CHEVY CHASE, Md. & CHARLOTTE, N.C.--(BUSINESS WIRE)--Forbright Bank is pleased to announce its recognition as the Best Eco-Friendly Bank in America by Bankrate as part of the aggregators’ Best Products in Personal Finance 2025 Awards. Given to Forbright Bank due to its commitment to sustainability, responsible lending practices, and Fossil-Free certification, the award is in its inaugural year and comes in response to consumers’ sustained interests in services and products that prioritize sustainability and climate-friendly operations.
Forbright Bank is an FDIC-insured bank and commercial lender committed to supporting its customers’ financial goals while helping build a more sustainable economy. The Bank has integrated sustainability into its business practices by maintaining carbon-neutrality in its operations, partnering with environmental stewards like the National Park Foundation, and offering its employees bonuses for purchases like solar panels and electric vehicles.
“We know that Bankrate customers are looking for a financial institution where they can make strong returns and feel good knowing their bank prioritizes sustainability,” said Richard Jordan, Vice President at Red Ventures – the parent company of Bankrate. “Forbright is leading the way in eco-friendly banking, and that’s why we’re pleased to recognize them with this inaugural award.”
Earlier this year, Forbright Bank launched a digital high-yield savings account called Growth Savings to help Americans grow their personal savings. The account, with its competitive APY and no fees or minimums, has proven attractive to customers.
“Our mission is to help build a more sustainable future and support our customers’ financial goals while operating a strong and profitable bank,” said Don Cole, Chief Executive Officer of Forbright Bank. “Receiving the Best Eco-Friendly Bank award from Bankrate affirms the progress we’ve made and inspires us to continue leading the way.”
Bankrate’s recognition follows a comprehensive evaluation of Forbright Bank’s commitment to sustainability. The independent editorial team at Bankrate reviewed hundreds of financial companies and products with a fine-tooth comb to present readers with the best of the best. This year, Forbright Bank earned the Best Eco-Friendly Bank award in part due to its:
- Fossil-Free Certification: 100% of Forbright Bank’s lending portfolio is aligned with its Responsible Investment Policy, meaning in part that the Bank does not finance any fossil fuel extraction or infrastructure.
- Sustainable Operations: Forbright Bank’s carbon-neutral operations and sustainable business practices help support a healthier planet. 100% of the electronics maintained by the Forbright Bank IT department are recycled, and Forbright Bank’s debit and ATM cards are made from 100% recycled PVC.
- Creating Positive Impact: Since 2021, Forbright Bank has originated more than $2.5 billion in sustainable financing across environmental and social sustainability themes like renewable energy, battery storage, and affordable housing.
“This award not only celebrates Forbright Bank’s environmental leadership but also sets a benchmark for what financial institutions can achieve when they prioritize sustainability,” concluded Richard Jordan, Vice President at Red Ventures.
For more information about Forbright Bank’s commitment to sustainability, visit www.forbrightbank.com/about-us/impact/.
About Bankrate
Bankrate (www.bankrate.com) has guided savers and spenders through the next steps of their financial journeys since 1976. Whether it's rates or information on mortgages, investing, credit cards, personal loans, insurance, taxes or retirement, the company offers various free resources to help consumers reach their goals. From product comparison tools to award-winning editorial content, Bankrate provides objective information and actionable next steps. Bankrate also aggregates rate information from over 4,800 institutions on more than 300 financial products, with coverage in more than 600 local markets. It’s why over 100 million people put their trust in Bankrate every year.
About Forbright Bank
Forbright Bank (www.forbrightbank.com), Member FDIC, Equal Housing Lender, is a bank and commercial lender committed to sustainability. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable economy by financing the companies, investors, and innovators driving that change.
