Our Blog & Info

Bank Local. Join the Spring Bank Family in Harlem.

From our wonderful customers like Sugar Monk to the historical Frederick Douglas Circle and the great community work of our nonprofit clients like Custom Collaborative, we are proud to be part of the dynamic neighborhood of Harlem. Situated in the northwest comer of...

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Building Community in the Bronx for Over 30 Years: UNHP

“The Bronx is a very tight-knit community. There remains a ‘do-it-yourself’ attitude. And people know one another, and they support each other. We are part of a powerful story in the Bronx,” says Catherine Clarke, Deputy Director for Development and Administration at...

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Celebrating Earth Day Big! We are Officially Carbon Neutral!

We’ve got big news, just in time for Earth Day! Spring Bank is officially carbon-neutral! We’ve offset over 192,874.28 kg of CO2e and are helping to preserve the Amazon rainforest and support 80 indigenous families who live in the rainforests of Pará, Brazil as a...

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From Home Cooking to Whole Foods: Clean Plate Co.

“I didn’t have the capital to get into the Harlem Whole Foods. The Spring Bank Micro Line of Credit helped me to do that,” Chimere Ward, Founder, and CEO of Clean Plate Co. In 2008 Chimere didn’t know how to cook. And her kitchen wasn’t a place where she’d spent much...

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Start the New Year Right: Four Tips to Make Saving Easy

Happy New Year! It’s that time of year when we reflect on the previous 12 months and set new intentions for the year ahead. Hopefully, nurturing your financial health is top of your list! Savings is key to growing financial security and freedom. Allocating even five...

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Take the Pressure Off Your Holiday Budget this Season

The halls are decked. The travel plans are booked. But the gift list keeps growing and there is family to entertain.  We know the holidays can be both the most wonderful and the most overwhelming time of the year. The Spring Bank Start Loan can help alleviate the...

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Happy Employees = Vibrant & Productive Workplaces

It goes without saying that healthy, supported and happy employees create great places to work. When people are happy, they are more efficient and creative. Over the years, we’ve learned a lot about how the financial health of employees plays a big role in their...

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Small Dollar Loan Models at Banks Work. (Yeah, We Know.)

We—and many other mission-driven Community Development Financial Institutions (CDFIs)—have known this for a long time. And now the OCC has weighed in. According to a recent bulletin from The Office of the Comptroller of the Currency, “banks can provide affordable...

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Small Business Lending with The Jam Stand

Observing the synergy between Jessica Quon and Sabrina Valle, the co-founders of The Jam Stand is just as delightful as the surprising splash of rum in their famous Drunken Monkey Jam. Best friends since college, they enjoyed trying crafty things like knitting, making...

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New Beginnings through Financial Education

An Interview with Derison Puntier, Financial Services Coordinator of Phipps Neighboorhoods “I help people wrap their arms around their finances. My clients often feel financially backed into a corner and don’t know where to turn. I help them realize a financial...

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Optimism for a Financially Inclusive Future

From the Peace Corps, to community organizing and affordable housing, Irene Baldwin the Executive Director of Ariva, knows the difference one-on-one financial empowerment makes. Every day she and her dedicated team support hard-working people of New York City through...

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Financial Literacy for All of Us

Financial literacy and financial inclusion. These are phrases that’s hit the social enterprise space. B Corps, Community Development Financial Institutions, even some traditional banks are creating strategies and products which are provide financial literacy and are...

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Show Some Love to NYC. Bank Local.

During the month of February, we are providing you with a very easy way to show the Big Apple how much you love her: support financial literacy! When you move your money out of Bank of America and open an account with us, we will donate $100 to financial counseling,...

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Happy B Corp Month!

Two years for us as a certified B Corp and we couldn’t be more proud to be part of this growing movement of social entrepreneurs committed to using business as a force for good. Over the course of this month, our staff will be sharing about what being part of the B...

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5 Time Saving Tips as You Move Your Money

  Time. No matter how hard you work, barter or meditate; you can’t have more of it. Nobody knows this better than New Yorkers. And yet, there are values, core to who we are, which guide our lifestyles and our consumption choices. One of these is how and where we...

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Move Your Money from Bank of America and We Will Donate $100

Last week, when Bank of America raised their fees, they created an outpouring of frustration from their customers and the change makers in our city working toward the financial inclusion of all people. We put out a call to move your money and bank local—whether that...

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Celebrating B Corp Month by Donating to Financial Literacy

Happy B Corp Month! We really love being part of the B Corp community. When we certified two years ago, we knew we weren’t only taking a firm stand in our commitments to growing in our impact. We knew we were also joining a tribe. As many of our fellow B Corp friends...

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It’s Time to Move Your Money

If you’ve spent time on social media in the last week, you probably noticed the outpouring of frustration on the part of unhappy of Bank of America customers and lots of folks generally concerned with the growing divide in access to affordable financial product and...

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Affordable Banking for Financial Inclusion

More and more people are finding themselves priced out of basic banking services form megabanks, particularly individuals of modest means. When Bank of America announced that the monthly service charge for their basic checking account was going up to $12-over 66,000...

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3 Tips for Building Credit for Your Small Business in 2018

2018 is here and we know you’re already working hard to make sure your business grows this year. Michelle Allen, our Commercial Loan Closer provides insight into ensuring you keep the most important things in mind as you plan ahead. Review Your Personal Credit Score:...

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5 Tips to Kickstart Your Savings in 2018

Eight days into 2018 and the New Year’s motivation to get back in shape or cross that trip to Thailand off your bucket list are still buzzing. Your vision board is full of really important things like “pay off student debt” and “join a local sangha for weekly...

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DJ turned Kimchi King: The story of Mama O’s Premium Kimchi

You've never met someone quite like Kheedim Oh. When NYC nightlife was hitting its peak in the 90's, Kheedim was one of the city's coolest DJs, spinning underground house music. For over two decades, he built a brand in the entertainment industry. But that's where his...

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Giving from A Place of Shared Belonging

By Julie Fahnestock, our Director of Marketing and Storytelling I recently watched an older video of Ram Dass, a famous spiritual guide and teacher, talk about “the spontaneous generosity of heart.” He speaks about the gift of giving to others—not because it’s the...

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Give Local: Support Small Businesses this Holiday Season

Holiday shopping. Either you love it or you hate it; rarely is there middle ground when it comes to the pressures or joys—however you see it-- -that holiday shopping creates. Regardless of where you land on the gift-giving spectrum, we think it’s the perfect time to...

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3 Tips for Managing Your Credit Cards this Holiday Season

(from Chandni Thakkar, our Bronx Branch Manager) Building credit. It’s probably not top of mind for you during this busy holiday month. But in fact, we think the holidays can be one of the best times for you to consider and build your credit score. Why? Because as...

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The Perfect Gift for Your Loved One Who Has It All

The most wonderful time of year is here! The team at Spring Bank has decked the halls of our branches and there’s an excited anticipation at our Bronx headquarters as we plan our annual holiday party. Whether you gathered last week with thousands in the city to see...

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4 Tips for Supporting Your Employees’ Financial Well-Being

When Spring Bank headquartered in the South Bronx 10 years ago, we knew our community was being financially exploited by predatory loan providers and check cashing businesses. During the height of the financial recession and at a time when other banks were leaving, it...

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A Note of Gratitude and Love

It's a little tricky for a community banker to talk about gratitude without falling too deeply into clichés. One of the greatest films ever made, which is about to go back into regular rotation as Christmas nears, is about a community banker who temporarily lost sight...

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3 Reasons a CD is Still a Great Way to Build Your Savings

When it comes to planning for your financial future, you have a lot of options. From long-term options like your 401(k) or quicker ROI’s like investing in your favorite IPO, there are many ways you can make your hard-earned money grow. With so many options, why choose...

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Ten Years of Financial Inclusion at Spring Bank

Written by Demetris Giannoulias, CEO of Spring Bank When we started Spring Bank in 2007, the economic boom of the 2000s was at its peak. While Wall Street was doing great and banks were expanding in ways they never had and into complex financial products of which no...

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$930,000 Means Big Community Impact

Yes. That's 93 followed by four zeros. It's generous. It's an honor. And we worked hard to earn this privilege. We are proud to announce that we have just received a $930,000 award from the U.S. Department of the Treasury's Community Development Financial Institution...

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Important Message About Equifax

You may have read that one of the major Credit Reporting Agencies, Equifax, recently experienced a largescale data breach.  This is an important time to review the status of your personal information at the credit bureaus and take additional steps to secure your...

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Spring Bank Honored as Best for Customers by B Lab

  Spring Bank has been recognized as being among the companies creating the most positive overall impact on its customers based on an independent, comprehensive assessment administered by the nonprofit B Lab. Honorees are featured on B the Change, the digital...

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Helping small businesses: it’s a mission!

Bronx's Spring Bank helps small businesses get started! By Lauren Glassberg Monday, June 06, 2016 NEW YORK (WABC) Most banks pride themselves on conducting big business, but one bank in the Bronx is thinking a bit smaller. Spring Bank is throwing its support behind...

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It’s Official! We’re Do-Gooders.

Spring Bank is now in Very Good Company! We have officially become a B-Corporation, asserting that we meet rigorous standards of social performance, accountability, and transparency. How many other banks can say that? On April 14, 2016, Spring Bank joined an elite...

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Spring Bank on NY1-helping NYC workers access credit

To help workers get an affordable loan when they most need it-Spring Bank has created the Employee Opportunity Loan (EOL). BOOM! Health is one of Spring Bank's employer partners. Boom!Health provides health and wellness services in the Bronx and Senior Vice President...

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Spring Bank on NY1- Opening tax season accounts with IDNYC

New Yorkers are getting their taxes done free right here at Spring Bank in the Bronx. Because Spring Bank is one of a handful of banks that takes the municipal ID to open accounts, tax filers can use IDNYC to file taxes and put their money in a safe and affordable...

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Build a Great Business Workshops

We are proud to join forces with Women's Venture Fund and co-present a FREE series of workshops this fall of 2015 for business owners in our community. The workshops will cover the following topics: Thurs, Nov. 12 - Managing Your Money to Grow Your Business Thurs,...

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Small Dollar Loan Program Crosses Threshold

Spring Bank Helps More People Every Day In May 2015, Spring Bank went over the $100,000 mark with its Credit Builder, Borrow-And-Save and Employee Opportunity Loans. Spring Bank's commitment to providing affordable credit to borrowers in the Bronx and Harlem is...

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Bank With “100% Impact”

Our Newest Customer Is A Mutual Fund That Banks For 100% Impact Appleseed Fund (NYSE: APPLX, APPIX), a go-anywhere value mutual fund, has added to its community investment portfolio by purchasing certificates of deposit in Spring Bank, a Bronx, New York-based...

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A Bank For Heroes

Spring Bank is Home to Community Bank Heroes Spring Bank Vice President Brian Blake has been named a Community Bank Hero by The Warren Group and Banking New York Magazine. But in accepting the award, he stated that the award was actually a reflection of the hard work...

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FinTech & Community Banking Are Coming Togther

Partners In Progress: Affordable Credit, Where It's Due We're proud of the team at Happy Mango for today's article in USA Today. It highlights their work in developing an alternative credit scoring system that can help many of our customers in measurable ways. And...

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24,000 Free ATMs: Here, There, Everywhere

This Part Is Easy: Free ATMs At Spring Bank, you can have a full-service bank, bank local, and be happy. Our customers come from all over metro NYC. Our services are affordable, accessible, simple, and modern. We are a member of the Money Pass network, which gives our...

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The Ideas Issue Of American Banker

Great Ideas Come From Spring Bank: American Banker Of the best "Ideas for 2015," at least one of them comes from the Bronx. More importantly our Borrow-And-Save loan has caught the attention of customers throughout New York. Who are we helping? Customers who would...

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Healthy Hearts: A Bronx Cooking Club

Students @ Family Life Academy Charter School Learn Healthy Life Skills This is important. In last week's State of the Borough address, Bronx Borough President Ruben Diaz Jr. shared that the Bronx is 62nd out of New York State's 62 counties in terms of health! One way...

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Better Business Loans: An SBA Preferred Lender

One of New York's Most Active SBA Lenders is Also One of The Best In its 2014 Book of Lists, Crain's New York Business ranked us number 23 among New York area SBA lenders, putting us solidly near the top of the most active SBA lenders in New York, and above many banks...

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Spring Bank and The Bronx Business Incubator

Supporting Technology and Entrepreneurship This was fun! In the summer of 2014, Spring Bank wrote a letter of credit to help the Business Outreach Center (BOC)  secure the lease for the Bronx Business Incubator. This exceptional non-profit is a leading micro-lender...

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Bank Local. Grow Local.

Spring Bank is pretty unusual. Nearly everyone can find something here to help them reach a goal. We have accounts and loans that are designed to get you started, help you start over, or get you further on your way. That means checking and savings accounts with no...

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Technology Connects Us, And Moves Us Forward.

Security, Convenience, Knowledge We're a small bank. And it's a big world. How does a small bank take a big world down a notch? Technology.Spring Bank is a forward looking bank. Our online banking for people and businesses means you can see internal transfers in...

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Our Promise

We don’t take it lightly that you trust us with your money. In fact, the best part about working here is getting to know our customers and their families. You’ll soon find out that you are far from a number here. On the contrary, you become part of the Spring Bank Family. We can’t wait to get to know you.

Grow on the Go

Download the Spring Bank app available for iOS and Android. Make your deposits on the move and find our network of ATM’s, so you can have easy access to your money.

 

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