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New Resource news

State of the bank: financial and leadership strength grow

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New Resource enters its fourth year well positioned to achieve key near-term goals: restore a balance sheet buffeted by the economic crisis, move toward profitability, and bring our mission to a larger marketplace.

 

Fiscal health in turbulent times

New Resource helps SunRun bring home the solar

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New Resource Bank

Getting their own solar power is something a lot of homeowners would like to do, but many lose interest when they see the upfront installation cost.

Enter SunRun, an up-and-coming San Francisco–based company that’s partnering with New Resource Bank to make residential solar systems affordable. SunRun’s pioneering business model offers homeowners power purchase agreements (PPAs), which let them get solar at a reduced or no upfront cost. They pay only a monthly bill for electricity use; SunRun installs and maintains the systems.

Bringing our mission to a larger marketplace

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“Eventful” barely begins to describe New Resource Bank’s first three years—emerging from infancy into the biggest economic crisis in half a century was a huge challenge. But we’re proud of what we’ve accomplished, and we see an even more compelling story unfolding over the next few years as we bring our mission to a larger marketplace.

How will that play out? Re:new editors asked President and CEO Vince Siciliano and founder and Vice Chairman Peter Liu to share their vision for growth.

 

Bank adds executive strength

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Joe Anzalone has joined New Resource as head of the Commercial Banking Group, responsible for managing business lending (including the bank’s new asset-based lending program) and developing target markets. He draws on experience in operating, advising, and financing emerging growth and later-stage technology companies as well as a 15-year stint at Silicon Valley Bank.

New Resource earns Green-e certification

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New Resource has earned a 2010 Green-e certification from the Center for Resource Solutions, verifying the quality of the bank’s offset program. The bank offset 100 percent of 2009 carbon emissions from office electricity use, server operation, employee commutes, and business travel by purchasing renewable energy credits.

Speaker/networking series debuts

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Our new bimonthly series, re:think, launches Feb. 3 with Hunter Lovins, president and founder of Natural Capitalism Solutions. The event will run from 5:30 to 7:30 p.m., with plenty of time for meeting fellow New Resource customers. The series is part of our ongoing effort to foster community and encourage dialogue about sustainability. Look for an invitation in your e-mail box soon.

New branch manager steps up product, service development

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New Resource is stepping up sales and marketing efforts with the appointment of Gary Groff to the new position of branch manager at bank headquarters.

Groff, formerly vice president, relationship manager at New Resource, was a branch manager for Union Bank before joining New Resource two years ago. He’s sitting at the front of the house now, and encourages customers to stop in and say hello—or maybe you’ll catch him cycling to work, surfing at Ocean Beach or snowboarding in the Sierra.

 

New banking package saves nonprofits money

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New Resource Bank

New Resource has created a banking package for nonprofit organizations that provides discounts on services that help them bank more efficiently, higher interest rates on deposits, and an opportunity to increase donations.

Supporting California’s climate law

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New Resource Bank

New Resource has signed on to the Environmental Entrepreneurs (E2) Climate Campaign, which is rallying business support for the mix of climate policies in California’s AB 32 Scoping Plan. The E2 campaign aims to show that these policies—currently under attack by the oil industry and others—will reduce emissions while enhancing the state’s competitive edge in the emerging clean energy economy and cleantech market.

FDIC order lifted

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New Resource Bank

Government regulators have lifted an order issued last year requiring New Resource to make certain operational and asset-quality improvements. The bank, which like many others took a hit from the sharp economic downturn, has bounced back unusually quickly and is now focused on growth and advancing its sustainability mission. Read the full press release.

 

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