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RSF Helps Launch The New Resource Bank

RSF Helps Launch The New Resource Bank

Published 12-06-06

Submitted by RSF Social Finance

SAN FRANCISCO, CA - December 5, 2006 - RSF is pleased to announce its support for the Bay Area's newest "green" bank. The New Resource Bank is a community bank that started when a group of visionary individuals and organizations, including RSF, recognized a need for a bank to finance businesses developing environmentally friendly products.

RSF has been an active participant since efforts to organize the bank began in 2005. It is also one of the largest shareholders during the bank's initial capitalization phase. RSF invested $1 million and it may look to purchase additional stock in the future.

RSF's President and CEO, Mark A. Finser, who serves on the New Resource Bank's board of directors and credit and mission committees, sees the work of both organizations as complementary. "For RSF, this is a natural extension of our mission. We connect investors and philanthropists with socially beneficial projects that promote a healthy and sustainable world through investing, lending, and philanthropic services," says Mr. Finser. "New Resource Bank, as a chartered bank, and RSF, as a tax-exempt non-profit organization, can each deliver a range of services that the other could not offer. There will be many opportunities to partner with one another to expand the field of social finance."

"RSF has been an instrumental organizer and investor in the bank. RSF helped extend our network and Mark Finser brings wonderful experience to our board as a true pioneer in social finance," says Peter Liu, initial founder and vice chairman of New Resource Bank. "We look forward to collaborating with RSF to help entrepreneurs and innovators grow sustainable businesses and organizations."

About RSF

RSF is a social finance organization that provides innovative investing, lending, and philanthropic services to catalyze the growth of organizations that strive for economic, environmental, and social sustainability. For more information, visit www.rsfsocialfinance.org.

About New Resource Bank

New Resource Bank is a commercial bank in San Francisco founded by leading entrepreneurs, along with seasoned banking executives from national and local community banks. It strives to set a new standard in customer service while financing efficient and sustainable resources in its community. For more information, visit www.newresourcebank.com.

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RSF Social Finance

RSF Social Finance

RSF Social Finance is a financial services organization dedicated to transforming the way the world works with money. RSF offers investing, lending, and giving services that generate positive social and environmental impact while fostering community and collaboration among participants. Our growing community of clients is furthering the work of social entrepreneurs in the fields of Food & Agriculture, Education & the Arts, and Ecological Stewardship. Building the field of social finance through community-based economic practices and a productive ecosystem of social finance partners is part of our work toward a human centered culture of finance. Since 1984, RSF has made over $275 million in loans and over $100 million in grants to non-profit and for-profit social enterprises.

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