SAN FRANCISCO - New Resource Bank (OTCBB: NWBN) is pleased to announce the appointment of Stephen Rossi as CFO.

Rossi has extensive experience in banking and financial management, most recently as CFO at Borel Private Bank & Trust Company in San Mateo, Calif. During his tenure there he worked with the Borel team to build the bank's assets from $900 million to $1.5 billion.

"Stephen brings a tremendous depth and variety of experience as a senior finance executive for organizations of various sizes and growth levels," said Vince Siciliano, New Resource president and CEO. "On top of that, he was part of the team that helped earn Borel recognition as one of the Bay Area's best places to work for several years running. He is an excellent addition to the New Resource management team."

Prior to joining Borel in 2006, Rossi worked at Bank of America in San Francisco. He held various senior finance positions there, supporting banking business units in the Bay Area, throughout California and along the entire West Coast.

"Being at a young bank is exciting. New Resource is in great financial shape and I'm looking forward to helping it grow within the mission we're all committed to," Rossi said, noting that the bank's mission was what drew him to the position. "The sustainability concept-the fact that we're thinking about future generations and preserving resources so that they can enjoy a livable planet-is really compelling to me."

A San Francisco Bay Area native, Rossi holds a bachelor's degree from San Francisco State University and a master's degree in business administration from Golden Gate University.

About New Resource Bank

New Resource Bank ( is the premier bank for people who are leading the way to a more sustainable world. We match an entrepreneurial spirit with a dedication to achieving environmental and social as well as financial returns. Our mission is to advance sustainability with everything we do-the loans we make, the way we operate and our commitment to putting deposits to work for good.

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