File this social enterprise news under ‘Better late than never’
From New Resource Bank’s website:
SAN FRANCISCO (June 9, 2010) — New Resource Bank (OTCBB: NWBN) is proud to announce it has become a Certified B Corporation (the “B” is for benefit) for its commitment to comprehensive social and environmental standards. The bank is the first Certified B Corporation whose stock is traded on the OTC Bulletin Board.
Not that New Resource is late relative to their larger contemporaries, more that socially-responsible finance is such a tiny sliver of our overall financial system that it’s almost a oxymoron. The social enterprise world needs to find wins when it can against the forces of the single bottom line. And social entrepreneurs need to make an effort to patronize institutions striving to support them; New Resource is one of those.
Remember Arianna Huffington’s Move Your Money campaign? New Resource is a great option, especially if you live in the Bay Area. Even if not, their suite of online services and ATM fee refund allowances make remote banking a complete possibility.