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RSF Announces Support for The New Resource Bank

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RSF is pleased to announce its support for the Bay Area’s newest “green” bank. The New Resource Bank is a community bank that started when a group of visionary individuals and organizations, including RSF, recognized a need for a bank to finance businesses developing environmentally friendly products.

RSF has been an active participant since efforts to organize the bank began in 2005. It is also one of the largest shareholders during the bank’s initial capitalization phase. RSF invested $1 million and it may look to purchase additional stock in the future.

RSF’s President and CEO, Mark A. Finser, who serves on the New Resource Bank’s board of directors and credit and mission committees, sees the work of both organizations as complementary. “For RSF, this is a natural extension of our mission. We connect investors and philanthropists with socially beneficial projects that promote a healthy and sustainable world through investing, lending, and philanthropic services,” says Mr. Finser. “New Resource Bank, as a chartered bank, and RSF, as a tax-exempt non-profit organization, can each deliver a range of services that the other could not offer. There will be many opportunities to partner with one another to expand the field of social finance.”

“RSF has been an instrumental organizer and investor in the bank. RSF helped extend our network and Mark Finser brings wonderful experience to our board as a true pioneer in social finance,” says Peter Liu, initial founder and vice chairman of New Resource Bank. “We look forward to collaborating with RSF to help entrepreneurs and innovators grow sustainable businesses and organizations.”

Via: (RSF)

Written by John-Paul Maxfield

John-Paul Maxfield is the founder of Waste Farmers. Waste Farmers is a next generation sustainable agricultural company focused on helping humanity meet current and future food demands, while decreasing agriculture’s environmental footprint. The Company started in 2009 with $9,000 and a belief that idealism and capitalism can coexist. Today Waste Farmers has evolved into an innovator respected by leaders in the global community for developing simple solutions to the complex problems of modern agriculture and food security. Prior to starting Waste Farmers, John-Paul founded the "The Inspired Economist", a blog focused on covering the people, places, ideas, and technologies inspiring positive change and redefining capitalism.
In addition, John-Paul served as an Associate a private equity group specializing in small to mid cap service companies. In this capacity he focused on planning, forecasting, budgeting, and performance evaluation of MBH and its designated subsidiaries. Prior to joining MBH, John-Paul was an Analyst with Alvarez and Marsal where he spent the majority of his time on a team that aided Louisiana’s Recovery School District with the restoration of public schools post Hurricanes Katrina and Rita.

John-Paul is active in the Colorado community, serving on the Board of the Rocky Mountain MS Center. In 2007 he was selected as one of the “Fifty for the Future” by the Colorado Statesman and is a graduate of the inaugural class of Impact Denver. John-Paul holds a BA from the University of Colorado.

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