Genesis Bank Partners With Fiserv to Support Businesses in Low- and Moderate-Income Communities

Genesis Bank (“Genesis” or the “Bank”), announced today that Genesis and Fiserv, Inc. (NYSE:FI) will partner to offer businesses located primarily in low- and moderate-income (“LMI”) communities access to Clover point-of-sale (“POS”) technology, with zero entry costs and significantly discounted subscription fees. The popular Clover point-of-sale and business management system from Fiserv enables small- and mid-sized businesses to accept payments and run their business while also offering capabilities to enhance customer experience and streamline operations. Genesis Bank is one of only two diverse multiracial Minority Depository Institutions (“MDI”), out of nearly 4,600 banks in the U.S.

Stephen H. Gordon, Chairman and Chief Executive Officer of Genesis Bank, stated, “We are incredibly excited to be partnering with Fiserv, a leading global provider of payments and financial technology solutions, to offer this low-cost retail solutions bundle to small- and mid-sized businesses. As the underlying nature and complexity of technology continues to evolve, gaining access to advanced POS systems has become essential for businesses to effectively operate, compete, and grow. As one of only two diverse, multiracial MDIs in the U.S., Genesis Bank recognizes cost burden as being a significant barrier to gaining access to such essential technology, especially for the diverse small business owners and entrepreneurs that have historically been underserved. Accordingly, we believe this affordable Clover offering will further support our mission to make an impact in the diverse, entrepreneurial LMI communities we serve across Southern California. Additionally, we applaud the efforts of Fiserv to stand by their community commitments and believe this partnership will extend our collective reach into those businesses in need of such essential technology.”

Neil Wilcox, Head of Corporate Social Responsibility at Fiserv, stated, “Fiserv is committed to innovation and accessibility, and we’re proud to partner with Genesis Bank to provide critical financial technology resources to the businesses that play a meaningful role in creating the vibrant and entrepreneurial communities that comprise Southern California, the second largest and most diverse demographic in the U.S.”

Wilcox continued, “Throughout our long-standing history with the Genesis leadership team, they have always exhibited an entrepreneurial spirit and commitment to community, which aligns with the culture and core values of Fiserv. Our shared commitment inspired the rollout of this unique partnership, and we look forward to building upon the community impact of each of our institutions.”