ShoreBank is the only bank in the world that has been Protecting the Environment, Building Community and providing a Social and Financial Return on Investment for over 35 years. The bank’s motto is "Let’s Change the World," and they make loans that strengthen communities and preserve the environment. ShoreBank has been perhaps the best untold story in the country, until now. They have a heritage of helping those who no one else would, such as businesses and developments on the South Side of Chicago. They have a history of funding solid alternative energy businesses, environmental protection groups, green collar jobs, sustainable business practices, nursery schools, educational institutions, churches, temples, homeless shelters, NPOs, and much more. They have over $2 billion in assets, are fully FDIC Insured, and now are offering an online High-Yield Savings Account that is currently paying a 3.50% APY*, with no monthly fees, only a $1 minimum deposit and 24 hour access to one’s account. As Winston Churchill said, "The Power is in the Purse," and ShoreBank is providing customers the ability to vote with their dollars, while also making a good financial return on their investment, so that together, through collaboration, we can literally help to Change the World. Not many could have seen the potential in the long-abandoned nursing home nestled in Cleveland’s Glenville neighborhood. But not everyone is Nicki Salfer, CEO of Tree of Knowledge Learning Centers, an organization that provides educational and therapeutic services to disabled and at-risk pre-Kindergarten through 12th grade students. With the help of a $1.8 million loan from ShoreBank, Nicki bought and transformed the neglected building into the Virtual Schoolhouse Hybrid Charter School. This vibrant center serves more than 300 students who attend its charter school and 1,200 additional students who receive its online programs and specialized services in home, school or hospital locations. "With our ShoreBank loan, we were able to open our doors to students who need our help the most," said Nicki. "Our facility allows for small class sizes and a lot of one-on-one attention. It’s a joy to see how much our students are thriving." Parents are thrilled with the new facility, too. Lisa Muscow, parent of a son with Asperger’s syndrome, a form of autism, said, "I’m so grateful the Virtual Schoolhouse is now open because my son’s needs weren’t being met at public school and I can’t afford private school tuition. The progress he’s making is remarkable-his social and academic skills have greatly improved." Tree of Knowledge is also using part of its $1.8 million loan to convert an unused synagogue into a new theater, allowing students to shine not only in the classroom but on stage as well.
Recently, the Outreach Manager for a bank called Shorebank sent me an email about this bank. Its a lesser known bank with a competitive high-yield savings account, as well as a compelling story. ShoreBank is an environmentally and socially responsible bank that is dedicated to protecting the environment and improving our communities. Right now, ShoreBank is offering 3.5% APY on their online high-yield savings account, and they will provide a complimentary Stainless Steel Canteen to each person that funds an account with $500 or more through 11/15/2008 and uses the promotional code "canteen" on the application, while supplies last. (please allow 4 to 6 weeks shipping)
About ShoreBank
Here is one of their community success stories.Tree of KnowledgeNew Home Transforms Children’s Lives
Here is the bank's website. ShoreBank
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Monday, October 27, 2008
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