The New Resource Bank- Putting The Community Back Into Community Banking

✅ All InspiredEconomist articles and guides have been fact-checked and reviewed for accuracy. Please refer to our editorial policy for additional information.

Logo_4

The New Resource Bank organizing group came together in 2005 to build a bank that is "by the people and for the people" of their community. The founding organizers brought together proven entrepreneurial success along with deep banking expertise and community leadership.

The organizers are joined by a board of directors and senior management team with over 200 years of banking experience. The collective experience draws from governance and executive leadership of major national banks as well as local community banks.

Prior to opening, 240 founding shareholders subscribed to $24.75 Million of the Bank’s stock offering. The offering was strongly supported by the community, with $35 Million in subscriptions representing a 60 percent oversubscription from the original offering targets of $20 to $22 Million. This is one of the largest initial capitalizations for a start-up bank in Northern California.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top