REPRESENTS LARGEST EVER DE NOVO BANK CAPITALIZATION IN ORANGE COUNTY AND INLAND EMPIRE, AND SECOND LARGEST IN LOS ANGELES COUNTY 

NEWPORT BEACH, CA, July 26, 2021 /PRNewswire/ -- Genesis Bank (In Organization), announced today the completion of its oversubscribed initial capital raise of $57.0 million, led by investors Stephen H.  Gordon, managing member of Gordon Ventures, and Arkview Capital. The private offering represents the  largest de novo capitalization ever in Orange County, Riverside County, and San Bernardino County, and  the second largest de novo capitalization in Los Angeles County. Stephen H. Gordon has a long-established history of investing his own private capital to found, lead, operate, build, and take public multiple banking  institutions on the West Coast. Arkview Capital, founded and led by Joon Chang, Pavel Chernyshov, and  Vijay Mehta, is a minority-certified private equity fund focused on investing in diversity-oriented  businesses.  

Mr. Gordon stated, “I am excited for this opportunity to invest in the launching of a new commercial bank  headquartered in and focused on serving the diverse business and commercial real estate needs of Southern  California. As the banking industry experiences ongoing consolidation and dislocation, the market serving  diverse communities, small to mid-sized businesses, and owners, operators, and investors in income  producing multifamily and commercial real estate, continues to grow, especially during this critical time  when the economy, at both the local and national level, recovers from the pandemic driven recession.”  

Mr. Gordon added, “As the lead investor and Founding Chairman and Chief Executive Officer of Genesis  Bank (In Organization), my investment is deeply rooted in my desire to make an immediate and meaningful impact on the widely diverse business owners, entrepreneurs, real estate investors, and businesses within  our local Southern California market area of Los Angeles County, Orange County, and the Inland Empire. It’s gratifying to have so many other great investors and leaders in the business community recognize the  need and share my vision.”  

Mr. Chernyshov, Co-Founder of Arkview Capital, stated, “We are excited to back Stephen H. Gordon and  his highly experienced team given their exceptional track records in building and operating multi-billion  dollar financial institutions. During the pandemic, we saw the need for an institution like Genesis Bank (In  Organization) to provide access to financial services to the low- to moderate-income, diverse communities  in Southern California, the second largest market demographic in the U.S. Our investment carries an  important positive multiplier effect on our capital and the local economy by supporting affordable and  workforce housing and small and mid-sized businesses in Southern California.” 

Mr. Gordon concluded, “My relationship with the Arkview principals dates back to 2010 when we acquired  and capitalized Opus Bank. Over the years, we have maintained a great relationship, and I’m incredibly  excited to continue our partnership as we launch Genesis Bank (In Organization).” 

Piper Sandler & Co. acted as an advisor to Genesis Bank (In Organization). Holland & Knight LLP served  as legal counsel. Carpenter & Company served as consultants. Greenberg Traurig LLP acted as legal  counsel to Arkview Capital. 

About Genesis Bank (In Organization) 

Genesis Bank (In Organization) is a proposed California-chartered, non-member de novo commercial bank  being organized by a group of highly experienced and successful bankers and business professionals. 

Genesis Bank (In Organization) will focus on serving the banking needs of small to mid-sized businesses,  and owners and investors of income-producing multifamily and commercial real estate, located primarily  in Orange and Los Angeles counties, California, as well as the western portions of the Inland Empire  (Riverside and San Bernardino counties). Genesis Bank (In Organization) is powered by GenTeckTM, a  groundbreaking combination of best-in-class technologies, which are tightly integrated to give clients a  seamless, digital first, and transparent experience featuring end-to-end straight through processing to access  lending, depository, and cash management solutions. Genesis Bank’s (In Organization) products, services,  and solutions will primarily include traditional commercial business, Small Business Administration  (SBA), income property, and owner-occupied commercial real estate (industrial, retail, office) loan and  deposit products, as well as treasury management services and solutions. Genesis Bank (In Organization) will also provide fiduciary banking, escrow, and section 1031 exchange services to serve the banking needs  of its clients. Genesis Bank (In Organization) is headquartered in Newport Beach, California. 

About Gordon Ventures, LLC 

Gordon Ventures, LLC is the organizing entity on behalf of Genesis Bank (In Organization). 

About Arkview Capital 

Arkview Capital is a minority-certified private equity fund focused on investing in diversity-oriented  businesses. As a Minority Business Enterprise (“MBE”) certified by the National Minority Supplier  Development Council, Arkview believes that companies aligned with their diverse customer base will  outperform long-term. Arkview provides capital to businesses serving diverse communities, partners with  diverse founders, and promotes diversity within procurement and supply chains of leading Fortune 1000  companies. 

For more information, please contact: 

James Jones, Spokesperson 
Carpenter & Company 
949-579-1441 

Cautionary Statement 

This press release may contain certain forward-looking statements within the meaning of the Private  Securities Litigation Reform Act of 1995, including but not limited to statements regarding the anticipated  business plans, product offerings, service levels, and financial condition of Genesis Bank (In Organization), and expectations of performance of Genesis Bank (In Organization) or its Board of Directors and  management team. The use of any of the words “achieve,” “anticipate”, “continue”, “estimate”, “expect”,  “may”, “will”, “would”, “project”, “plans”, “should”, “believe” and similar expressions are intended  to identify forward-looking statements. All statements included herein, other than statements of historical  fact, involve various risks and uncertainties. There can be no assurance that such statements or information  will prove to be accurate, and actual results and future events could differ materially from those anticipated  in such statements or information. Genesis Bank (In Organization) does not undertake, and specifically  disclaims, any obligation to update any forward-looking statements to reflect occurrences or unanticipated  events or circumstances after the date of such statements and does not accept responsibility for the  adequacy or accuracy of this release.