Business Details
19 Years
experience
Ethical Banking for People and Planet
Albina Community Ban was founded in 2007 with a revolutionary vision for banking that prioritizes people, planet, and long-term financial sustainability. Our triple bottom line approach ensures equal consideration of social justice, environmental stewardship, and economic viability in every decision we make. As a Community Development Financial Institution (CDFI), we direct at least 60% of our lending toward low-to-moderate income communities while maintaining strict ethical standards that exclude fossil fuels, private prisons, and weapons manufacturing. Our unique ownership structure through Beneficial State Foundation guarantees permanent public interest governance. With $1.9 billion in assets and branches across California, Oregon, and Washington, we demonstrate that stakeholder capitalism can create meaningful positive impact.Our B Corp certification, Fossil-Free status, and Global Alliance for Banking on Values membership validate our commitment to transparency and accountability. We offer personal, business, and nonprofit banking solutions designed to advance financial justice while delivering competitive financial products. Our 2024 impact report shows 90% of our lending portfolio directly benefits communities and the environment. By choosing Albina Community Ban, customers become financial activists who help build a regenerative economy through everyday banking activities.
Services
Personal Banking
Business Banking
Nonprofit Banking
Affordable Housing Loans
Environmental Lending
Community Development
Ethical Investment
Financial Wellness Programs
Impact Reporting
B Corp Banking
Details
- Year established: 2007
Highlights and features
- We practice stakeholder capitalism that equally prioritizes people, planet, and financial sustainability
- 90% of our 2024 lending portfolio directly benefited communities and the environment
- We pioneered the first bank ownership structure permanently governed in the public interest
- Our triple bottom line approach avoids all fossil fuel, prison, and weapons industry investments
- We provide equitable access to banking services while maintaining competitive financial products
Associations and certifications
- B Corp
- CDFI
- Fossil-Free Certification
- Global Alliance for Banking on Values (GABV)
Services
Personal Banking
Our personal banking services provide ethical financial solutions for individuals. We offer free checking accounts, competitive savings options, and environmentally responsible credit cards that align with our triple bottom line values. These services enable customers to support social justice and environmental sustainability through everyday banking activities while maintaining full financial functionality.
Business Banking
Our business banking solutions serve B Corps, small businesses, and ethical enterprises. We provide lending and deposit services that support growth while maintaining strict environmental and social standards. Our approach helps businesses access capital for expansion without compromising their values or contributing to harmful industries.
Nonprofit Banking
We offer specialized banking services for nonprofit organizations including tailored lending and deposit solutions. Our nonprofit banking division supports 501(c)(3) clients with financial tools that align with their mission-driven work in social justice and environmental sectors while maintaining operational efficiency.
Affordable Housing Loans
Our affordable housing loans fund development of accessible housing units across our service areas. These loans support construction and preservation of 17,000+ affordable homes while avoiding investments in exploitative real estate practices. This program directly addresses housing inequality through targeted financial solutions.
Environmental Lending
Our environmental lending program focuses on renewable energy projects and sustainable development. We provide financing for clean technology initiatives and eco-friendly infrastructure while maintaining strict exclusion of fossil fuel-related activities. This lending category represents $8MM in environmental impact investments in 2024.
People
Kat Taylor
Co-Founder
Kat Taylor co-founded Albina Community Ban to create a banking model that prioritizes social justice and environmental sustainability. As a former attorney and community development expert, she has dedicated her career to financial justice initiatives through innovative banking structures.
Tom Steyer
Co-Founder
Tom Steyer co-founded Albina Community Ban with a vision for stakeholder-driven banking. The former hedge fund manager and environmental advocate focuses on creating financial systems that address climate change and economic inequality through institutional reform.
Questions
What is Beneficial Banking?
Beneficial Banking prioritizes people, planet, and financial sustainability through stakeholder capitalism. We focus on high-impact lending while avoiding harmful industries like fossil fuels and private prisons.
How does your bank support communities?
We direct at least 60% of our lending to low-to-moderate income communities and have funded 17,000+ affordable housing units while maintaining strict ethical lending standards.
What makes your bank different from traditional banks?
We're a certified B Corp with unique public-interest ownership structure. Our triple bottom line approach avoids all fossil fuel, prison, and weapons industry investments.
What services do you offer?
We provide personal, business, and nonprofit banking services including checking, savings, loans, and credit cards designed to advance social justice and environmental sustainability.
How can I check my account?
Log in to our online banking portal for 24/7 account access. Business customers can also contact our Customer Care Team during regular business hours for assistance.
