Banking Green: Why Sustainable Banks Make a Difference

Whether you’re looking for a new bank or just want to check out sustainable options, Climate First Bank is a values-based, FDIC-insured digital community bank that combines traditional banking with strong environmental and social values.

Choosing a bank to partner with is a personal decision. On your quest to find the right bank, you might check if they’re FDIC insured, explore their fees and perks, and decide if you need branch access or are fine with a fully digital experience.

You’ll need to weigh the pros and cons of joining a local credit union versus a national bank. But don’t overlook banks that emphasize environmental and social values. Sustainable banking options are rare, but they can offer more than just traditional financial benefits.

Take Climate First Bank in Florida, for example, the first FDIC-insured bank is dedicated to sustainability goals. While it operates just like any other bank and upholds fiduciary responsibilities to its customers, it also advances its environmental and social commitments.

Ken LaRoe, Founder, CEO & Chairman of Climate First Bank, emphasizes, "We are the only bank in the state of Florida that is a chartered benefits corporation (B-corp) and one of the few value-based banks in America.” 

What does this mean for customers? They receive the assurances of a traditional FDIC-insured bank, along with the added advantage of using their financial choices to support positive environmental and social change. 

For instance, Climate First Bank offers up to 100% financing for rooftop solar through its proprietary loan application, which quickly informs customers of their approval status, discusses federal rebates and tax incentives, and imposes no prepayment penalties.

LaRoe highlights, “On June 1st, Climate First Bank expanded its solar financing program nationwide, going beyond its original focus in Florida,” making it more accessible to all Americans. This expansion aims to help more homeowners secure green loans and benefit from the increased home value associated with adding rooftop solar to their residences.

Customers of Climate First Bank and other value-based banks can make smart financial decisions while using their hard-earned dollars to make a positive impact. You don’t have to choose between profit and environmental progress—you can have both.

Not entirely convinced? Watch the video interview with Ken LaRoe to discover the benefits of value-based banks and find out if there is one near you.