New Resource Bank’s mission is to advance sustainability with everything it does—the loans it makes, the way it operates, and its commitment to putting deposits to work for good. To New Resource Bank, banking isn’t just a service—it’s a way to create a better world.
New Resource Bank manages the financial, environmental, and social impacts of its activities to promote the global well-being of future generations.
The founding organizers are technology entrepreneurs, green business pioneers and banking executives who believe that green has evolved from a social movement into a market opportunity and that sustainability will happen through the economy in the growth of new market options that are healthier, cleaner and more efficient.
The bank opened in September, 2006. Prior to opening, 200-plus founding shareholders subscribed to USD 24.75 million of the bank’s stock offering. The bank added to its capital base again in September 2008, completing an equity capital raise of $14.75 million in the midst of a very tough banking market. As of March 31, 2010, the bank had USD 179 million in assets.
New Resource Bank is a California state-chartered institution and its shares are tradable on the Over-the-Counter Bulletin Board.
New Resource Bank offers a full range of financial services to:
In addition to operating as a full-service community bank, New Resource provides innovative loans for green projects, including alternative energy, clean tech, organic food production, and sustainable home and office construction. The bank also offers services and provides knowledge to its community clients that could encourage more sustainable operations. For example, the bank has helped to facilitate an energy audit for a real estate lending client that will lead to the savings of both money, energy and pollution.