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Re: DWillie post# 71201

Wednesday, 08/12/2020 10:01:15 PM

Wednesday, August 12, 2020 10:01:15 PM

Post# of 73938
PBC is not a financial institution. It's just a trade name, a "dba," possibly a fraudulent front for money that ended up in GRN Funds accounts, as documented by the court case. It's not a "bank." There are no "branches." From testimony in front of the senate banking committee in July 2019

Following up with you directly about a bank issue my company, JadeHouse Extractions, had. We
had an account with a branch of a bank called Pacific Banking Corp and had an awful
experience, almost went to the point of litigation. Most of the time we couldn’t wire money out
on time and when we tried making deposits wouldn’t deposit them into our account on time and
essentially made every move we tried to make extremely difficult and would take over a week at
times. It got to the point where they would not let us make any wires out at all (mind you we had
no debit/credit card or other way to move money in or out of our account). They didn’t officially
freeze the account but they made it so it was not possible for us to access the money in the
account. It got to the point where we essentially felt like we were a hostage to the bank. Took
several weeks until we were able to finally wire our money out of that account and close it.
We’ve been struggling/scared to try and find another solution since."

https://www.merkley.senate.gov/imo/media/doc/19.07.23%20CANNABIS%20BANKING%20PERSONAL%20STORIES.pdf

It's nice to have a lot of horsepower in the engine room but you need some in the wheelhouse too.