First GREEN Bank to Establish South Florida Headquarters in Fort Lauderdale

5/9/17

Values-based bank purchased site for $2.1 Million to build two-story, 8,000-square-foot headquarters building

First GREEN Bank, a local bank with a global mission, today announced that the financial institution will establish its South Florida corporate headquarters in Fort Lauderdale. The site at 400 East Davie Boulevard cost approximately $2.1 million. First GREEN Bank currently has a Fort Lauderdale branch located at 12 SE 12th Street (Davie Boulevard) in Ft. Lauderdale.

First GREEN Bank’s new South Florida headquarters will be constructed at the newly purchased 400 SE 12th Street site in Fort Lauderdale. The new headquarters building is scheduled to be open by the end of 2018. It will include USGBC LEED-certification Platinum, Net Zero Energy (solar powered), storm water collection/reuse, the highest level of sustainability/regeneration, and the highest GreenGlobes rating. The structure is also slated to have a gym, community room and other facilities which will be open to customers and the community organizations .

“We are dedicated to the South Florida community and are excited to share our commitment to environmental and social sustainability among business leaders and community members across the region,” said Keith Costello, President & CEO of First GREEN Bank.

First GREEN Bank’s commitment to its mission and superior customer service has led the organization to achieve great financial success. Since opening its South Florida office in June of 2016, the bank has grown from $414 million in assets to over $600 million, over a 45% growth rate. First quarter earnings have increased 40% as well from a year ago from $571,000 in 2016 to $796,000 in the quarter ending March of 2017.

First GREEN Bank Fort Lauderdale is a full-service financial institution, offering personal and commercial banking services such as loans, mortgages, checking and savings, CDs, IRAs and money markets. For more information about First GREEN Bank, please call (754) 216-0660 or visit www.firstgreenbank.com.

About First GREEN Bank

Since its opening in 2009, First GREEN Bank has led an impactful and successful charge to prove there is a better way to do business — one that is financially , environmentally and socially responsible. Inspired by Patagonia’s mission of incorporating a strong sense of social responsibility into its business, founder Ken LaRoe and CEO Keith Costello are the only two leaders and friends in the Southeast banking industry to promote environmentally responsible behavior through its own business and employees. LaRoe and Costello coincidentally hold the last and second to last bank charter in the state of Florida and, together, plan to use that certification to promote their global mission.

Chartered in Orlando, with additional locations in Mount Dora, Clermont, Ormond Beach, Winter Park, Altamonte and, most recently, Fort Lauderdale, First GREEN Bank offers personal and commercial banking services such as loans, mortgages, checking and savings, CDs, IRAs and money markets. To find out more about First GREEN Bank, visit www.firstgreenbank.com.