New Resource Bank Grows into New San Francisco Offices

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New Resource Bank's new LEED gold offices reflect its commitment to sustainability and its mission as a triple-bottom-line bank to serve both people and the planet.

Our new office at 255 California Street

“The new office reflects our commitment to sustainability and our mission as a triple-bottom-line bank to serve both people and the planet,” said Vince Siciliano, President and CEO of New Resource Bank.

New Resource Bank (OTCBB: NWBN) announced it has moved into new offices in downtown San Francisco today.

The move to 255 California Street, Suite 600 reflects the bank’s continued growth. The current office space was not able to accommodate the bank’s expansion as the lease expired. The new headquarters on California Street will be larger to allow the bank to further grow its employee base. The space continues the same high environmental standards established at the former 405 Howard Street location, including LEED-Gold certification.

“We are pleased to share that New Resource Bank is growing and expanding. We continue to have strong financials, which support our growth into the new office. The new office reflects our commitment to sustainability and our mission as a triple-bottom-line bank to serve both people and the planet,” said Vince Siciliano, President and CEO of New Resource Bank.

Some of the sustainability features in the new office space include low Volatile Organic Compounds (VOC) paints throughout; Greenguard-certified furniture that utilizes recycled content and natural materials and does not contain flame retardants; Forest Stewardship Council (FSC)-certified wood on all desks and credenzas; reclaimed wood on the walls and flooring from TerraMai; tiling from fellow certified B Corp and client Fireclay Tile; sustainably manufactured coffee bar products from client Heath Ceramics; sustainable bamboo cabinets from Alter Eco Cabinetry; LED lighting from Vode; and a living wall from Habitat Horticulture.

A team of employee volunteers worked together with the designers and architects over the past year to ensure the new office space reflects the bank’s values, culture and most of all, is one that contributes to employee well-being. The new premises will have room for further growth as well as more meeting rooms and a bigger space for client events. Additional enhancements include a wellness/meditation room for employees and opportunities to incorporate clients’ products and stories into the space.

“As a values-based bank, it is our mission to provide banking services that benefit the environment and communities we work in. That begins with the example we set in our office and with our employees and continues with the types of organizations we finance,” remarked Mark Finser, Chairman of the New Resource Bank Board.

New Resource Bank is a successful example of a new kind of bank that is committed to the triple bottom line of people, planet and prosperity. Through the types of projects the bank funds, New Resource Bank can fight climate change, support more sustainable food systems and better health, help schools expand, sustain the vital work of nonprofits in our communities and grow socially and environmentally responsible small businesses that are providing jobs with fair wages. Banks have a major role to play in building a more sustainable economy as they have the power and capital to decide what projects and organizations are financed. New Resource Bank is proud to use that power for good.

About New Resource Bank

New Resource Bank ( is a triple-bottom-line bank serving values-driven businesses and nonprofits that are building a more sustainable world. We see money as an agent of positive social, environmental and economic change. We use banking to transform the economy into one that serves all people and the planet. By putting deposits to work for good, we lend to organizations that benefit our communities and preserve our planet.

This press release contains forward-looking statements such as statements about certain expectations and projections. Forward-looking statements are based on currently available information, are not guarantees of future performance and are subject to numerous risks and uncertainties. Such risks and uncertainties may include, but are not necessarily limited to, fluctuations in interest rates; fluctuations in asset prices, including real estate; inflation; changes in laws or government regulations or policies; general economic conditions, including the real estate market in California; the adequacy of the bank’s allowance for loan losses; and other factors beyond the bank’s control. Such risks and uncertainties could cause results for subsequent interim periods or for entire years to differ materially from those indicated. Readers should not place undue reliance on forward-looking statements, which reflect management’s view only as of the date of this press release. The bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

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Stephanie Meade
since: 04/2009
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