norris
Vice President, Branch Manager IV- Specialized Banking