San Francisco — New Resource Bank (OTCBB: NWBN) is proud to announce it has become a Certified B Corporation (the “B” is for benefit) for its commitment to comprehensive social and environmental standards. The bank is the first Certified B Corporation whose stock is traded on the OTC Bulletin Board.
New Resource was founded in 2006 with a commitment to achieving environmental and social as well as financial returns. Its mission is to advance sustainability in everything it does—in lending, operations, and putting deposits to work for good.
“We see ourselves as a sustainability leader, and becoming a Certified B Corporation helps ‘bake’ this into the DNA of an organization’s culture,” said Chairman of the Board Mark A. Finser. “We are proud to have taken this step, and we hope to build on this good work to support our borrowers in assessing their own best practices for community engagement and environmental stewardship.”
New Resource’s commercial lending programs focus on serving green and sustainability-oriented businesses, and the bank’s staff has exceptional expertise in sustainable business sectors such as renewable energy, green building, and organics. For personal banking customers, New Resource’s offerings include solar and energy efficiency home equity loans, a CD that finances solar installations, and a debit card that generates donations for nonprofit organizations.
“We want to redefine the metrics that people use to measure business success,” said New Resource President and CEO Vince Siciliano. “In becoming a Certified B Corporation, we’re joining a community of business leaders who think the same way. That will help us fulfill our sustainability mission and better serve our customers.”
The bank operates out of LEED Gold–certified offices and works continually to make its own operations more sustainable. In addition to recycling, environmental purchasing, and other sustainability practices, the bank offsets 100 percent of its electricity usage and company travel through the purchase of Green-e certified renewable energy certificates and partners with iReuse to track and reduce waste and consumption.
New Resource is a founding member of the Global Alliance for Banking on Values and is certified as a Green Business by the City of San Francisco. It was named one of America’s greenest banks for IT operations by Bank Technology News in 2010.
About New Resource Bank
New Resource is the bank for people who are leading the way to a more sustainable world. We match an entrepreneurial spirit with a dedication to achieving environmental and social as well as financial returns. Our mission is to advance sustainability with everything we do—the loans we make, the way we operate, and our commitment to putting deposits to work for good.
About B Corporation
B Corporation is a project of B Lab, a nonprofit organization dedicated to using the power of business to solve social and environmental problems. B Lab drives systemic change through three interrelated initiatives: building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and just good marketing; accelerating the growth of the impact investing asset class through use of B Lab’s GIIRS impact rating system by institutional investors; and promoting supportive public policies, including creation of a new corporate form and tax, procurement, and investment incentives for sustainable business. Certified B Corporations meet rigorous standards of social and environmental performance; legally expand their corporate responsibilities to include consideration of stakeholder interests; and build collective voice through the power of the unifying B Corporation brand. There are over 300 Certified B Corporations from over 50 industries, representing a diverse multibillion-dollar marketplace. For more information go to http://www.bcorporation.net
Vince Siciliano, President & CEO