First Green Bank Rates & Review

First Green Bank review

Headquartered in Eustis, Florida, First Green Bank is a full-service community bank committed to green building and environmental sustainability. With branches in Clermont and Eustis, the leaders of this bank focus their attention on rewarding commercial clients, consumers and employees for their commitment to the environment.

The bank became profitable in June 2010 after 16 months of operation, with $102 million in assets and a B+ rating from the Better Business Bureau.

First Green Bank's environmental commitment

First Green Bank offers lower interest rates on loans for commercial projects that meet LEED (U.S. Green Building Council's Leadership in Energy and Environmental Design) standards. Loan officers are encouraged to become LEED accredited and earn a bonus for doing so. Employees are offered sabbaticals to work on sustainability projects. The website provides resources on green building techniques.

All customers are encouraged to use paperless e-statements and to take advantage of online banking for checking account balances, transferring funds and paying bills. For banking that must be conducted in person, the bank branches are open for extended hours in the evenings and on weekends.

Financial products and services

First Green Bank offers commercial and residential loan products along with consumer loans such as auto loans and personal loans.

Customers can open a checking account or a savings account such as a Sustainable Savings account. All deposit accounts with First Green Bank are free, with no monthly maintenance charges if minimum balance requirements are met.

Other green-labeled options include a Be Green money market account, a Hybrid Flex certificate of deposit (CD), and a Renewable IRA. A health savings account is also offered.

All deposit accounts with First Green Bank are FDIC insured to the maximum limit of $250,000 per depositor.