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News
Are Green Banks a Good Idea? |
2009-07-31 |
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More and more banks are specializing in providing seed money for green endeavors. But is that a sound business model for a bank?
Green banks –- created to aid environmentally conscious businesses and consumers through better loan rates and other incentives -– are sprouting up around the country despite the recession.
Recent examples include E3bank in Philadelphia; the First Green Bank in Florida; and GreenChoice Bank in Chicago. Other examples, like ShoreBank Pacific and the Green Bank of Houston, have been around for a few years.
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