News Summary

Climate First Bank, the world’s first FDIC-insured, values-based digital community bank, has announced a $20 million revolving credit facility with Sunwealth, a clean energy development and investment firm. This initiative aims to develop 14MW of clean energy projects across states including California, Texas, Massachusetts, New York, Maine, New Mexico, and Connecticut, along with the District of Columbia. The credit facility will support renewable energy expansion, promote local job creation, and provide equitable access to solar power, benefiting affordable housing, schools, nonprofits, and religious institutions. Sunwealth, a Certified B Corporation, currently manages over 780 solar projects, totaling 70MW across 18 states and D.C., resulting in significant lifetime energy savings and job creation.