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Regional Pacific Banks

New Resource Bank, ticker symbol NWBN, was a publicly traded commercial bank based in San Francisco, California. The bank focused on providing financial services to sustainable and socially responsible businesses and organizations. However, I must note that the information I have is dated because New Resource Bank is no longer publicly traded and has been acquired by Amalgamated Bank.

As of the last available financial information before the acquisition:

1. Financial Performance:

New Resource Bank had reported total assets of approximately $337 million and total equity of around $34 million as of December 31, 2015. The bank had a strong focus on socially responsible lending, and their loan portfolio was well-diversified across various sectors such as renewable energy, organic food, and green real estate.

2. Earnings:

For the full year 2015, New Resource Bank reported net income of $1.4 million, a decrease from the net income of $1.9 million in 2014. The decrease was primarily due to higher operating expenses and lower non-interest income.

3. Growth:

New Resource Bank had a clear commitment to growth in the socially responsible banking sector. They had consistently increased their loan portfolio and total assets over the years prior to the acquisition. However, it's important to note that the growth rate varied from year to year.

4. Market Capitalization and Stock Performance:

As New Resource Bank is no longer publicly traded, current market capitalization and stock performance information is not applicable. However, historically, the bank's stock faced some volatility due to the niche market in which it operated.

Overall, New Resource Bank was a growing player in the socially responsible banking sector, focusing on lending to businesses and organizations that contributed positively to the environment and society. While the bank had shown consistent growth and financial performance, the stock market's reception to the company varied over time.

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