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Banking Like the Planet Depends On It: The fast-growing Climate First Bank is financing clean energy projects one relationship at a time — and it hopes other community banks will follow suit. (reasonstobecheerful.world)

submitted 1 week ago by alyaza@beehaw.org to c/usnews@beehaw.org

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America’s fastest-growing new bank doesn’t specialize in AI or crypto-currency or some exotic investment strategy with little real world value. It specializes in environmental sustainability.

Based in St. Petersburg, Florida, Climate First Bank was chartered in 2021 with a mission to finance environmental sustainability. Five years later, it’s already pushing $1.8 billion in assets. The bank — which describes itself as the nation’s first climate-focused bank — nearly doubled in size over the course of 2025 alone.

While Climate First is financing solar arrays of all sizes, including community solar and utility-scale battery storage systems, its rapid growth is powered mainly by the oldest force in banking: relationships.

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