ecotrust logo
HOME  |  

Ecotrust in the News

Willamette Week
April 29, 2009
By SHAWN O'BRYANT

Green Is Their Color

Umpqua Bank opens an Eco-banking division. Will it work?

As banks nationwide struggle with the financial crisis, Oregon-based Umpqua Bank has created a new eco-banking division to promote energy conservation and renewable-energy projects.

Last year, the Energy Trust of Oregon, an independent nonprofit, provided almost $41 million in cash incentives and technical assistance to Oregon businesses and households for 60,000-plus energy-efficiency and renewable-energy projects.

But that money often doesn’t fully cover a property owner’s costs for projects such as replacing single-pane windows or setting up alternative energy systems.

Umpqua — which is WW’s bank — announced recently it is hoping to fill whatever financial deficits remain for homeowners with renewable-centric, low-interest loans of as much as $50,000, or $100,000 for small-business owners.

Read the whole article »

News Archive

DONATE »

Contact Us

Ecotrust
Jean Vollum Natural Capital Center
721 NW Ninth Ave, Suite 200

Portland, Oregon 97209

tel: 503.227.6225
fax: 503.222.1517
Email us