New Resource Bank

New Resource Bank
Company typeSubsidiary
Industry
Headquarters
San Francisco, California
ParentAmalgamated Bank
Websitenewresourcebank.com

New Resource Bank is a San Francisco, California-based bank which is a part of Amalgamated Bank.[1][2][3][4][5]

The bank is insured by the Federal Deposit Insurance Corporation and offers commercial loan and deposit products, specializing in renewable and alternative energy, green building, organic food, and green products and services. It also offers personal banking accounts.

New Resource's lending decisions factor in a sustainability measurement. The bank's goal is a loan portfolio invested 100 percent in businesses that are advancing sustainability. All new loan recipients must be green businesses or committed to improving their operational sustainability and managing their impact on society and the environment.[6][7]

New Resource is a founding member of the Global Alliance for Banking on Values,[8] a Green America certified business,[9] and a San Francisco certified Green Business.[10]

Vince Siciliano, the current CEO of New Resource Bank, is also an advisory board member of the American Sustainable Business Council.[11][12]

  1. ^ Roose, Kevin (2011-11-03). "Amid Wall Street Protests, Smaller Banks Gain Favor". The New York Times. Retrieved 2016-07-11.
  2. ^ "Amalgamated Bank Completes Merger with New Resource Bank". GlobeNewswire News Room. May 21, 2018. Retrieved 2018-05-31.
  3. ^ "Amalgamated Bank Completes Merger with New Resource Bank". New Resource Bank. May 21, 2018. Retrieved 2018-05-31.
  4. ^ Gilbert, Jay Coen (April 20, 2018). "'Too Good To Fail': Big Ideas For A Big Bank With Values". Forbes. Retrieved 2018-05-31.
  5. ^ Calvey, Mark (December 15, 2017). "Second Bay Area community bank bought this week". San Francisco Business Times. Retrieved 2018-05-31.
  6. ^ "New Resource Bank | Who We Finance". New Resource Bank. Retrieved 2016-07-11.
  7. ^ Schultz, Clark (2011-05-05). "New Resource Bank: The Green Bank You Are Looking For". GreenBankReport. Archived from the original on 2015-02-08.
  8. ^ "Global Alliance – For Banking on Values ~ GABV Commits at the Clinton Global Initiative". Global Alliance for Banking on Values. 2009-09-25. Retrieved 2016-07-11.
  9. ^ "Green Pages: New Resource Bank". GreenPages.org. Green America. Retrieved 2016-07-11.
  10. ^ "New Resource Bank". San Francisco Green Business. City and County of San Francisco. Archived from the original on 2016-08-17. Retrieved 2016-07-11.
  11. ^ "Advisory Board". American Sustainable Business Council. Retrieved 2016-07-11.
  12. ^ vanden Heuvel, Katrina (2011-02-16). "Time for a New Economy". The Nation. ISSN 0027-8378. Retrieved 2016-07-11.