Climate First Bank Celebrates Breakthrough Year Surpassing $540 Million in Assets
Climate First Bank, the world’s first FDIC-insured community bank founded to combat the climate crisis, releases its annual financial and operational successes in a letter to stakeholders that highlights the consistent demand for comprehensive, sustainable banking solutions and its strategic growth initiatives. The values-based, community-driven bank surpassed $540 million in assets in the last year, making a substantial impact on the banking industry and the environment. The financial institution is projecting a fruitful 2024. Read the full 2024 Stakeholder Letter.
“Climate First Bank does business with a purpose. Our mission is to make sustainable finance accessible to everyone,” said Ken LaRoe, CEO and Founder of Climate First Bank. “Our model, which merges modern technology with a values-based, community-driven approach, is working. More people every day are joining our movement, voting with their wallets and banking like tomorrow depends on it. In 2023, we reached and exceeded many major milestones; now, we look forward as we prepare to exit de novo in June, and take Climate First Bank nationwide.”