For-Profit Bank Becomes First Benefit Corporation Bank in U.S.

credit: Ecotourism CA

In cooperation with B Lab Corporation, Virginia Community Capital ("VCC") announced that it is the nation's first regulated bank to become a Benefit Corporation. With offices throughout the commonwealth, VCC provides capital resources to address social challenges in areas like healthcare, energy and jobs, investing in projects that amount to nearly $800 million in total stimulus.

Benefit Corporations are designed to make positive impacts in local communities through investments and providing resources to social projects. VCC has made positive contributions in areas like housing development, environment, job growth and quality of life in the state of Virginia, along with providing financial services to those in need.

VCC's goal is to make resources available in low-to-moderate income communities through wise investments and strategic partnerships with key organizations throughout the Commonwealth of Virginia.

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