New Resource Bank is a commercial bank that emphasizes environmental and social sustainability in its lending and operations. The bank describes itself as the premiere bank for people leading the way to a more sustainable world and is a founding member of the Global Alliance for Banking on Values and a certified B Corporation. In January 2012 it completed a private equity placement that added new capital to support growth and increase its lending capacity. The placement raised $7.7 million through 1,750,000 shares priced at $4.40 per share, bringing total outstanding shares to 5,565,408. The bank has approximately 360 shareholders and counts institutional sustainability-focused investors among its major holders. Management said the new capital will enable continued growth, higher lending limits, and the ability to pursue new business opportunities.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2012