Posted on 07/26/2014 1:32:42 PM PDT by Citizen Zed
GreenChoice Bank had been around for over 100 years, having been founded in 1910. In 2010 GreenChoice acquired Family Federal Savings of Illinois whose history also extended back over 100 years.
As the name implies GreenChoice was totally committed to becoming a “responsible green business” by lowering the bank’s impact on the environment. According to the Bank’s website, GreenChoice devoted considerable resources in trying to convert the Bank’s business properties into sustainably-built buildings that were also healthy to work in.
(Excerpt) Read more at problembanklist.com ...
So the bank focused on doing things outside of ensuring its banking operations and risks were properly managed, resulting in a bank failure.
Moral is to attend to what you do in your core business.
Ivory towers are lovely to look at from afar but cold and barren up close.
Wonder is there is any connection to FoO!
Meet the GreenChoice Team!
SENIOR MANAGEMENT
Steve Sherman, LEED AP
President, Chief Executive Officer, and
Director
Jon A. Levey, LEED AP, GREEN
Executive Vice President, Director, and
Chief Lending Officer
OUR TEAM
Our Cicero Staff
BOARD OF DIRECTORS
Robert M. Beavers, Jr.
Director
Robert Gremley
Director
Marc Kahan
Director
Donald Larson
Director
Frank Reid, LEED AP
Director
Samuel Sallerson
Chairman of the Board
Dennis Schueler
Director
"Sustainably-built" and "healthy to work in" are two entirely separate concepts. They are quite often in conflict. But those who believe in them refuse to recognize this fact.
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