On the 14th of November, the NewResource Bank in San Francisco will have its Grand Opening. Triodos Bank, the ethical bank which I love and used to work with, is a founding shareholder of the bank.
Prior to opening New Resource Bank, 240 founding shareholders subscribed to $24.75 Million of the Bank’s stock offering. The offering was strongly supported by the community, with $35 Million in subscriptions representing a 60 percent oversubscription from the original offering targets of $20 to $22 Million. This is one of the largest initial capitalizations for a start-up bank in Northern California.
The shareholders of New Resource Bank have built leading Bay Area companies as well as leading green and sustainable businesses. They are part of the New Resource Community, which the Bank draws upon to tap broader networks and knowledge to serve its clients. It's the old fashioned benefits of a community bank matched together with an innovative bank.
Check it out: www.newresourcebank.com
Thanks so much for the post. I checked out COSAD's website and was very exited about the work you are doing. It would be great to learn more about the Center for Cultural Creativity and Entrepreneurship when I arrive in Tanznaia in a few weeks. I will be in Arusha, so I will keep you posted!
ReplyDelete