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BankNews Honors Two Banks With the 2012 Green Leaf Award


Dec 4, 2012 - BankNews is proud to announce the winners of the 2012 Green Leaf Award, an honor that recognizes financial institutions nationwide improving their communities through cooperation and participation in environmental programs and civic projects. The award covers three primary areas: staff involvement, bank services and technology, and environmental participation.

This year’s winner, with less than $500 million in assets, is Premier Bank in Dubuque, Iowa. Premier Bank has spent hundreds of hours re-engineering its policies, procedures, workflow and choice of suppliers to minimize its environmental impact by maximizing its reduction in use of natural resources. The $253 million asset bank received Petal Project certification in 2012, which has been bestowed on only four local businesses in the bank’s community.

Winning the Green Leaf Award for banks with more than $500 million in assets is Boston-based Eastern Bank. Eastern Bank, with $8 billion in assets, has four U.S. Green Building Council LEED-registered branches — more than any other bank in Massachusetts. The bank uses 100 percent green electrical power at more than 90 branches and five corporate centers through the purchase of renewable energy certificates from Constellation Energy. At the 500-employee operations center and cafeteria, general trash is removed nightly and delivered to an area energy plant to produce electricity. In addition, Eastern Bank provides employees with a $40 monthly subsidy to encourage the use of public transportation to help reduce gas consumption, pollution and traffic congestion.

"Unfortunately, most of the good work banks do in their communities goes unnoticed" said Bill Poquette, editor-in-chief of BankNews magazine. "Through the 2012 Green Leaf Award, we are able to recognize banks whose initiatives help them better serve not only their communities but also the planet.”  

BankNews congratulates this year’s winners!