Climate First Bank
There are many banks. Our bank is being founded as the only one to fight the climate crisis. The nation's first climate-focused bank will be coming to the St. Pete/Tampa Bay region in 2021. A bank’s value should come from its values. St. Pete and Tampa Bay know all too well the increasing ferocity of hurricane seasons. That’s just one measure of the climate crisis. The status quo of sustainability is no longer an option. The future demands we work together now to reverse the damage done by our carbon addiction. Climate First Bank (I/O) will be a full-service community bank offering personal and commercial banking services with a triple bottom line of people, planet, and prosperity. We will support customers, communities, and our planet by operating as a vehicle for positive change.
What does a zero carbon, climate-focused community bank look like? FinTech Futures spoke to Climate First Bank's founder, Ken LaRoe, and CTO, Marcio deOliveira, about the US entrant's ethos, technology, and plans, including its mixed views on fintechs. The climate crisis is only too apparent in Climate First Bank’s home state of Florida, with the threat of ever increasing storms and super-charged hurricanes, sea level rises, and record-breaking heat days, among other climate impacts. The bank claims to have been carbon neutral since day one, commits to never investing in extractive industries, and makes every decision through the lens of achieving Drawdown.
Values-based community bank Climate First Bank has partnered with Project Regeneration to develop a one-of-a-kind checking account that will support, promote and create funding for the environmental nonprofit's mission of planetary regeneration. When a client opens a Project Regeneration checking account, a $100 donation will also be made directly to Project Regeneration to assist with the foundation’s sustainable initiatives. In addition to the one-time contribution, monthly earnings garnered from the interest on all balances will be donated to the foundation. The account will also have no minimum account balance and no monthly fees.
Climate First Bank, the nation's only bank founded specifically to combat the climate crisis, today welcomes four new hires to its team. The additions include Holly Bridwell as marketing director and wingwoman to the chairman, Lauren Dubé as vice president and director of client and mission partnerships, Blaine Worak as senior vice president, senior credit administrator and loan operations manager, and Rachel Yorston as commercial and government-guaranteed lending associate. Dubbed the "Mighty Millennials," these brilliant, young professionals and their collective dedication to prevent the climate crisis represent the country's brightest future.Climate First Bank is a values-based community bank offering a complete, full-service portfolio of simple and easy-to-use traditional banking products. These products are powered by high technology to meet the expectations of today’s consumers. In addition to offering standard banking services, the company places a special emphasis on non-governmental organizations (NGOs) and businesses committed to sustainability. Eco-conscious customers will find dedicated loan options for solar photovoltaic (PV), energy retrofits and infrastructure to help combat the climate crisis.