Printer-friendly version

New Resource news

New banking package saves nonprofits money

Author : 
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

Author : 
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

Author : 
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.

Green IT kudos

Author : 
New Resource Bank

Bank Technology Newshas named New Resource one of America’s six “Greenest Banks” for technology and operations initiatives, lauding the bank’s “sweeping plan” that “includes a collection of IT projects that even as standalones would reside at the forefront of emerging corporate energy strategy.” Read about the ranking and New Resource’s initiatives here.

Staff joins tree-planting effort

Author : 
New Resource Bank

A group of New Resource staffers will help Friends of the Urban Forest plant trees in San Francisco’s NOPA district on Saturday morning, July 31. Please join us—or find out about other events and how to get a tree planting in your neighborhood at: http://www.fuf.net/treePlanting/index.html.

Veteran exec joins New Resource team

Author : 
New Resource Bank

Robert Holden joined New Resource July 1 as senior vice president, commercial relationship manager. He’s responsible for business development and relationship management within the Commercial Banking Group. “I’ve spent most of my career working with young, growing businesses,” says Holden, who has spent almost 25 years in banking and finance, most recently as executive vice president and chief credit officer at Pan Pacific Bank in Fremont. “I’m excited to be with a bank that’s on the cutting edge and to have the opportunity to work with businesses that are helping to transform the economy.

Bank leaders work to make energy upgrades easy

Author : 
New Resource Bank

Energy and water efficiency and renewable power upgrades could soon be much more affordable and appealing to California property owners, thanks in part to hard work by New Resource Bank board director Bob Epstein and vice chairman Peter Liu on legislation promoting Property Assessed Clean Energy (PACE) programs statewide.

Bank debuts sustainability assessment

Author : 
New Resource Bank

New Resource is introducing a Sustainability Assessment program for new and renewing loan customers in the fall. The program, now in final testing, involves an initial interview and questionnaire, a customized sustainability toolkit based on the customer’s answers, and an annual assessment. Based on their questionnaire score, customers will be ranked as a learner, achiever, leader or champion, and New Resource will provide them with resources to help them improve. The assessment, which is separate from credit criteria, will help New Resource ensure that the bank and its customers are advancing sustainability.

New Resource brings environmental policy to life

Author : 
New Resource Bank

How do you make sure an environmental policy isn’t just another checked-off item on your sustainability projects list (“Yep, we have that”), but something that informs the everyday actions of people throughout your organization?
 New Resource faced that question when the staff Green Team realized that no one was reading the bank’s environmental policy. It not only needed an update, it needed a life beyond the page.
 The team went over the policy—a list of standards and relevant goals—point by point, deleting goals that had been met, making others more challenging, and adding targets. The bank then committed to bringing the policy to life, and is taking these actions:

  • Lunches hosted by President and CEO Vince Siciliano to walk all staff members through the policy
  • A sustainability challenge asking everyone to agree to work on nine items in the policy and come up with other things they want to do
  • Environmental action contests geared toward meeting specific goals
  • Incorporating the policy and expectations around it into the orientation process for new employees

“We don’t want to just put up the policy and have it never be read,” says Gary Groff, branch manager and Green Team chair. “We’re trying to build it into the fabric of the bank. 
“We’re starting with the lunches so that people recognize the importance of the policy—the CEO is introducing it—and understand it and buy into it,” he adds. “We want to do this in a way that lets everyone recognize the positive effects of adhering to it, for the business and themselves.”
 Key elements of the environmental policy include:

Waste diversion: New Resource aims to divert 90 percent of its waste from landfill (and may soon raise that goal to 95 percent). The bank composts and recycles, not just the usual materials but also soft plastics, e-waste and Styrofoam.

Environmentally friendly purchasing:The bank looks for the most Earth-friendly option with every purchase—which is not the sacrifice some might think. “The cost has been negligibly higher or not higher at all, and the quality has been as good,” Groff says.

Transportation:New Resource subsidizes public transportation for commuters and provides City CarShare to employees who need a car for meetings. The bank also buys third-party verified renewable energy certificates to offset employee travel as well as electricity use.

Download the full New Resource Bank Environmental Policy here.

Resources:

San Francisco Green Business Program — New Resource used the program’s standards as a basis for its policy.


iReuse — New Resource uses iReuse to track waste diversion.

New Resource becomes a B Corp Corporation

Author : 
New Resource Bank

New Resource Bank underscored its commitment to serving people and planet as well as profit by becoming a Certified B Corporation on June 8. The bank joins a growing roster of more than 300 B Corporations that includes such companies as Method, New Leaf Paper, Numi Organic Tea, RSF Capital Management, Seventh Generation, Sungevity and Sustainable Industries.

 

If you're a business user, click OK to skip this message.

 

Beginning on October 25, personal / consumer users will be required to register their browser within online banking. This is a onetime process that is quick and easy -- just follow the prompts after signing in.