GBank Financial Holdings Inc. Pleased to Share the Press Release of BankCard Services, LLC Welcoming LoopGolf as a New Cashless Gaming Client


LAS VEGAS, Sept. 21, 2022 /PRNewswire/ — GBank Financial Holdings Inc. (“GBank” or the “Company”) ( OTCQX: GBFH), the mother or father firm for Bank of George (the “Bank”), is happy to share the press launch by BankCard Services, LLC (“BCS”), a Technology Company that allows Financial Institutions to take part in cashless gaming, welcoming LoopGolf as a new cashless gaming shopper of BCS and the Bank of George Gaming FinTech Division.

The full press launch from BankCard Services, LLC might be discovered right here:

BankCard Services, LLC Pleased to Welcome LoopGolf as a New Cashless Gaming Client

Through its contract with BankCard Services, LLC, Bank of George has been offering the banking options for Sightline Payments since 2016.

About LoopGolf

LoopGolf is golf’s digital pockets at the intersection of fintech, sports activities, and tradition. The first iteration of the LoopGolf cell software offers on-course coordinating, scoring, and settling of actual cash wagers. LoopGolf is now reside in the Apple App Store. Download now

About BankCard Services, LLC 

BankCard Services, LLC entered into an settlement with Sightline Payments in 2014 to present Bank of George as a sponsor financial institution to allow Sightlines Play+ cashless options for the gaming trade. Today, the Sightline/BankCard Services, LLC/Bank of George partnership companies over 700,000 accounts at Bank of George with over $2 billion in transactions since the Play+ sports activities betting launch in Nevada.

BankCard Services, LLC developed its proprietary “Pooled Player Account Powered by PIMSTM,” which expanded the Pooled Player Account construction with FDIC Insured particular person participant ledger accounts that allow digital cashless transactions.

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The Company

GBank Financial Holdings Inc. (“GBank“), a financial institution holding firm with roughly $635 million in belongings at June 30, 2002, conducts business by means of its wholly owned subsidiary, Bank of George (named in honor of George Washington). Founded in 2007, the Bank operates two full-service industrial branches in Las Vegas, Nevada, with major lending actions targeted on participating purchasers in Nevada, California, Utah, and Arizona. Bank of George has key companies in three outstanding divisions: SBA Lending, Gaming FinTech, and Commercial Lending. The Bank conducts business nationally by means of its SBA lending actions (ranked 14th in the nation by the U.S. Small Business Administration for SBA 7(a) greenback mortgage quantity by means of August 31, 2022) and its BankCard Services, LLC (“BCS”) partnership. Launched in 2016, its Gaming FinTech Division, by means of its contract with BankCard Services, LLC (“BCS“) is empowering Sightline Payments Play+ Solution (Sightline Payments) for seamless and safe pay-and-play that’s enabling cashless, cell commerce options for gaming, lottery, and sports activities betting ecosystems – positioning the Bank as a monetary chief on this new funds world. The Bank additionally offers common industrial banking companies with an emphasis on serving the wants of small- and medium-sized companies, excessive internet price people, professionals, and traders. The Bank provides a full complement of shopper deposit merchandise and is concentrated on delivering a premium stage of service. Bank of George has been acknowledged yearly for every of the previous six years by S&P Capital IQ in its Top 100 Best-Performing Community Banks. For extra details about Bank of George, please go to its web site at  GBank’s Common Stock is quoted on the US OTCQX Market below the image GBFH.

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Forward-looking Statements

GBank has made forward-looking statements on this Press Release. These forward-looking statements are topic to dangers and uncertainties. Forward-looking statements embody info regarding potential or assumed future outcomes of operations of the Company and its subsidiaries. When phrases such as “believes,” “expects,” “anticipates,” or comparable expressions happen on this Press Release, the Company is making forward-looking statements. Note that many elements may have an effect on the future monetary outcomes of the Company and its subsidiaries, each individually and collectively, and will trigger these outcomes to differ materially from these expressed in the forward-looking statements contained on this Press Release. Those elements embody, however aren’t restricted to: the latest and persevering with coronavirus (COVID-19) pandemic which poses dangers and should hurt the Company’s business and outcomes of operations in future quarters, credit score danger, adjustments in market rates of interest, lack of ability to obtain merger-related synergies, competitors, financial downturn or recession, and authorities regulation and supervision. The Company undertakes no obligation to replace or revise any forward-looking statements.

SOURCE GBank Financial Holdings Inc.

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