An Inside Look at Northern Bank’s Cannabis Banking Program

Wednesday, July 26th, 2023 1 PM EST | 60 Minutes

Northern Bank in Massachusetts operates a thriving and rapidly evolving cannabis banking program in a highly competitive market.  In this one-hour virtual session, we invite Josh Lanouette, Northern’s Head of Financial Crimes and Business Process Transformation, to provide an inside look at the program, which is now taking the unique step of offering $0 account service fees to the cannabis industry.  Hosted by Green Check subject matter expert Stacy Litke, with experience helping build and scale over 130 cannabis programs, this webinar gives attendees insights on providing a competitive cannabis line of business, adapting it to industry change, and branding it effectively in the face of competition. 

Topics Covered Include: 

  • Building a Business Case
  • Implementation after Board Approval
  • Competing in a Crowded Market
  • Going Through Examinations
  • Utilizing Technology
  • Marketing and Branding

Takeaways

  • Copies of all presentation materials
  • 90-day access to the recording 

Who Should Attend:

  • Board members
  • CEO
  • CFO
  • Compliance and risk officers
  • Branch operations managers
  • Business development teams
  • Lending officers
  • Marketing and communications teams
MEET OUR

Presenters

Stacy Litke

VP, Banking Programs, Green Check

Stacy Litke is VP of Banking Programs at Green Check Verified with decades of experience in the financial services industry.  Time spent in retail, lending, operations, and technology — and from the seats of a community banker, fintech executive, and consultant — has provided Stacy with a comprehensive view of the industry.  Prior to joining Green Check, Stacy was SVP of Operations for a Massachusetts-based, $900 million institution.  Today, she uses her collective experience to help financial institutions with compliant cannabis banking programs.

Josh Lanouette

Head of Financial Crimes and Business Process Transformation, Northern Bank & Trust

Josh Lanouette is the Head of Financial Crimes and Business Process Transformation at Northern Bank & Trust Company where he is responsible for the management and execution of the bank’s fraud and anti-money laundering programs. In his role, he developed the bank’s current program for the onboarding and monitoring of cannabis customers. Prior to joining Northern Bank, he was a Senior Manager in Ernst & Young’s Forensic & Integrity Services practice where he assisted financial services companies with investigations, litigation support and regulatory responses.