Our Newest Customer Is A Mutual Fund That Banks For 100% Impact
Appleseed Fund (NYSE: APPLX, APPIX), a go-anywhere value mutual fund, has added to its community investment portfolio by purchasing certificates of deposit in Spring Bank, a Bronx, New York-based community bank. Read the press release here.
How’d we connect? The National Community Investment Fund (NCIF) recently conducted an independent, holistic analysis of Spring Bank’s lending, branch operations, customer base and hiring practices. The result: a designation of “100% Impact” placing us high in NCIF’s coveted Quadrant 1. Less than 10% of all banks achieve a Quadrant 1 ranking for social performance.
We’re proud of the impact that our work has withinÂ our communities. We encourage everyone, (people, businesses, and investors), to join us. Turn your deposits into something great, at Spring Bank.