If the Farm Bill Legalized Hemp then Why is it Still Hard to Find a Bank?
Dana Chaves, Senior Vice President - Director of Specialty Banking, First Federal Bank
The reason for compliance and the process behind it.
Dana Chaves, Senior Vice President - Director of Specialty Banking Relations for First Federal Bank of Florida, Dana has been building strategic banking, financial and legislative relationships to further the cannabis industry's access to banking and financial services for more than six years. Prior to joining First Federal in February 2019, Dana worked at Hybrid Payroll as the Director of Banking Relations and Partner Colorado Credit Union (PCCU) AKA Safe Harbor Private Bank providing some of the earliest access to banking services to the cannabis industry.
Previously, Dana taught financial literacy courses at Johnson and Wales University and the CU@Denver PEER 1 program and served on the Partner Colorado Foundation raising funds for Education for 3 years. Earlier, Dana traveled with the US State Department and The Department of Energy on worldwide energy trade missions advocating and lobbying on behalf of Renewable Energy.
Dana greatly enjoys advocating for causes that mean a great deal to her, including her former role as Chairman on the NCIA Banking Access Committee and has Co-Authored a White Paper directed to Financial Institutions and State Regulatory Agencies on banking the industry and was asked to offer testimony to House Small Business Committee in Washington DC on banking and lending for the Cannabis industry. Most recently Dana has been invited to be a guest lecturer at Florida Gulf Coast University for teaching insight on the Business of Banking Cannabis. Dana is thankful to have the opportunity to bring her skills and resources to First Federal Bank of Florida and grow access to banking to the cannabis industry.