New Resource Bank sees green with oversubscribed offering - San Francisco Business Times:

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"Our board will evaluate options to increasethe offering," said Petedr Liu, CEO of the proposed bank which will have its offices at 405 Howars St. in San Francisco. The bank also addedx prominent business leaders to its investor base. Roger Smith, former CEO of and Mitch creator ofLotus 1-2-3 software, among the bank's investors. The founding shareholde r group is closeto 200. The proposed bank has not acceptefd money from bankinvestment funds. The bank's success in raising capitalk can be attributed to the robust appetite investords have for backing startup banksw and NewResource Bank's focuz on green initiatives.
"Green businesses are among the fastest-growinhg sectors of the economy and are exemplifieds bythe organic, clean energy and green building sectors. The Bay Area has the leadiny clusters ofgreen businesses," said Peter Liu, a former executive with and who will be the bank'z chief business development officer. "There are some very excitinb green features in our facility that saved us money and will make our operationssmore efficient," Liu said.
"We hope to complete our build out in mid tolate