Climate First Bancorp in Orlando, Fla., raised $46 million by selling common stock.
The company said in a press release that the capital will help it expand its national solar and renewable energy platforms, along with other socially responsible financing efforts.
“This major new investment is a reflection of the national commitment to combat the climate crisis,” Ken LaRoe, the company’s CEO, said in the release.
“Despite all of the noise and negativity coming from Washington … demand for renewable energy is through the roof,” LaRoe added. “From Miami to San Diego, San Antonio to Minneapolis, ethical financing of renewable energy makes sense, both from an affordability and environmental perspective.”