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As the new chairman of New Resource Bank, I am pleased to reach out to you on behalf of our entire team to discuss opportunities and the challenges for our community in 2009. First, a few words about myself: I've spent the past two decades providing innovative investing, lending and philanthropic services for the goal of building a more sustainable future. As a founder and now chairman of RSF Social Finance in San Francisco, I've emphasized the value of people as well as profits. It's an approach to finance that seeks to transform the way we work with money to better our society as a whole. New Resource Bank was founded to deliver a new standard in customer service as a community bank while helping to build sustainable resources in our community. This approach to drive for shareholder value and a greater mission is why I and a host of leading entrepreneurs and business leaders joined Peter in starting this bank. Since we opened in 2006, we have accomplished a number of "firsts." We were the first bank in California to have a LEED-Gold certified facility. We launched a first-of-its-kind residential solar financing program with SunPower Corporation, a leading U.S. solar company. And we were also first to have a green differentiation in the practice of classic community banking, offering pricing incentives to community based real estate projects that are "built green." Our approach has received attention from a broad based community. In 2008, we reached and surpassed the $100 and $150 million mark in bank assets -- ahead of schedule while building a base of depositors from 31 states and 8 countries. At the same time, the Bank has used our depositors and investors resources to provide capital for the growth of leading local sustainable food producers like Straus Family Creamery, Hog Island Oysters and Cowgirl Creamery/ Tomales Bay Foods. We are also supporting a new generation of renewable energy entrepreneurs who are creating new jobs by putting clean energy to work. For example, the Bank has helped finance production lines for innovative solar module producer Solaria and the development of commercial solar projects by Tioga Energy. While we enjoy seeing the fruits of working with such inspired clients, we know that 2008 also presaged a challenging road ahead. Today, in our local community, unemployment is rising and property prices continue to fall. This recalls other moments in the history of our county where sudden change was thrust upon us and difficulties ensued; yet, new doors were then able to open. Together, we are experiencing just such a moment. The door is now opening wide to embrace what many have known all along: we must take care of our people and our planet, as well as to create sustainable profits. 2009 is a crossroads politically, economically, and socially, where moving forward will require re-invention by all of us. We are so proud of what some of our board members have done to help drive that progress. In 2008, Director Bob Epstein celebrated a major milestone in the California Air Resources Board's adoption of the Scoping Plan to implement AB-32, the California Global Warming Solutions Act. Bob and Environmental Entrepreneurs, which he co-founded, served as powerful business voices to advocate the environmental responsibility of action but also about the large economic opportunities that would arise from addressing climate change through efficiency and innovation. Vice Chairman Peter Liu served on the San Francisco Mayor's Green Building Task Force that developed and helped passed a pioneering legislation that will apply incentives and code changes to ensure that future new buildings in the city will be at least LEED-Gold rated. Mayor Newsom signed into law this legislation at a ceremony held at Matarozzi-Pelsinger Builders' LEED Gold headquarters, which was financed by New Resource Bank. Such efforts will create opportunities for which we intend to be well positioned. Our differentiation has already helped us to stand-out in 2008. We completed a nearly $15 million capital raise in September, one of the most challenging months in banking history, that increased our equity capital by more than 85%. As a FDIC-insured banking institution with a healthy capital base and liquidity, we believe that the bank can offer clients the opportunity to make smart and responsible decisions with their finances in 2009. The team at New Resource Bank looks forward to working harder than ever to provide you with excellent service and support, so you'll get more while your money does more. This is the first in a series of communications about issues that matter to you from me and other New Resource team members. Let me close by quoting our new President, to whom our outgoing director Jeff Bleich has actively served during the campaign and continuing into the transition. "Focusing your life solely on making a buck shows a certain poverty of ambition. It asks too little of yourself. Because it's only when you hitch your wagon to something larger than yourself that you realize your true potential." – Barack Obama This quote speaks much of our values and our goals for the New Resource Community: hitching our wagon to a more sustainable future. Sincerely, Mark A. Finser  Back to TopEveryday banking at New Resource Bank generates needed resources for organizations doing great things
Every time you use your New Resource Bank Visa Check Card for purchases, you earn Community Rewards that generate thousands of dollars for non-profit organizations that are working for sustainability. Testimonial: “Marin Organic has been a Community Rewards Partner of New Resource Bank since the bank's opening. We are a grass-roots organization of organic food producers in Marin County, working to promote and support local and sustainable agriculture in the San Francisco Bay Area. I first met bank founder Peter Liu before the bank opened in 2006. At the time, the bank sounded like a wonderful ideal. Today, the bank is a true partner. We have received thousands of dollars in support from the bank via its clients, who generate Community Rewards simply by doing their everyday banking. New Resource Bank's partnership goes even further than the Community Rewards program as the bank has been an active capital provider to some of our Producer Members, helping them to expand production on the most delicious local and sustainably produced foods to Bay Area residents. It's a win-win for everyone!” Helge Hellberg, Executive Director, Marin Organic To learn more about Marin Organic www.marinorganic.org Back to TopBasic FDIC insurance coverage for money markets and CDs has been increased to $250,000 until 12/31/2009. To find out more about how FDIC deposit insurance works go to http://www.fdic.gov/deposit/deposits/index.html Unlimited insurance coverage through 12/31/2009 is available on non-interest bearing transaction accounts and NOW accounts with a limit of 0.50% interest. This is provided under the Temporary Liquidity Protection Program, in which New Resource Bank is a participant. For more, go to: http://www.fdic.gov/news/news/financial/2008/fil08102a.html The FDIC has created a website to help you determine if your particular accounts are covered. To use this calculator go to https://www.fdic.gov/edie/index.html Email a bank representative at info@newresourcebank.com Back to Top
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