Spring Bank is a community development financial institution (CDFI) and certified B Corporation that provides a full suite of financial services with a mission to serve underserved and underbanked communities in New York City. Founded in the Bronx and with a strong local presence in Brooklyn, the bank focuses on relationship-based banking while prioritizing financial inclusion and community impact. Spring Bank specializes in offering banking solutions to individuals, small businesses, and nonprofit organizations that are typically overlooked by traditional financial institutions.

Within the financial services landscape, Spring Bank is notable for its commitment to affordable and responsible products, such as small-dollar loans, personal checking and savings accounts with no or low fees, and support for micro-entrepreneurs. The bank partners with numerous community organizations to promote economic development and financial empowerment, especially in low- to moderate-income neighborhoods. Their work extends to providing impact-driven services like affordable housing loans and mission-aligned business lending. Spring Bank has also received national recognition for its social impact, earning accolades from organizations such as B Lab and the Citi Foundation.

Website: https://www.spring.bank/

Key Services:

– Personal and business checking and savings accounts
– Small business loans and lines of credit
– Commercial real estate and affordable housing lending
– Personal loans, including Small Dollar Loan programs
– Nonprofit banking and lending services
– Online and mobile banking
– Financial inclusion and community impact programs
– Payroll and employer-based employee loan programs