New Resource Bank
New Resource Bank is a San Francisco, California-based bank which is a part of Amalgamated Bank.
| Company type | Subsidiary |
|---|---|
| Industry |
|
| Headquarters | |
| Parent | Amalgamated Bank |
| Website | newresourcebank |
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.
New Resource is a founding member of the Global Alliance for Banking on Values, a Green America certified business, and a San Francisco certified Green Business.
Vince Siciliano, the current CEO of New Resource Bank, is also an advisory board member of the American Sustainable Business Council.