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Needham Bank continues to strengthen its role as a trusted banking partner for the legal cannabis industry and hired Bobby Boyda as First Vice President, Specialized Banking & Cannabis Business Development to lead its growth.

As the leader of the business development team, Mr. Boyda will drive the identification and onboarding of new cannabis-related business clients and work closely with existing clients to ensure comprehensive support for their financial requirements. His responsibilities will include promoting Needham Bank’s full suite of services, including cash management solutions, lending products, and bank at work programs tailored for employees in the cannabis industry.

Mr. Boyda joined Needham Bank with experience in business development and financial services, including roles focused on relationship management, revenue growth, and strategic partnership development. He holds a Juris Doctorate from Suffolk University and worked at Century Bank, Eastern Bank, and PNC prior to joining Needham Bank.

“Needham has a reputation of excellence, and I’m happy to join the team,” said Mr. Boyda. “The cannabis industry is maturing, and the experienced experts in the specialized banking division are helping these businesses succeed and scale. I look forward to helping the bank grow this market.”

“Bobby brings deep industry insight and a proven track record in relationship management and business growth. We’re excited to have him aboard,” said Paul Evangelista, Executive Vice President and Director – Specialized Banking. “His leadership will enhance our ability to serve cannabis operators throughout New England and beyond with integrity and excellence.”

Needham Bank continues to expand its cannabis banking practice while maintaining a strong commitment to operators throughout the New England region. The bank currently serves approximately 450 cannabis-related clients in 25 states, showing both its national reach and deep industry expertise.

Scalable Financial Solutions for Every Stage of Growth

Needham Bank’s cannabis banking program offers scalable solutions designed to meet the needs of a broad range of operators — from smaller caregivers and local cultivators to multi-state operators seeking dependable financial infrastructure. The bank’s experienced team of more than 30 professionals remains focused on delivering responsive service, regulatory insight, and hands-on support that clients expect from a community bank with national capabilities.

Needham’s approach balances rigorous compliance with practical support. The bank’s automated compliance framework, remote cash handling services, and expansion-oriented financing options enable cannabis operators to manage their finances with confidence and clarity.

Commitment to New England’s Business Community

Needham Bank’s relationship with its home region anchors its cannabis banking strategy. The bank’s deep roots in Massachusetts serve as the foundation for a broader New England-centric approach that emphasizes partnership, reliability, and shared economic growth.

Participating in industry events across the region allows Needham Bank professionals to engage directly with cannabis operators, regulators, and community leaders. These interactions reinforce the bank’s role as a genuine partner invested in the success of the regional cannabis ecosystem.

Through sponsorships, educational forums, and direct outreach, Needham Bank strives to elevate best practices and strengthen the community fabric that supports responsible industry development.

Looking Ahead

As the regulatory and commercial landscape of cannabis evolves, Needham Bank remains focused on delivering sustainable solutions for operators across New England and beyond. The bank’s commitment to community, compliance, and client service positions it to support continued industry growth.

Needham Bank’s cannabis banking team looks forward to building on established relationships and forging new ones with operators who value integrity, professionalism, and a long-term banking partner.

For more information about cannabis banking services, please visit the Needham Bank website or contact a member of the specialized banking team.