Spring Bank Sustainability Profile

Spring Bank is an FDIC-insured community bank, proudly serving as the cornerstone of financial services in the Bronx, New York since 2007. As the first bank to establish a base in this borough in over three decades, it expanded with a second branch in Harlem in 2012. Recognized by the US Treasury as a Community Development Financial Institution (CDFI), Spring Bank is committed to supporting low and moderate income communities through strategic investments and loans. Additionally, it holds the status of a preferred lender with the US Small Business Administration (SBA). Spring Bank's innovative approach aims to offer financial products that assist underserved consumers and small businesses in avoiding debilitating debt cycles, fostering economic growth and wealth creation within New York City.