New Resource Bank is a San Francisco headquartered bank serving sustainable businesses and nonprofit organizations. The bank offers community banking services for individuals along with commercial products for businesses. New Resource’s target markets for commercial lending are clean energy, green building companies and projects, organic and natural products, nonprofit organizations, and businesses committed to sustainable management practices.
New Resource Bank is a community bank serving values-driven businesses and nonprofits that are building a more sustainable world. The bank sees money as an agent of positive social, environmental, and economic change and believes banking can transform the economy into one that serves all people and the planet. New Resource Bank is committed to lending to socially and environmentally responsible organizations that are advancing sustainability. The bank’s goal is to have its loan portfolio 100% invested in these organizations, with a focus on four key impact areas: Environmental Protection, Health & Wellness, Education & Community Empowerment, and Sustainable Commerce. To abide by its lending standards, the bank has all loan applicants complete an impact assessment that identifies areas for improvement, too. New Resource also operates impact checking accounts that generate donations for nonprofits with every transaction. Clients can also open Impact CDs where they can choose between three areas to support: clean energy, organic and natural products, or nonprofit organizations. Additionally, the bank is committed to operational sustainability and seeks to reduce its environmental footprint at every level. New Resource’s carbon footprint and energy usage are offset through credit purchases, and its headquarters are LEED Gold Certified.
New Resource Bank does not report any data for its key performance indicators or set goals for future improvement.
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.