Value Banking
First Green Bank

Year In The Life of First Green Bank Documentary (Trailer)_Dec 2016

Burgess COMMENTARY

Peter Burgess

Year In The Life of First Green Bank Documentary (Trailer)_Dec 2016

Published on Dec 3, 2016

https://youtu.be/odt4QX9mOig

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Transcript

English (Automatic Captions) 0:00can the tools of finance and banking be 0:02used not just for short-term financial 0:04gain but you actually redefine wealth 0:07capital institute was seeking the answer 0:10to that question when we engaged in a 0:12year long collaboration with Ken laro 0:14founder of your screen bank 0:17the following are a few clips from the 0:19documentary we produced highlighting our 0:22year-long journey with Ken during which 0:25we introduced him and his staff to a 0:26series of provocateur mentors that this 0:30area is was historically role in 0:34agricultural very very low population 0:37it's exploded with as a bedroom 0:41community of orlando there's a lot of 0:43sprawl a lot of unmanaged growth which 0:45is ripped my heart out honestly I'm just 0:48determined to not let this play slip 0:51away and go them the route of many other 0:54areas in flora so we're seeing the 0:57beginnings of a regenerative economy 0:59here in Central Florida but the seeds 1:02are here in a single community bank like 1:05for screen bank can be a hub because the 1:07intention is part of the growth right 1:08now you take the story what you feel how 1:11deeply you feel it and use it to grow a 1:14business investors in it with shares 1:16solid return they give to their children 1:20and their grandchildren 1:22it's also real SVU event is real we're 1:25two days after the 2016 presidential 1:28elections we screened a year in the life 1:31documentary before a live audience in 1:33New York City local new economy thought 1:36leaders and practitioners reflected on 1:39their own journeys to try to transform 1:41finance and banking and ken was there to 1:44catch us up with what was happening with 1:45first greenbank since our film was 1:47produced everyone identified with first 1:50greenbank story and struggle part of my 1:53interest in this is the need to 1:55rebalance the economy with much stronger 1:59local businesses much stronger local 2:02business communities which really rely 2:05on a locally-based finance you know one 2:08of the ideas of this regenerative 2:10framework is 2:11that it unlocks potential that exists 2:13that you don't realize is there and so 2:16even though you may not be able to 2:18pencil it and write it down and put it 2:20in your projection if you take a 2:22long-term perspective good things will 2:24happen and and and value creation both 2:27non-monetary and monetary will come out 2:30of the process that's the that is the 2:33whole idea of regeneration is in our 2:35board unanimously agreed that we want to 2:38take the bank into perpetuity we don't 2:40we don't want to sell it we want to 2:42build it to keep and so now it's down to 2:45how do we do that what structure do we 2:47do we do going forward how do we raise 2:49patient capital instead of the PE guys 2:53that just want a quick return our models 2:56are so simplistic and so devoid of 2:58humanity at this point that they don't 3:01tell us what we need to know about what 3:03we need to in the future where to go 3:04that we need that holistic approach to 3:06talk about one of the questions that 3:08were asking ourselves is how do we build 3:10wealth and not just balance sheets and 3:12hopefully through the conversation 3:14tonight and the different works that you 3:17do on and in however which way you want 3:19to practice it that you will work with 3:21us and the communities that extend 3:24beyond these four walls to help build a 3:27regenerative economy our values 3:29alignment touches every point of what we 3:31do how we service our customers and then 3:34how we even use our own resources our 3:36strategy is very intentional go after 3:38the people we want to go after and watch 3:40us make more money and services at the 3:42same time 3:42[Music]