Our Blog & Info

Check Us Out! Recently Featured on the Taking Care in Business podcast!

Nov 13, 2017

Part of the reason we became a B Corp is because we’d heard about the collaborative and generous community. Other B Corps told us again and again, “a huge benefit to taking on the certification process is the connection to…

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Supporting the Resilient Entrepreneur: A Day in the Life of Ines

Nov 08, 2017

By Ines Marino, our Director of Small Business Lending After I say goodbye to the newest addition to my family, Pipa, our nine-month old puppy, I head to Harlem to visit a client. They are opening their second restaurant and…

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

Oct 12, 2017

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…

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Small in Size. Mighty in Impact: Three Reasons a Community Bank is Best for Your Small Business

Oct 09, 2017

by Ines Marino, Director of Small Business Lending We think British economist E. F Schumacher makes a great point: Small is beautiful. Small, however, is contrary to what our MBA programs teach us about growing our businesses; the opposite of what…

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Fees to transfer funds to Puerto Rico & Virgin Islands waived until Nov. 30

Oct 04, 2017

Effective immediately, and until November 30, Spring Bank is assisting with the Puerto Rico and Virgin Islands relief effort by waiving the transaction fee on consumer wire transfers of funds to Puerto Rico residents and Virgin Island residents, whether through…

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Ten Years of Financial Inclusion at Spring Bank

Sep 25, 2017

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…

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$930,000 Means Big Community Impact

Sep 19, 2017

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…

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Important Message About Equifax

Sep 18, 2017

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…

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Spring Bank Honored as Best for Customers by B Lab

Sep 12, 2017

  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…

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Helping small businesses: it’s a mission!

Jun 16, 2016

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…

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It’s Official! We’re Do-Gooders.

May 08, 2016

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…

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Spring Bank on NY1-helping NYC workers access credit

Mar 04, 2016

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…

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