Would you like more information about banking with us? Fill out the form below and we will contact you.
How Can You Tell if Your Bank Is Trying to Do The Right Thing?
Demonstrating high social and environmental performance by certifying as a B Corp and continually measuring your institution against the rigorous B Corp measurement standards and becoming a US Treasury Community Development Financial Institution, demonstrating a commitment to supporting low- and moderate-income communities.
Becoming a Benefit Corporation. Making a legal commitment by changing your corporate governance structure to be accountable to all stakeholders, not just shareholders, in perpetuity.
Showing transparency and responsiveness to the community by working toward an “Outstanding” Community Reinvestment Act (CRA) rating and making your CRA reports available in branches and on your website.
Demonstrating high social and environmental performance by certifying as a B Corp and continually measuring your institution against the rigorous B Corp measurement standards and becoming a US Treasury Community Development Financial Institution, demonstrating a commitment to supporting low- and moderate-income communities.
Becoming a Benefit Corporation. Making a legal commitment by changing your corporate governance structure to be accountable to all stakeholders, not just shareholders, in perpetuity.
Showing transparency and responsiveness to the community by working toward an “Outstanding” Community Reinvestment Act (CRA) rating and making your CRA reports available in branches and on your website.
Is your bank a B Corp?
B Corps are mission-driven companies that balance purpose and profit.
A Certified B Corporation is a for-profit legal entity that has obtained certification from the nonprofit B Lab. B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and sustainability. This new type of corporation – the B Corp is purpose-driven and creates “benefit for all” stakeholders, not just shareholders.
Spring Bank is also a Benefit Corporation. This legal status is a layer on top of the traditional corporate status. Benefit corporation status protects company missions through capital raises and leadership changes and prepares businesses to lead a long-term mission-driven life.
Want to learn more about B Labs, visit: About B Corps
Is your bank a B Corp?
Certified B Corporations are companies that balance purpose and profit. They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community and the environment. The B Corp community of companies is driving a global movement of people using business as a force for good. All B Corps receive an independent third party score. B Lab. You can find B Corps and their scores at:
https://bcorporation.net/directory.
Spring Bank is the #1 B Corp bank in New York, with a current rating of 161.2. You can read more details about our rating here.
What is your bank's Community Reinvestment Act (CRA) rating?
In 2024 Spring Bank received the highest CRA rating, “Outstanding” from both the FDIC and the New York State Department of Financial Services.
What is your bank's Community Reinvestment Act (CRA) rating?
In December 2024 Spring Bank received the highest “CRA” rating, “Outstanding” from both the FDIC and the New York State Department of Financial Services.
Is your bank a U.S. Treasury-certified Community Development Financial Institution (CDFI)?
Community development banks are community banks committed to helping the underserved. All community development banks are certified as CDFIs by the U.S. Treasury, a designation which affirms their focus on mission.
Is your bank a member of the Global Alliance of Banking on Values?
The Global Alliance for Banking on Values (GABV) is a growing movement of independent banks using finance as a force for positive, sustainable economic, social, and environmental impact. Being a GABV members means we can learn about and implement best banking practices from around the world.
Schedule an appointment
Ready to grow with us? Come in and talk to one of our account managers to see how we can help. You can open a checking account, apply for a loan, open an IRA and more. Use the form below to schedule an appointment:
Have a question? Stop by a branch or call us at (718) 879-5000.