Important Coronavirus Updates: View the latest details on our COVID-19 Resources Home Business Industry Solutions Hemp Hemp banking has challenges. We have solutions. Get started today: CONTACT US Most banks won’t bank hemp-related businesses. At West Town Bank & Trust, we don’t just bank hemp, we embrace it. We’ve built a hemp program uniquely tailored to the challenges of hemp-related businesses. We provide a full suite of commercial banking services and we’re experts on the rules and regulations, so you feel unquestionably safe and secure banking with us. Simply put, hemp-related businesses bank at West Town Bank & Trust because we know hemp. Why Does Hemp Bank Here? Get Started We prioritize your financial security with our compliance and regulatory expertise. We are all-in on the hemp industry and play an active role in the hemp community to stay up to date on regulations. We pride ourselves on our personal high-touch banking experience, giving you the service you need to succeed. We help created tailored solutions to serve the unique needs of the industry, such as payment processing. GET STARTED We Are Committed To Helping The Hemp Industry Grow Hear from our customers & partners “We’ve seen a number of banks that have said they are going to get involved in the industry, but then it ends up that their interest is short lived. West Town Bank, on the other hand, is committed for the long haul.” Chip Miller Co-Founder & CEO Abundant Labs “It was amazing to find a bank that truly understands the hemp industry and was willing to listen to my story. West Town Bank not only has banking services I need, but they also provide recommendations and network connections that helps move us further along in the industry.” Rachel Johnson Chief Operating Officer International Hemp “Being from an organization that represents a variety of stakeholders trying to build a thriving hemp industry, I’ve had countless conversations with cultivators, processors, extractors and retailers in North Carolina, and many are experiencing the same challenges when it comes to banking. We look for partners that understand collaboration is critical for the industry to reach its full growth potential and we couldn’t be happier to find banks that embrace this same core value.” Blake Butler Executive Director Southeast Hemp Association Supporting Hemp Businesses & Associations Across The Country HEMP BANKING CASE STUDY Partnering with West Town truly goes beyond just banking. READ MORE 7 Ways to Grow Your Hemp Business Through A Full-Service Payment Processing & Banking Solution LEARN MORE GET STARTED Hemp-Related Fundamental Business Requirements: Compliance-Focused – Thoughtfully designed internal policies and procedures. Testing, Testing, Testing – Be prepared to share testing procedures, as well as testing samples on a regular basis. Disposal Procedures – Remediation procedures are clearly defined and have been tested. No MRB Connection – Proof of completely separate ownership and no operational ties to marijuana-related businesses (MRBs) or entities that sell Delta-8-THC products. General Best Practices – Be organized and prepared to discuss all of the above with a banker! Hear from Our Hemp Banking Team on Why #HempBanksHere Got questions? Let’s talk. CONTACT US Email – Ross Sloan at rsloan@westtownbank.com for more information; or Give us a call at: 877-BNK-HEMP Since 1922, West Town Bank & Trust has been creating long-lasting relationships with our banking customers and partners, based on old fashioned values and future-thinking ideas. Our single focused purpose is your financial wellbeing. CONTACT 8450 Falls of Neuse Road, Suite 204 Raleigh, North Carolina 27615 info@westtownbank.com 855-693-8290 QUICK LINKS USDA BUSINESS LOANS SBA LOANS HEMP BANKS HERE™ INVESTOR RELATIONS MORTGAGES INSURANCE CUSTOMER SERVICE © 2021 West Town Bank & Trust. All Rights Reserved. | Member FDIC, Equal Housing Lender Terms & Conditions | Legal | Privacy Statement | Community Reinvestment Act Strategic Plan Search