Large initiatives often start on a local scale, making regional financial institutions a driving force behind economic and cultural development nationwide. Supported by the technologies and economic needs of the current society, banks often mirror a region’s progressive ideals. Thus, as our society has moved through waves of globalization, consolidation, deregulation and diversification, we’ve seen our financial institutions adjust accordingly.
There are more than 6,800 FDIC-insured banks in the United States. As the public becomes more aware of the need for environmental protection and sustainable infrastructure, more of these banks are turning to green practices that help preserve our natural resources. Hopefully, green banking will become the norm as preservation of our environment becomes more urgent — including paperless systems, energy efficient buildings, charging stations that promote the use of electric vehicles, and the use of organic and non-toxic products.
Ken LaRoe, founder of First GREEN Bank, a Florida bank with a …